COMPANY REGISTRATION NUMBER
07946872
C.A.R. TOOLING LTD
ABBREVIATED ACCOUNTS
29 February 2016
M A WHITE & CO
Accountants
2 Queen Victoria Road
Coventry
CV1 3JH
C.A.R. TOOLING LTD
ABBREVIATED BALANCE SHEET
29 February 2016
|
2016
|
Note
|
£
|
£
|
FIXED ASSETS
|
2
|
|
|
Tangible assets
|
|
86,539
|
|
|
|
|
CURRENT ASSETS
Stocks
|
300
|
|
Debtors
|
23,911
|
|
Cash at bank and in hand
|
14,132
|
|
|
---------
|
|
|
38,343
|
|
CREDITORS: Amounts falling due within one year
|
74,166
|
|
|
---------
|
|
NET CURRENT LIABILITIES
|
|
(
35,823)
|
|
|
---------
|
TOTAL ASSETS LESS CURRENT LIABILITIES
|
|
50,716
|
|
|
|
CREDITORS: Amounts falling due after more than one year
|
|
43,218
|
|
|
---------
|
|
|
7,498
|
|
|
---------
|
|
|
|
CAPITAL AND RESERVES
Called up equity share capital
|
3
|
|
2
|
Profit and loss account
|
|
7,496
|
|
|
-------
|
SHAREHOLDERS' FUNDS
|
|
7,498
|
|
|
-------
|
|
|
|
|
For the year ended 29 February 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These abbreviated accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime.
These abbreviated accounts were approved and signed by the director and authorised for issue on
20 April 2016
.
Mr Roper
Director
Company Registration Number:
07946872
C.A.R. TOOLING LTD
NOTES TO THE
ABBREVIATED ACCOUNTS
YEAR ENDED 29 FEBRUARY 2016
1.
ACCOUNTING POLICIES
Basis of accounting
The financial statements have been prepared under the historical cost convention, and in accordance with applicable UK accounting standards.
Cash flow statement
The director has taken advantage of the exemption in Financial Reporting Standard No 1 (Revised 1996) from including a cash flow statement in the financial statements on the grounds that the company is small.
Turnover
The turnover shown in the profit and loss account represents amounts invoiced during the year.
Fixed assets
All fixed assets are initially recorded at cost.
Depreciation
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Plant & Machinery-15%
Motor Vehicles-25%
Equipment-15%
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Hire purchase agreements
Assets held under hire purchase agreements are capitalised and disclosed under tangible fixed assets at their fair value. The capital element of the future payments is treated as a liability and the interest is charged to the profit and loss account on a straight line basis.
Pension costs
The company operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the company. The annual contributions payable are charged to the profit and loss account.
2.
FIXED ASSETS
COST
At 1 March 2015
|
73,038
|
Additions
|
58,400
|
|
----------
|
At 29 February 2016
|
131,438
|
|
----------
|
|
|
DEPRECIATION
At 1 March 2015
|
29,332
|
Charge for year
|
15,567
|
|
---------
|
At 29 February 2016
|
44,899
|
|
---------
|
|
|
NET BOOK VALUE
At 29 February 2016
|
86,539
|
|
---------
|
|
|
At 28 February 2015
|
43,706
|
|
---------
|
|
|
3.
SHARE CAPITAL
Allotted, called up and fully paid:
|
No
|
£
|
|
Ordinary shares of £ 1 each
|
2
|
2
|
|
|
----
|
----
|
|
|
|
|
C.A.R. TOOLING LTD
ACCOUNTANTS' REPORT TO THE DIRECTOR OF C.A.R. TOOLING
LTD
YEAR ENDED 29 FEBRUARY 2016
As described on the balance sheet, the director of the company is responsible for the preparation of the abbreviated accounts for the year ended 29 February 2016, which comprise the Balance Sheet and the related notes.
You consider that the company is exempt from an audit under the Companies Act 2006.
In accordance with your instructions we have compiled these unaudited abbreviated accounts in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.
M A WHITE & CO
Accountants
2 Queen Victoria Road
Coventry
CV1 3JH
20 April 2016