Company Registration No. 02760885 (England and Wales)
ACTON COACHWORKS (UK) LIMITED
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 JUNE 2015
ACTON COACHWORKS (UK) LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
ACTON COACHWORKS (UK) LIMITED
ABBREVIATED BALANCE SHEET
AS AT
30 JUNE 2015
30 June 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
2
28,582
42,491
Current assets
Stocks
89,644
182,000
Debtors
964,574
706,394
Cash at bank and in hand
13,609
2,250
1,067,827
890,644
Creditors: amounts falling due within one year
(1,118,635)
(980,978)
Net current liabilities
(50,808)
(90,334)
Total assets less current liabilities
(22,226)
(47,843)
Capital and reserves
Called up share capital
3
6,000
6,000
Profit and loss account
(28,226)
(53,843)
Shareholders' funds
(22,226)
(47,843)
For the financial year ended 30 June 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 21 March 2016
P.Jesus
Director
Company Registration No. 02760885
ACTON COACHWORKS (UK) LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 JUNE 2015
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Motor vehicles
25% Reducing balance
2
Fixed assets
Tangible assets
£
Cost
At 1 July 2014
109,496
Disposals
(7,790)
At 30 June 2015
101,706
Depreciation
At 1 July 2014
67,005
On disposals
(3,408)
Charge for the year
9,527
At 30 June 2015
73,124
Net book value
At 30 June 2015
28,582
At 30 June 2014
42,491
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
6,000 Ordinary shares of £1 each
6,000
6,000