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Abbreviated Unaudited Accounts for the Year Ended 30 April 2015 |
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Chris Eastwood Automotive Limited |
REGISTERED NUMBER:
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Abbreviated Unaudited Accounts for the Year Ended 30 April 2015 |
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for |
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Chris Eastwood Automotive Limited |
Chris Eastwood Automotive Limited (Registered number: 03077064) |
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Contents of the Abbreviated Accounts |
for the Year Ended 30 April 2015 |
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Page |
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Abbreviated Balance Sheet | 1 |
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Notes to the Abbreviated Accounts | 3 |
Chris Eastwood Automotive Limited (Registered number: 03077064) |
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Abbreviated Balance Sheet |
30 April 2015 |
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30.4.15 | 30.4.14 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 2 |
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Tangible assets | 3 |
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Investment property | 4 |
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CURRENT ASSETS |
Debtors |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year | 5 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one
year |
5 |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital | 6 |
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Profit and loss account |
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SHAREHOLDERS' FUNDS |
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The directors acknowledge their responsibilities for: |
(a) |
ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies
Act 2006 and |
(b) |
preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
Chris Eastwood Automotive Limited (Registered number: 03077064) |
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Abbreviated Balance Sheet - continued |
30 April 2015 |
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The financial statements were approved by the Board of Directors on
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Chris Eastwood Automotive Limited (Registered number: 03077064) |
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Notes to the Abbreviated Accounts |
for the Year Ended 30 April 2015 |
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1. | ACCOUNTING POLICIES |
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Accounting convention |
The financial statements have been prepared under the historical cost convention as modified by the revaluation |
of certain assets and in accordance with the Financial Reporting Standard for Smaller Entities (effective April |
2008). |
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Turnover |
Turnover represents net invoiced sales of services excluding value added tax. |
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Tangible fixed assets |
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Plant and machinery etc | - |
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Investment property |
Investment properties which are defined as properties held either to earn rental income or for capital |
appreciation or both, are initially recognised at cost and are fair valued annually. Any gains or losses |
arising from a change in the fair value are recognised in the statement of total recognised gains and |
losses in the period that they occur through unrealised movement on revaluation of investment property. |
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No depreciation is provided in respect of investment properties. This treatment is a departure from the |
requirements of the Companies Act 2006 which requires all properties to be depreciated. However, the |
Directors consider that these properties are not held for consumption but for investment and that to |
depreciate them would not give a true and fair view. The amount of depreciation which might otherwise |
have been charged cannot be separately identified or quantified as it is not practical to assess the |
estimated useful lives for investment properties. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
sheet date. |
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Pensions |
The scheme and its assets are held by independent managers. The pension charge represents contributions due |
from the company and amounted to £3,140 (2014 - £3,140). |
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2. | INTANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 May 2014 |
and 30 April 2015 |
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AMORTISATION |
At 1 May 2014 |
and 30 April 2015 |
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NET BOOK VALUE |
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At 30 April 2015 |
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At 30 April 2014 |
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Chris Eastwood Automotive Limited (Registered number: 03077064) |
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Notes to the Abbreviated Accounts - continued |
for the Year Ended 30 April 2015 |
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3. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 May 2014 |
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Additions |
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At 30 April 2015 |
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DEPRECIATION |
At 1 May 2014 |
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Charge for year |
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At 30 April 2015 |
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NET BOOK VALUE |
At 30 April 2015 |
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At 30 April 2014 |
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4. | INVESTMENT PROPERTY |
Total |
£ |
COST OR VALUATION |
At 1 May 2014 |
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Revaluations |
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At 30 April 2015 |
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NET BOOK VALUE |
At 30 April 2015 |
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At 30 April 2014 |
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5. | CREDITORS |
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Creditors include an amount of £
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They also include the following debts falling due in more than five years: |
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30.4.15 | 30.4.14 |
£ | £ |
Repayable by instalments | 42,686 | 47,687 |
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6. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 30.4.15 | 30.4.14 |
value: | £ | £ |
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Ordinary shares | £1 |
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