REGISTERED NUMBER:
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ABBREVIATED UNAUDITED ACCOUNTS |
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FOR THE YEAR ENDED 31 MARCH 2016 |
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FOR |
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STATION VIEW GARAGE (DORKING) LIMITED |
REGISTERED NUMBER:
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ABBREVIATED UNAUDITED ACCOUNTS |
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FOR THE YEAR ENDED 31 MARCH 2016 |
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FOR |
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STATION VIEW GARAGE (DORKING) LIMITED |
STATION VIEW GARAGE (DORKING) LIMITED (REGISTERED NUMBER: 05176110) |
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CONTENTS OF THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 31 MARCH 2016 |
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Company Information | 1 |
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Abbreviated Balance Sheet | 2 |
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Notes to the Abbreviated Accounts | 4 |
STATION VIEW GARAGE (DORKING) LIMITED |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 31 MARCH 2016 |
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DIRECTORS: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
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STATION VIEW GARAGE (DORKING) LIMITED (REGISTERED NUMBER: 05176110) |
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ABBREVIATED BALANCE SHEET |
31 MARCH 2016 |
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31/3/16 | 31/3/15 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 2 |
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Tangible assets | 3 |
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CURRENT ASSETS |
Stocks |
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Debtors |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year |
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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 |
4 |
( |
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( |
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PROVISIONS FOR LIABILITIES | ( |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital | 5 |
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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. |
STATION VIEW GARAGE (DORKING) LIMITED (REGISTERED NUMBER: 05176110) |
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ABBREVIATED BALANCE SHEET - continued |
31 MARCH 2016 |
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The financial statements were approved by the Board of Directors on
by: |
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STATION VIEW GARAGE (DORKING) LIMITED (REGISTERED NUMBER: 05176110) |
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NOTES TO THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 31 MARCH 2016 |
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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 January |
2015). |
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Turnover |
Turnover represents net invoiced sales of goods and services, excluding value added tax. |
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Goodwill |
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Tangible fixed assets |
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Plant and machinery | - |
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Fixtures and fittings | - |
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Motor vehicles | - |
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Computer equipment | - |
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Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow |
moving items. |
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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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Hire purchase and leasing commitments |
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held |
under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases |
are depreciated over their estimated useful lives or the lease term, whichever is the shorter. |
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The interest element of these obligations is charged to the profit and loss account over the relevant period. The |
capital element of the future payments is treated as a liability. |
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Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the |
period of the lease. |
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Investment property |
According to the Financial Reporting Standard for Smaller Entities (effective January 2015), investment |
properties are revalued annually, where considered necessary, and the aggregate surplus or deficit is transferred |
to a revaluation reserve and no depreciation is provided in respect of long leasehold investment properties. |
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The Companies Act 2006 requires tangible fixed assets to be depreciated systematically over their estimated |
useful economic lives. However, investment properties are held for investment rather than consumption; the |
directors therefore consider that depreciation on a systematic basis would not be appropriate in this case and that |
the accounting policy adopted is necessary for the accounts to give a true and fair view. Depreciation is only one |
of the many factors reflected in the annual valuation and the amount which might otherwise have been shown |
cannot be separately identified or quantified. |
STATION VIEW GARAGE (DORKING) LIMITED (REGISTERED NUMBER: 05176110) |
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NOTES TO THE ABBREVIATED ACCOUNTS - continued |
FOR THE YEAR ENDED 31 MARCH 2016 |
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2. | INTANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 April 2015 |
and 31 March 2016 |
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AMORTISATION |
At 1 April 2015 |
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Amortisation for year |
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At 31 March 2016 |
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NET BOOK VALUE |
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At 31 March 2016 |
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At 31 March 2015 |
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3. | TANGIBLE FIXED ASSETS |
Total |
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COST |
At 1 April 2015 |
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Additions |
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At 31 March 2016 |
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DEPRECIATION |
At 1 April 2015 |
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Charge for year |
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At 31 March 2016 |
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NET BOOK VALUE |
At 31 March 2016 |
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At 31 March 2015 |
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4. | CREDITORS |
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Creditors include the following debts falling due in more than five years: |
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31/3/16 | 31/3/15 |
£ | £ |
Repayable by instalments | 81,723 | 104,337 |
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5. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31/3/16 | 31/3/15 |
value: | £ | £ |
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Ordinary | £1 |
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STATION VIEW GARAGE (DORKING) LIMITED (REGISTERED NUMBER: 05176110) |
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NOTES TO THE ABBREVIATED ACCOUNTS - continued |
FOR THE YEAR ENDED 31 MARCH 2016 |
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6. | ULTIMATE PARENT COMPANY |
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The ultimate parent company is Tripco (Holdings) Limited, which has a 70% interest in the company's issued |
share capital. |