SEAFORTH RADIO CARS LTD
|
Registered number: |
05989748
|
Abbreviated Balance Sheet |
as at 31 December 2015
|
|
Notes |
|
|
2015 |
|
|
2014 |
£ |
£ |
Fixed assets |
Intangible assets |
2 |
|
|
870,000 |
|
|
870,000 |
Tangible assets |
3 |
|
|
55,476 |
|
|
73,968 |
|
|
|
|
925,476 |
|
|
943,968 |
|
Current assets |
Debtors |
|
|
291,296 |
|
|
235,353 |
Cash at bank and in hand |
|
|
158,196 |
|
|
194,671 |
|
|
|
449,492 |
|
|
430,024 |
|
Creditors: amounts falling due within one year |
|
|
(78,621) |
|
|
(76,639) |
|
Net current assets |
|
|
|
370,871 |
|
|
353,385 |
|
Total assets less current liabilities |
|
|
|
1,296,347 |
|
|
1,297,353 |
|
Creditors: amounts falling due after more than one year |
|
|
|
(4,836) |
|
|
(6,327) |
|
|
|
Net assets |
|
|
|
1,291,511 |
|
|
1,291,026 |
|
|
|
|
|
|
|
|
Capital and reserves |
Called up share capital |
4 |
|
|
1,454,500 |
|
|
1,454,500 |
Profit and loss account |
|
|
|
(162,989) |
|
|
(163,474) |
|
Shareholders' funds |
|
|
|
1,291,511 |
|
|
1,291,026 |
|
|
|
|
|
|
|
|
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
|
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
|
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
|
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
|
|
|
|
Mr L Evason |
Director |
Approved by the board on 25 February 2016
|
|
SEAFORTH RADIO CARS LTD
|
Notes to the Abbreviated Accounts |
for the year ended 31 December 2015
|
|
1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
|
|
|
Turnover |
|
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
|
|
|
Depreciation |
|
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
|
|
Plant and machinery |
25% reducing balance
|
|
Motor vehicles |
25% reducing balance
|
|
|
2 |
Intangible fixed assets |
£ |
|
|
Cost |
|
At 1 January 2015 |
870,000 |
|
At 31 December 2015 |
870,000 |
|
|
|
|
|
|
|
|
Amortisation |
|
At 31 December 2015 |
- |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 December 2015 |
870,000 |
|
At 31 December 2014 |
870,000 |
|
|
|
|
|
|
|
|
3 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 January 2015 |
841,247 |
|
Additions |
34,500 |
|
Disposals |
(34,500) |
|
At 31 December 2015 |
841,247 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 January 2015 |
767,279 |
|
Charge for the year |
18,492 |
|
At 31 December 2015 |
785,771 |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 December 2015 |
55,476 |
|
At 31 December 2014 |
73,968 |
|
|
|
|
|
|
|
|
4 |
Share capital |
Nominal |
|
2015 |
|
2015 |
|
2014 |
value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares
|
£1,454 each |
|
1,000 |
|
1,454,000 |
|
1,454,000 |
|
Preference shares
|
£5 each |
|
100 |
|
500 |
|
500 |
|
|
|
|
|
|
1,454,500 |
|
1,454,500 |
|
|
|
|
|
|
|
|
|