The Driveway Company (North West) Limited
|
Registered Number
:
07297779
|
For the year ended 30 June 2018
England and Wales
Unaudited Financial Statements
For the year ended 30 June 2018
The Driveway Company (North West) Limited
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
The Driveway Company (North West) Limited
Statement of Financial Position
2017
2018
Property
,
plant and equipment
|
55,015
19,758
2
55,015
19,758
Trade and other receivables
|
-
321
3
30,695
Cash and cash equivalents
|
36,874
37,195
30,695
Trade and other payables
:
amounts falling due within one
|
year
|
(44,495)
(86,671)
4
(13,800)
(49,476)
Net current liabilities
Total assets less current liabilities
|
5,539
5,958
5,539
Net assets
5,958
1
1
5,538
5,957
5,539
5,958
Shareholders' funds
For the year ended 30 June 2018 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
|
The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2018 in accordance with Section 476 of the Companies Act 2006
|
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
|
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
.
|
In accordance with Section
444
of the Companies Act
2006
,
the Income Statement has not been delivered
.
|
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
|
These financial statements were approved and authorised for issue by the Board on 21 March 2019 and were signed by:
|
The notes form part of these financial statements
|
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For the year ended 30 June 2018
The Driveway Company (North West) Limited
Notes to the Financial Statements
Statutory Information
The Driveway Company
(
North West
)
Limited is a private limited company
,
limited by shares
,
domiciled in England
|
and Wales
,
registration number
07297779
.
|
Principal place of business
:
|
2 Bury & Bolton Road
Radcliffe
Manchester
M26 4LD
103 Bradley House
Radcliffe Moor Road
Bolton
Lancs
BL2 6RT
The presentation currency is £ sterling
.
|
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section
1
A of Financial
|
Reporting Standard
102
'
The Financial Reporting Standard applicable in the UK and Republic of Ireland
'
and the
|
Companies Act
2006
.
The financial statements have been prepared under the historical costs convention as
|
modified by the revaluation of certain assets
.
|
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
|
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
|
Plant and machinery
Motor vehicles
Fixtures and fittings
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
|
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
|
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term. The finance element of the rental payment is charged to the profit and loss account on a straight line basis.
|
2 of 3
For the year ended 30 June 2018
The Driveway Company (North West) Limited
Notes to the Financial Statements Continued
2
.
Property
,
plant and equipment
|
Motor vehicles
32,654
4,381
22,375
5,898
52,975
-
52,975
-
5,898
75,350
4,381
85,629
Provision for depreciation and impairment
|
12,896
2,943
9,068
885
Charge for year
17,718
216
16,750
752
30,614
3,159
25,818
1,637
4,261
49,532
1,222
55,015
5,013
13,307
1,438
19,758
3
.
Trade and other receivables
|
2017
2018
321
-
4
.
Trade and other payables
:
amounts falling due within one year
|
2017
2018
1,861
5,863
Taxation and social security
|
7,797
7,403
77,013
31,229
86,671
44,495
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