Company Registration number 8775763
CAR COSMETICS LTD
Abbreviated Accounts
For the year ended 30 November 2016
CAR COSMETICS LTD
Financial statements for the year ended 30 November 2016
Contents
Pages
Balance sheet
1
Notes to the financial statements
2-3
CAR COSMETICS LTD
Abbreviated balance sheet as at 30 November 2016
2016
2015
Notes
£
£
£
£
£
£
Fixed assets
Tangible assets
11,367
14,707
2
Current assets
Debtors
66,755
56,317
Cash at bank and in hand
12,503
17,686
79,258
74,003
Creditors:
amounts falling due within one year
(52,657)
(43,371)
Suspense
-
(3)
Net current assets
26,601
30,629
Total assets less current liabilities
37,968
45,336
Creditors: amounts falling due after more than one
year
(6,300)
3
37,968
39,036
Capital and reserves
Called up share capital
2
2
4
Profit and loss account
37,966
39,034
Shareholder's funds
37,968
39,036
These accounts have been prepared in accordance with the provisions available to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and with the Financial Reporting Standard for Smaller Entities (effective April 2008).
For the financial year ended 30 November 2016 the company was entitled to exemption from 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 Companies Act 2006.
The director acknowledges his responsibilities for ensuring that the company keeps accounting records which comply with section 386 of the Act and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and if its profit or loss for the 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 accounts, so far as applicable to the company.
Approved by the board of directors on 25 May 2017 and signed on its behalf.
__________________________ Terry Bore - Director
Company Registration No: 8775763
The notes on pages 2 to 3 form part of these financial statements.
1
CAR COSMETICS LTD
Notes to the abbreviated accounts for the year ended 30 November 2016
1
Accounting policies
a)
Basis of accounting
The financial statements are prepared on the historical cost basis of accounting and have been prepared in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
The company has taken advantage of the exemption, conferred by Financial Reporting Standard 1, from presenting a cash flow statement as it qualifies as a small company.
b)
Turnover
Turnover represents net invoiced sales of goods and services, excluding value added tax.
c)
Depreciation of tangible fixed assets
Depreciation is provided on all tangible fixed assets at rates calculated to write off the full cost or valuation less estimated residual value of each asset over its estimated useful life. The principal rates in use are:
Motor vehicles
25% reducing balance
Equipment, fixtures and fittings
25% reducing balance
Plant and machinery
25% reducing balance
Computer equipment
25% reducing balance
2
Fixed assets
Tangible
fixed
assets
£
£
£
Cost:
At 1 December 2015
21,169
Additions
450
At 30 November 2016
21,619
Depreciation:
At 1 December 2015
6,463
Provision for the year
3,789
At 30 November 2016
10,252
Net book value:
At 30 November 2016
11,367
At 30 November 2015
14,706
3
Creditors: amounts falling due after more than one year
2016
2015
£
£
£
£
£
£
Debenture loan
-
6,300
2
CAR COSMETICS LTD
Notes to the abbreviated accounts for the year ended 30 November 2016
(continued)
4
Called-up share capital
2016
2015
£
£
£
£
£
£
Allotted, called up and fully paid
Equity shares:
Ordinary shares of £1 each
2
2
3