Registration number:
Unaudited Abbreviated Accounts
for the Period from
Blue Edge Garages Limited
Contents
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The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 5 ) have been prepared.
Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Blue Edge Garages Limited
for the Period Ended 31 March 2016
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Blue Edge Garages Limited for the period ended 31 March 2016 set out on pages 4 to 10 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW) , we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/members/regulations-standards-and-guidance/ .
This report is made solely to the Board of Directors of Blue Edge Garages Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Blue Edge Garages Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Blue Edge Garages Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Blue Edge Garages Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Blue Edge Garages Limited. You consider that Blue Edge Garages Limited is exempt from the statutory audit requirement for the period.
We have not been instructed to carry out an audit or a review of the accounts of Blue Edge Garages Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
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Condy Mathias
Chartered Accountants
3 Atlas House
West Devon Business Park
Tavistock
Devon
PL19 9DP
23 November 2016
Blue Edge Garages Limited
(Registration number: 09457567)
Abbreviated Balance Sheet at 31 March 2016
Note |
31 March 2016
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Fixed assets |
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Tangible fixed assets |
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Current assets |
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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 |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
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Shareholders' funds |
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2
Blue Edge Garages Limited
(Registration number: 09457567)
Abbreviated Balance Sheet at 31 March 2016
......... continued
Approved by the director on
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Mr A J R Kemp
Director
3
Blue Edge Garages Limited
Notes to the Abbreviated Accounts for the Period from 25 February 2015 to 31 March 2016
......... continued
Accounting policies |
Basis of preparation
Turnover
Depreciation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
Asset class |
Depreciation method and rate |
Plant and machinery |
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Motor vehicles |
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Office equipment |
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Stock
Hire purchase and leasing
Financial instruments
Blue Edge Garages Limited
Notes to the Abbreviated Accounts for the Period from 25 February 2015 to 31 March 2016
......... continued
Fixed assets |
Tangible assets
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Total
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Cost |
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Additions |
42,263 |
42,263 |
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Disposals |
(3,083) |
(3,083) |
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At 31 March 2016 |
39,180 |
39,180 |
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Depreciation |
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Charge for the period |
9,796 |
9,796 |
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At 31 March 2016 |
9,796 |
9,796 |
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Net book value |
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At 31 March 2016 |
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Share capital |
Allotted, called up and fully paid shares
31 March 2016 |
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No. |
£ |
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New shares allotted
During the period
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Related party transactions |
Control
The company is under the ultimate control of Mr Kemp by virtue of his controlling shareholding in the company.
Director's loan
During the period the company made advances totalling £97,430 to the director. This amount was cleared by capital introduced paid throughout the period.