Abbreviated Company Accounts - ABERNETHY AUTOBODY REPAIRS LIMITED

04765399 ABERNETHY AUTOBODY REPAIRS LIMITED 2016-05-31 false 2015-06-01 2016-05-31 true 04765399 2015-06-01 2016-05-31 04765399 2016-05-31 04765399 2015-05-31 04765399 uk-gaap-cd-bus:Director1 2015-06-01 2016-05-31 04765399 uk-gaap-cd-bus:Director2 2015-06-01 2016-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-06-01 2016-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-05-31 iso4217:GBP shares

Registered Number 04765399

ABERNETHY AUTOBODY REPAIRS LIMITED

Abbreviated Accounts

31 May 2016

ABERNETHY AUTOBODY REPAIRS LIMITED Registered Number 04765399

Abbreviated Balance Sheet as at 31 May 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	101	160
		101	160
Current assets
Stocks		835	925
Debtors		4,944	1,280
Cash at bank and in hand		12,381	4,533
		18,160	6,738
Creditors: amounts falling due within one year		(14,062)	(12,769)
Net current assets (liabilities)		4,098	(6,031)
Total assets less current liabilities		4,199	(5,871)
Provisions for liabilities		(20)	(32)
Total net assets (liabilities)		4,179	(5,903)
Capital and reserves
Called up share capital	3	1,000	1,000
Profit and loss account		3,179	(6,903)
Shareholders' funds		4,179	(5,903)

For the year ending 31 May 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 20 February 2017

And signed on their behalf by:
C J ABERNETHY, Director

ABERNETHY AUTOBODY REPAIRS LIMITED Registered Number 04765399

Notes to the Abbreviated Accounts for the period ended 31 May 2016

1Accounting Policies

Basis of measurement and preparation of accounts
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 policy
Turnover represents net invoiced sales of goods, excluding VAT.

Tangible assets depreciation policy
Depreciation is provided, after taking account of any grants receivable, at the following annual rates in order to write off each asset over its estimated useful life:
Fixtures and fittings - 10% straight line
Office equipment - 10% straight line

Valuation information and policy
Stocks and work in progress 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 expenditure and an appropriate proportion of fixed and variable overheads.

2Tangible fixed assets

	£
Cost
At 1 June 2015	4,567
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 May 2016	4,567
Depreciation
At 1 June 2015	4,407
Charge for the year	59
On disposals	-
At 31 May 2016	4,466
Net book values
At 31 May 2016	101
At 31 May 2015	160

3Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
1,000 Ordinary shares of £1 each	1,000	1,000