Registered Number 03004276

ABM MOTORS LIMITED

Abbreviated Accounts

31 December 2015

ABM MOTORS LIMITED Registered Number 03004276

Abbreviated Balance Sheet as at 31 December 2015

Notes 2015 2014
£ £
Fixed assets
Tangible assets 2 56,788 58,305
56,788 58,305
Current assets
Stocks 8,365 5,340
Debtors 13,000 16,295
21,365 21,635
Creditors: amounts falling due within one year (28,056) (29,697)
Net current assets (liabilities) (6,691) (8,062)
Total assets less current liabilities 50,097 50,243
Creditors: amounts falling due after more than one year (4,181) (4,181)
Total net assets (liabilities) 45,916 46,062
Capital and reserves
Called up share capital 3 1,000 1,000
Profit and loss account 44,916 45,062
Shareholders' funds 45,916 46,062
  • For the year ending 31 December 2015 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 31 October 2016

And signed on their behalf by:
MICHAEL ASARE, Director

ABM MOTORS LIMITED Registered Number 03004276

Notes to the Abbreviated Accounts for the period ended 31 December 2015

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 April 2008.

Turnover policy
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

Tangible assets depreciation policy
Tangible fixed assets other than freehold land are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Land and buildings Freehold - Straight line over fifty years
Plant and machinery - 25% on straight line basis

2Tangible fixed assets
£
Cost
At 1 January 2015 94,599
Additions 1,220
Disposals -
Revaluations -
Transfers -
At 31 December 2015 95,819
Depreciation
At 1 January 2015 36,294
Charge for the year 2,737
On disposals -
At 31 December 2015 39,031
Net book values
At 31 December 2015 56,788
At 31 December 2014 58,305
3Called Up Share Capital
Allotted, called up and fully paid:
2015
£
2014
£
1,000 Ordinary shares of £1 each 1,000 1,000