Company Registration No. 02828113 (England and Wales)
A.B. HAMILTON MOTOR CO. LIMITED
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED
30 JUNE 2016
30 June 2016
A.B. HAMILTON MOTOR CO. LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
A.B. HAMILTON MOTOR CO. LIMITED
ABBREVIATED BALANCE SHEET
AS AT
30 JUNE 2016
30 June 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
438
11
Current assets
Stocks
-
97,000
Debtors
5,101
2,272
Cash at bank and in hand
87,089
65,077
92,190
164,349
Creditors: amounts falling due within one year
(75,210)
(158,871)
Net current assets
16,980
5,478
Total assets less current liabilities
17,418
5,489
Capital and reserves
Called up share capital
3
100
100
Profit and loss account
17,318
5,389
Shareholders'  funds
17,418
5,489
For the financial year ended 30 June 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 16 March 2017
Mr A B Hamilton
Mrs J A Hamilton
Director
Director
Company Registration No. 02828113
A.B. HAMILTON MOTOR CO. LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 JUNE 2016
- 2 -
1
Accounting policies
1.1
Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
Tangible fixed assets and depreciation
Tangible fixed assets 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:
Fixtures, fittings & equipment
25% straight line basis
Motor vehicles
25% straight line basis
1.5
Stock
Work in progress is valued at the lower of cost and net realisable value.
2
Fixed assets
Tangible assets
£
Cost
At 1 July 2015
26,013
Additions
584
At 30 June 2016
26,597
Depreciation
At 1 July 2015
26,002
Charge for the year
157
At 30 June 2016
26,159
Net book value
At 30 June 2016
438
At 30 June 2015
11
A.B. HAMILTON MOTOR CO. LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2016
- 3 -
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
100 Ordinary of £1 each
100
100
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