Registered Number 02887491

ACE MOTORS (SOUTH ELMSALL) LIMITED

Abbreviated Accounts

31 January 2016

ACE MOTORS (SOUTH ELMSALL) LIMITED Registered Number 02887491

Abbreviated Balance Sheet as at 31 January 2016

Notes 2016 2015
£ £
Fixed assets
Intangible assets 2 33,305 33,305
Tangible assets 3 233,804 238,695
267,109 272,000
Current assets
Stocks 660 1,890
Debtors 822 3,623
Cash at bank and in hand 1,663 5,654
3,145 11,167
Creditors: amounts falling due within one year (38,423) (36,244)
Net current assets (liabilities) (35,278) (25,077)
Total assets less current liabilities 231,831 246,923
Creditors: amounts falling due after more than one year (181,536) (197,035)
Total net assets (liabilities) 50,295 49,888
Capital and reserves
Called up share capital 45,001 45,001
Profit and loss account 5,294 4,887
Shareholders' funds 50,295 49,888
  • For the year ending 31 January 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 21 October 2016

And signed on their behalf by:
Mr A Wilkinson, Director

ACE MOTORS (SOUTH ELMSALL) LIMITED Registered Number 02887491

Notes to the Abbreviated Accounts for the period ended 31 January 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 April 2008.

2Intangible fixed assets
£
Cost
At 1 February 2015 45,000
Additions -
Disposals -
Revaluations -
Transfers -
At 31 January 2016 45,000
Amortisation
At 1 February 2015 11,695
Charge for the year -
On disposals -
At 31 January 2016 11,695
Net book values
At 31 January 2016 33,305
At 31 January 2015 33,305
3Tangible fixed assets
£
Cost
At 1 February 2015 479,901
Additions 1,520
Disposals -
Revaluations -
Transfers -
At 31 January 2016 481,421
Depreciation
At 1 February 2015 241,206
Charge for the year 6,411
On disposals -
At 31 January 2016 247,617
Net book values
At 31 January 2016 233,804
At 31 January 2015 238,695