REGISTERED NUMBER: 05666277 (England and Wales)

Abbreviated Accounts for the Year Ended 31 January 2015

for

ALL CAR SPARES LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

D Staples

REGISTERED OFFICE:

Unit 1

Flowers Hill Close

Brislington

Bristol

BS4 5LF

REGISTERED NUMBER:

05666277 (England and Wales)

ACCOUNTANTS:

West Country Accounting Services Limited

Chartered Accountants

Bristol

BS15 8DH

FIXED ASSETS

Tangible assets

2

21,266

27,371

CURRENT ASSETS

Stocks

64,893

68,633

Debtors

2,332

6,393

Cash at bank and in hand

14,356

(2,423

)

81,581

72,603

CREDITORS

Amounts falling due within one year

38,815

45,923

NET CURRENT ASSETS

42,766

26,680

TOTAL ASSETS LESS CURRENT LIABILITIES

64,032

54,051

CAPITAL AND RESERVES

Called up share capital

3

2

2

Profit and loss account

64,030

54,049

SHAREHOLDERS' FUNDS

64,032

54,051

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2015 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 15 October 2015 and were signed by:

D Staples - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on cost

Motor vehicles

-

25% on cost

Computer equipment

-

25% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and

slow moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

balance sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 February 2014

69,530

Additions

738

At 31 January 2015

70,268

DEPRECIATION

At 1 February 2014

42,159

Charge for year

6,843

At 31 January 2015

49,002

NET BOOK VALUE

At 31 January 2015

21,266

At 31 January 2014

27,371

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

2

Ordinary

1

2

2