Abbreviated Company Accounts - 1ST CHOICE CAR SPARES LIMITED

06618075 1ST CHOICE CAR SPARES LIMITED 2015-06-30 false 2014-07-01 2015-06-30 true 06618075 2014-07-01 2015-06-30 06618075 2015-06-30 06618075 2014-06-30 06618075 uk-gaap-cd-bus:Director1 2014-07-01 2015-06-30 06618075 uk-gaap-cd-bus:Director2 2014-07-01 2015-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-07-01 2015-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-06-30 uk-gaap-cd-bus:OrdinaryShareClass2 2014-07-01 2015-06-30 uk-gaap-cd-bus:OrdinaryShareClass2 2015-06-30 uk-gaap-cd-bus:OrdinaryShareClass2 2014-06-30 iso4217:GBP shares

Registered Number 06618075

1ST CHOICE CAR SPARES LIMITED

Abbreviated Accounts

30 June 2015

1ST CHOICE CAR SPARES LIMITED Registered Number 06618075

Abbreviated Balance Sheet as at 30 June 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	196,552	200,216
		196,552	200,216
Current assets
Stocks		53,148	37,178
Debtors		64,522	21,024
Cash at bank and in hand		7,731	15,756
		125,401	73,958
Creditors: amounts falling due within one year		(130,649)	(101,543)
Net current assets (liabilities)		(5,248)	(27,585)
Total assets less current liabilities		191,304	172,631
Provisions for liabilities		(6,921)	0
Total net assets (liabilities)		184,383	172,631
Capital and reserves
Called up share capital	3	6	4
Profit and loss account		184,377	172,627
Shareholders' funds		184,383	172,631

For the year ending 30 June 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 2 March 2016

And signed on their behalf by:
Mr Imran Mirza, Director

1ST CHOICE CAR SPARES LIMITED Registered Number 06618075

Notes to the Abbreviated Accounts for the period ended 30 June 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 chargeable, net of value added tax, in respect of the sale of goods and services to customers

Tangible assets depreciation policy
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
Land and Buildings 2% straight line
Motor Vehicle, Plant and Machinery, Fixtures and Office Equipment: 20% straight line

Valuation information and policy
Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks.

2Tangible fixed assets

	£
Cost
At 1 July 2014	243,751
Additions	16,459
Disposals	-
Revaluations	-
Transfers	-
At 30 June 2015	260,210
Depreciation
At 1 July 2014	43,535
Charge for the year	20,123
On disposals	-
At 30 June 2015	63,658
Net book values
At 30 June 2015	196,552
At 30 June 2014	200,216

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

	2015 £	2014 £
1 Ordinary share of £1 each	1	1
5 B Ordinary shares of £1 each (3 shares for 2014)	5	3