ABBEY EXECUTIVE CARS LIMITED |
For the period ended 31 August 2013
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 03458167
ABBEY EXECUTIVE CARS LIMITED
For the period ended 31 August 2013
1
Accountants' Report
2
Balance Sheet
3 to 4
Notes to the Abbreviated Financial Statements
ABBEY EXECUTIVE CARS LIMITED
Accountants' Report
For the period ended 31 August 2013
As described on the balance sheet you are responsible for the preparation of the financial statements for the period |
ended 31 August 2013 and you consider that the company is exempt from an audit under the Companies Act 2006. |
In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you |
to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us. |
JEFF LEROUX AND CO
GRANGE FARM
GRANGE ROAD
NORTHWAY
TEWKESBURY
GL20 8HZ
09 September 2013
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Abbreviated Balance Sheet |
ABBEY EXECUTIVE CARS LIMITED
2013
2013
2
-
42,170
-
42,170
8,916
-
16,720
73,794
16,720
82,710
Creditors: amounts falling due within one year |
(25,755)
(16,445)
56,955
275
Net current assets
Total assets less current liabilities |
275
99,125
275
Net assets
99,125
100
3
100
175
99,025
275
99,125
Shareholders funds
For the period ended 31 August 2013 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. |
Director responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476, |
2) The director acknowledges his 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. |
Date approved by the board: 09 September 2013 |
MRS JANET COOPER Director |
Signed on behalf of the board of directors |
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Notes to the Abbreviated Financial Statements |
ABBEY EXECUTIVE CARS LIMITED
For the period ended 31 August 2013
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008). |
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. |
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Proposed dividends are only included as liabilities in the financial statements when their payment has been approved |
by the shareholders prior to the balance sheet date. |
Where preference shares are classed as liabilities rather than equity any preference dividends paid are included in |
interest payable and similar charges within the profit and loss account. |
Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the |
estimated expected useful economic life of the goodwill of 0 years. |
Licences and patents are stated at cost less amortisation. Amortisation of licences is calculated on a straight line |
basis over the life of the licence. Amortisation of patents is calculated on a straight line basis over the estimated |
expected useful economic life of the patents of 0 years. |
Research and development expenditure is charged to the profit and loss account in the period in which it is incurred. |
However, where the directors are satisfied as to the technical, commercial and financial viability of individual projects, |
development expenditure is deferred and amortised over 0 years during which the company is expected to benefit. |
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
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Notes to the Abbreviated Financial Statements |
ABBEY EXECUTIVE CARS LIMITED
For the period ended 31 August 2013
58,155
(58,155)
-
15,985
(15,985)
-
-
42,170
Depreciation of fixed assets is calculated to write off their cost or valuation less any residual value over their estimated lives |
Allotted called up and fully paid |
2013
2013
100 Class A shares of £1.00 each |
100
100
100
100
4 of 4