2013-04-01 false false Private Limited Company 03458167 2013-08-31 03458167 2013-04-01 2013-08-31 03458167 2013-03-31 03458167 2012-04-01 2013-03-31 03458167 uk-bus:Director1 2013-04-01 2013-08-31 03458167 uk-bus:OrdinaryShareClass1 2013-08-31 iso4217:GBP
ABBEY EXECUTIVE CARS LIMITED
For the period ended 31 August 2013
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 03458167
2
Contents Page
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
3
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
Dated:
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4
Abbreviated Balance Sheet
ABBEY EXECUTIVE CARS LIMITED
As at 31 August 2013
03458167
Registered Number :
£
£
2013
2013
Notes
Fixed assets
Tangible assets
2
-
42,170
-
42,170
Current assets
Debtors
8,916
-
Cash at bank and in hand
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
Capital and reserves
Called up share capital
100
3
100
Profit and loss account
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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5
Notes to the Abbreviated Financial Statements
ABBEY EXECUTIVE CARS LIMITED
For the period ended 31 August 2013
1 Accounting Policies
Basis of accounting
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
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Operating lease rentals
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Dividends
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.
Preference dividends
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.
Goodwill
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
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.
Development expenditure
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
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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6
Notes to the Abbreviated Financial Statements
ABBEY EXECUTIVE CARS LIMITED
For the period ended 31 August 2013
2 Tangible fixed assets
Tangible fixed
assets
Cost or valuation
£
58,155
At 01 April 2013
(58,155)
Disposals
At 31 August 2013
-
Depreciation
15,985
At 01 April 2013
(15,985)
Disposals
-
At 31 August 2013
Net book values
At 31 August 2013
-
42,170
At 31 March 2013
Depreciation of fixed assets is calculated to write off their cost or valuation less any residual value over their estimated lives
3 Share capital
Allotted called up and fully paid
2013
2013
£
£
100 Class A shares of £1.00 each
100
100
100
100
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