Registered Number 04484239

ABBEY MOTOR FACTORS LIMITED

Abbreviated Accounts

31 October 2016

ABBEY MOTOR FACTORS LIMITED Registered Number 04484239

Abbreviated Balance Sheet as at 31 October 2016

Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 30,459 40,612
30,459 40,612
Current assets
Stocks 140,098 94,108
Debtors 184,168 156,647
Cash at bank and in hand 23,213 29,317
347,479 280,072
Creditors: amounts falling due within one year (228,489) (173,632)
Net current assets (liabilities) 118,990 106,440
Total assets less current liabilities 149,449 147,052
Creditors: amounts falling due after more than one year (19,849) (27,871)
Total net assets (liabilities) 129,600 119,181
Capital and reserves
Called up share capital 100 100
Profit and loss account 129,500 119,081
Shareholders' funds 129,600 119,181
  • For the year ending 31 October 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 30 January 2017

And signed on their behalf by:
I D Turner, Director

ABBEY MOTOR FACTORS LIMITED Registered Number 04484239

Notes to the Abbreviated Accounts for the period ended 31 October 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.

Turnover policy
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets over their expected useful life.

2Tangible fixed assets
£
Cost
At 1 November 2015 123,227
Additions -
Disposals -
Revaluations -
Transfers -
At 31 October 2016 123,227
Depreciation
At 1 November 2015 82,615
Charge for the year 10,153
On disposals -
At 31 October 2016 92,768
Net book values
At 31 October 2016 30,459
At 31 October 2015 40,612