Registered Number 04859868

A & B GARAGE SERVICES LIMITED

Abbreviated Accounts

31 December 2015

A & B GARAGE SERVICES LIMITED Registered Number 04859868

Abbreviated Balance Sheet as at 31 December 2015

Notes 2015 2014
£ £
Fixed assets
Tangible assets 2 77 102
77 102
Current assets
Stocks 200 200
Debtors 23,675 11,875
Cash at bank and in hand 713 713
24,588 12,788
Creditors: amounts falling due within one year (33,593) (17,698)
Net current assets (liabilities) (9,005) (4,910)
Total assets less current liabilities (8,928) (4,808)
Total net assets (liabilities) (8,928) (4,808)
Capital and reserves
Called up share capital 2 2
Profit and loss account (8,930) (4,810)
Shareholders' funds (8,928) (4,808)
  • For the year ending 31 December 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 29 September 2016

And signed on their behalf by:
A Cowie, Director

A & B GARAGE SERVICES LIMITED Registered Number 04859868

Notes to the Abbreviated Accounts for the period ended 31 December 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 the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant Machinery - 25% reducing balance

2Tangible fixed assets
£
Cost
At 1 January 2015 2,929
Additions -
Disposals -
Revaluations -
Transfers -
At 31 December 2015 2,929
Depreciation
At 1 January 2015 2,827
Charge for the year 25
On disposals -
At 31 December 2015 2,852
Net book values
At 31 December 2015 77
At 31 December 2014 102