REGISTERED NUMBER: 06277579 (England and Wales)

Abbreviated Accounts

for the Year Ended 30 June 2016

for

Abbey Car Centre Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

S Patel

SECRETARY:

Mrs M K Rai

REGISTERED OFFICE:

The Oval

57 New Walk

Leicester

Leicestershire

LE1 7EA

REGISTERED NUMBER:

06277579 (England and Wales)

FIXED ASSETS

Tangible assets

2

7,533

9,003

CURRENT ASSETS

Stocks

56,235

55,262

Debtors

1,077

1,138

Cash in hand

363

603

57,675

57,003

CREDITORS

Amounts falling due within one year

3

333,093

278,163

NET CURRENT LIABILITIES

(275,418

)

(221,160

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(267,885

)

(212,157

)

CAPITAL AND RESERVES

Called up share capital

4

100

100

Profit and loss account

(267,985

)

(212,257

)

SHAREHOLDERS' FUNDS

(267,885

)

(212,157

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 30 March 2017 and were signed by:

S Patel - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover represents net invoiced sales of vehicles, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

20% on reducing balance

Computer equipment

-

20% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2015

and 30 June 2016

20,379

DEPRECIATION

At 1 July 2015

11,376

Charge for year

1,470

At 30 June 2016

12,846

NET BOOK VALUE

At 30 June 2016

7,533

At 30 June 2015

9,003

3.

CREDITORS

Creditors include an amount of £ 18,408 (30.6.15 - £ 17,051 ) for which security has been given.

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.6.16

30.6.15

value:

£

£

100

Ordinary

£1

100

100

5.	GOING CONCERN BASIS

The Company requires the continued support of director and shareholders loans to continue trading.

As described on pages 4 & 5, the director is responsible for preparing these accounts on a going concern basis

unless it is inappropriate to assume that the company will continue in business.

The director is of the opinion that the company is a going concern and the financial support required from the

director and shareholders will continue.