Registered number
06794938
ABLE CAR AND VAN RENTALS
Abbreviated Accounts
31 December 2014
ABLE CAR AND VAN RENTALS
Registered number: 06794938
Abbreviated Balance Sheet
as at 31 December 2014
Notes 2014 2013
£ £
Fixed assets
Tangible assets 2 60,740 45,236
Current assets
Debtors 9,864 7,630
Cash at bank and in hand 6,117 3,758
15,981 11,388
Creditors: amounts falling due within one year (132) (1,568)
Net current assets 15,849 9,820
Total assets less current liabilities 76,589 55,056
Creditors: amounts falling due after more than one year (303,178) (267,657)
Net liabilities (226,589) (212,601)
Capital and reserves
Called up share capital 3 1 1
Profit and loss account (226,590) (212,602)
Shareholder's funds (226,589) (212,601)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
MOHAMMAD KHAN
Director
Approved by the board on 14 September 2015
ABLE CAR AND VAN RENTALS
Notes to the Abbreviated Accounts
for the year ended 31 December 2014
1 Accounting policies
Basis of preparation
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
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.
Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and machinery 20% straight line
Motor vehicles 25% straight line
2 Tangible fixed assets £
Cost
At 1 January 2014 124,207
Additions 36,727
Disposals (5,700)
At 31 December 2014 155,234
Depreciation
At 1 January 2014 78,971
Charge for the year 15,523
At 31 December 2014 94,494
Net book value
At 31 December 2014 60,740
At 31 December 2013 45,236
3 Share capital Nominal 2014 2014 2013
value Number £ £
Allotted, called up and fully paid:
Ordinary shares £1 each 1 1 1
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