REGISTERED NUMBER: 03185631 (England and Wales)

Knowles Associates-Total Fleet

Management Limited

Abbreviated Unaudited Accounts

for the Year Ended

30 September 2015

Page

Company Information

1

Abbreviated Balance Sheet

2

to

3

Notes to the Abbreviated Accounts

4

to

5

DIRECTORS:

L J Cant

W A Knowles

Mrs J Knowles

C R Knowles

L J Walker

A Franklin

SECRETARY:

C R Knowles

REGISTERED OFFICE:

Red Lion House

The Green

Great Bentley

Colchester

Essex

CO7 8QG

REGISTERED NUMBER:

03185631 (England and Wales)

ACCOUNTANTS:

Haines Watts

Chartered Accountants

9 Byford Court

Crockatt Road

Hadleigh

Ipswich

Suffolk

IP7 6RD

FIXED ASSETS

Intangible assets

2

120,000

140,000

Tangible assets

3

1,023,790

332,485

1,143,790

472,485

CURRENT ASSETS

Stocks

245,721

235,242

Debtors

4

307,593

317,242

Cash at bank

187,405

725,400

740,719

1,277,884

CREDITORS

Amounts falling due within one year

(556,271

)

(445,945

)

NET CURRENT ASSETS

184,448

831,939

TOTAL ASSETS LESS CURRENT LIABILITIES

1,328,238

1,304,424

PROVISIONS FOR LIABILITIES

(23,481

)

-

NET ASSETS

1,304,757

1,304,424

CAPITAL AND RESERVES

Called up share capital

5

10,607

10,650

Share premium

-

69,288

Capital redemption reserve

43

-

Profit and loss account

1,294,107

1,224,486

SHAREHOLDERS' FUNDS

1,304,757

1,304,424

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2015 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 3 December 2015 and were signed on its behalf by:

C R Knowles - 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 April 2008).

Turnover

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

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of twenty years.

Tangible fixed assets

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

Freehold property

-

3% on cost

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

15% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme

are charged to the profit and loss account in the period to which they relate.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 October 2014

and 30 September 2015

416,000

AMORTISATION

At 1 October 2014

276,000

Amortisation for year

20,000

At 30 September 2015

296,000

NET BOOK VALUE

At 30 September 2015

120,000

At 30 September 2014

140,000

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 October 2014

568,062

Additions

752,921

At 30 September 2015

1,320,983

DEPRECIATION

At 1 October 2014

235,577

Charge for year

61,616

At 30 September 2015

297,193

NET BOOK VALUE

At 30 September 2015

1,023,790

At 30 September 2014

332,485

4.

DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

The aggregate total of debtors falling due after more than one year is £ 0 (2014 - £ 460 )

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

107

Ordinary

£1

107

150

Allotted and issued:

Number:

Class:

Nominal

2015

2014

value:

£

£

1,050,000

Share capital 2

£1

10,500

10,500

6.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 September 2015 and

30 September 2014:

2015

2014

£

£

C R Knowles

Balance outstanding at start of year

(198,469

)

(393,180

)

Amounts repaid

(173,374

)

194,711

Balance outstanding at end of year

(371,843

)

(198,469

)

The above Directors credit is unsecured, interest free and has no fixed repayment date.