Registered Number 05215413

HEREFORD COACH & COMMERCIAL REFINISHERS LIMITED

Abbreviated Accounts

31 August 2012

HEREFORD COACH & COMMERCIAL REFINISHERS LIMITED Registered Number 05215413

Abbreviated Balance Sheet as at 31 August 2012

Notes 2012 2011
£ £
Fixed assets
Intangible assets 2 1,600 2,400
Tangible assets 3 95,965 102,980
97,565 105,380
Current assets
Stocks 5,778 5,778
Debtors 44,743 60,873
50,521 66,651
Creditors: amounts falling due within one year (163,024) (162,785)
Net current assets (liabilities) (112,503) (96,134)
Total assets less current liabilities (14,938) 9,246
Total net assets (liabilities) (14,938) 9,246
Capital and reserves
Called up share capital 4 100 100
Profit and loss account (15,038) 9,146
Shareholders' funds (14,938) 9,246
  • For the year ending 31 August 2012 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 31 May 2013

And signed on their behalf by:
A P Mannion, Director

HEREFORD COACH & COMMERCIAL REFINISHERS LIMITED Registered Number 05215413

Notes to the Abbreviated Accounts for the period ended 31 August 2012

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.

The financial statements have been prepared on a going concern basis, due to the continued support of the directors.

Turnover policy
Turnover represents amounts receivable for goods net of VAT. Turnover is recognised when the goods are delivered to the customer.

Tangible assets depreciation policy
Tangible fixed assets other than freehold land are stated at cost less depreciation. Depreciation is
provided at rates calculated to write off the cost less estimated residual value of each asset over its
expected useful life, as follows:
Land and buildings Freehold 2% Cost
Land and buildings Leasehold 4% Cost
Plant and machinery 25% Net Book Value
Fixtures, fittings & equipment 25% Net Book Value
Motor vehicles 25% Net Book Value

Other accounting policies
Goodwill
Acquired goodwill is written off in equal instalments over its estimated useful economic life of 10 years.

Deferred taxation
Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

2Intangible fixed assets
£
Cost
At 1 September 2011 8,000
Additions -
Disposals -
Revaluations -
Transfers -
At 31 August 2012 8,000
Amortisation
At 1 September 2011 5,600
Charge for the year 800
On disposals -
At 31 August 2012 6,400
Net book values
At 31 August 2012 1,600
At 31 August 2011 2,400
3Tangible fixed assets
£
Cost
At 1 September 2011 186,140
Additions 475
Disposals -
Revaluations -
Transfers -
At 31 August 2012 186,615
Depreciation
At 1 September 2011 83,160
Charge for the year 7,490
On disposals -
At 31 August 2012 90,650
Net book values
At 31 August 2012 95,965
At 31 August 2011 102,980
4Called Up Share Capital
Allotted, called up and fully paid:
2012
£
2011
£
100 Ordinary shares of £1 each 100 100