063686012015-04-012016-03-31falsetruehttp://www.companieshouse.gov.uk/2015-03-31http://www.companieshouse.gov.uk/pt:PlantMachinery2015-03-31http://www.companieshouse.gov.uk/cd:Director12015-04-012016-03-31http://www.companieshouse.gov.uk/pt:PlantMachinery2016-03-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12015-04-012016-03-31http://www.companieshouse.gov.uk/pt:MotorCars2015-03-31http://www.companieshouse.gov.uk/pt:PlantMachinery2015-04-012016-03-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12016-03-31http://www.companieshouse.gov.uk/pt:MotorCars2016-03-31http://www.companieshouse.gov.uk/pt:PositiveGoodwill2015-03-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12015-03-31http://www.companieshouse.gov.uk/pt:PositiveGoodwill2016-03-31http://www.companieshouse.gov.uk/pt:MotorCars2015-04-012016-03-31http://www.companieshouse.gov.uk/pt:PositiveGoodwill2015-04-012016-03-31http://www.companieshouse.gov.uk/2014-04-012015-03-31http://www.companieshouse.gov.uk/2015-04-012016-03-31http://www.companieshouse.gov.uk/2015-03-31http://www.companieshouse.gov.uk/2016-03-31http://www.companieshouse.gov.uk/cd:EntityAccountantsOrAuditors2015-04-012016-03-31iso4217:GBPxbrli:sharesxbrli:pure

Registered number: 06368601

ABBEY TYRES (BISHOPS WALTHAM) LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

Prepared By:

D J Warren & Co.

Accountants

Seven Oaks

Clewers Hill

Waltham Chase

SO32 2LN

ABBEY TYRES (BISHOPS WALTHAM) LIMITED

ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 March 2016
INDEX TO THE ACCOUNTS
Abbreviated Balance Sheet		2
Notes to the Abbreviated Accounts		3
The company's registered number is 06368601

ABBEY TYRES (BISHOPS WALTHAM) LIMITED

Registered Number: 06368601
BALANCE SHEET AT 31 MARCH 2016
						2016				2015
		Notes				£				£
FIXED ASSETS
Tangible assets		3				20,782				25,455
CURRENT ASSETS
Stock				7,114				6,775
Debtors (amounts falling due within one year)				9,986				515
Cash at bank and in hand				7,001				8,755
				24,101				16,045
CREDITORS: Amounts falling due within one year				71,658				77,765
NET CURRENT LIABILITIES						(47,557)				(61,720)
TOTAL ASSETS LESS CURRENT LIABILITIES						(26,775)				(36,265)
CAPITAL AND RESERVES
Called up share capital		4				100				100
Profit and loss account						(26,875)				(36,365)
SHAREHOLDERS' FUNDS						(26,775)				(36,265)
For the year ending 31 March 2016 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 30 December 2016 and signed on their behalf by
David Walter TROTT
Director

ABBEY TYRES (BISHOPS WALTHAM) LIMITED

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

1. ACCOUNTING POLICIES

1a. Basis Of Accounting

The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1b. Cash Flow Statement

The Company is exempt from including a statement of cash flows in its accounts in accordance with Financial Reporting Standard for Smaller Entities (effective January 2015).

1c. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and Machinery		reducing balance 25%
Motor Cars		reducing balance 25%

1d. Stocks

Stock and work in progress are valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks.

1e. Turnover

Turnover represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts.

1f. Goodwill

Goodwill arising in connection with the acquisition of businesses is capitalised and amortised over its estimated economic life to a maximum of 20 years. Goodwill is reviewed annually for impairment if events or changes in circumstances indicate that the carrying value may not be recoverable.

2. INTANGIBLE FIXED ASSETS
		Purchased
		Goodwill		Total
		£		£
Cost
At 1 April 2015		5,000		5,000
At 31 March 2016		5,000		5,000
Depreciation
At 1 April 2015		5,000		5,000
At 31 March 2016		5,000		5,000
Net Book Amounts
At 31 March 2016		-		-

ABBEY TYRES (BISHOPS WALTHAM) LIMITED

3. TANGIBLE FIXED ASSETS
		Plant and
		Machinery		Motor Cars		Total
		£		£		£
Cost
At 1 April 2015		51,612		7,500		59,112
Additions		2,254		-		2,254
At 31 March 2016		53,866		7,500		61,366
Depreciation
At 1 April 2015		28,845		4,812		33,657
For the year		6,255		672		6,927
At 31 March 2016		35,100		5,484		40,584
Net Book Amounts
At 31 March 2016		18,766		2,016		20,782
At 31 March 2015		22,767		2,688		25,455

4. SHARE CAPITAL				2016		2015
				£		£
Allotted, issued and fully paid:
100 Ordinary shares of £1 each				100		100
				100		100