Registered Number 06618075

1ST CHOICE CAR SPARES LIMITED

Abbreviated Accounts

30 June 2013

1ST CHOICE CAR SPARES LIMITED Registered Number 06618075

Abbreviated Balance Sheet as at 30 June 2013

Notes 2013 2012
£ £
Fixed assets
Tangible assets 2 143,607 145,151
143,607 145,151
Current assets
Stocks 37,178 38,541
Debtors 22,905 22,198
Cash at bank and in hand 24,809 20,896
84,892 81,635
Creditors: amounts falling due within one year (120,396) (96,611)
Net current assets (liabilities) (35,504) (14,976)
Total assets less current liabilities 108,103 130,175
Total net assets (liabilities) 108,103 130,175
Capital and reserves
Called up share capital 3 4 4
Profit and loss account 108,099 130,171
Shareholders' funds 108,103 130,175
  • For the year ending 30 June 2013 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 21 February 2014

And signed on their behalf by:
I MIRZA, Director

1ST CHOICE CAR SPARES LIMITED Registered Number 06618075

Notes to the Abbreviated Accounts for the period ended 30 June 2013

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.

Turnover policy
Turnover represents net invoices sales of goods, excluding value added tax

Tangible assets depreciation policy
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and Buildings: In accordance with the property
Plant and machinery etc: 155 reducing balance

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

2Tangible fixed assets
£
Cost
At 1 July 2012 162,189
Additions 8,434
Disposals 0
Revaluations 0
Transfers 0
At 30 June 2013 170,623
Depreciation
At 1 July 2012 17,038
Charge for the year 9,978
On disposals 0
At 30 June 2013 27,016
Net book values
At 30 June 2013 143,607
At 30 June 2012 145,151
3Called Up Share Capital
Allotted, called up and fully paid:
2013
£
2012
£
1 Ordinary share of £1 each 1 1
3 B Ordinary shares of £1 each 3 3