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ABSOLUTELY CARS LTD




Company Registration Number:
06955771 (England and Wales)



Abbreviated (Unaudited) Accounts



Period of accounts


Start date: 01st April 2014

End date: 31st March 2015

SUBMITTED

ABSOLUTELY CARS LTD

Company Information
for the Period Ended 31st March 2015




Director: Tim Masters
Company secretary: Lynn Masters
Registered office: 1 Stenbury Way
Netley Abbey
Southampton
Hampshire
SO31 5PU
Company Registration Number: 06955771 (England and Wales)

ABSOLUTELY CARS LTD

Abbreviated Balance sheet
As at 31st March 2015

Notes 2015
£		 2014
£
Fixed assets
Tangible assets: 2 6,518 8,690
Total fixed assets: 6,518 8,690
Current assets
Stocks: 18,769 30,525
Cash at bank and in hand: 22,119 15,545
Total current assets: 40,888 46,070
Creditors
Creditors: amounts falling due within one year 50,256 51,152
Net current assets (liabilities): ( 9,368 ) ( 5,082 )
Total assets less current liabilities: ( 2,850 ) 3,608
Total net assets (liabilities): ( 2,850 ) 3,608

The notes form part of these financial statements

ABSOLUTELY CARS LTD

Abbreviated Balance sheet
As at 31st March 2015
continued

Notes 2015
£		 2014
£
Capital and reserves
Called up share capital: 3 2 2
Profit and Loss account: ( 2,852 ) 3,606
Total shareholders funds: ( 2,850 ) 3,608

For the year ending 31 March 2015 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 and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2008).

The financial statements were approved by the Board of Directors on 06 November 2015

SIGNED ON BEHALF OF THE BOARD BY:

Name: Tim Masters
Status: Director

The notes form part of these financial statements

ABSOLUTELY CARS LTD

Notes to the Abbreviated Accounts
for the Period Ended 31st March 2015

  • 1. Accounting policies

    Basis of measurement and preparation of accounts

    The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets and in accordance with the Financial Reporting Standard for reporting Standard for Smaller Entities (Effective April 2008)

    Turnover policy

    The turnover shown in the profit and loss account represents revenue recognised by the company in respect of goods and services supplied during the period, exclusive of Value Added Tax and trade discounts.

    Tangible fixed assets depreciation policy

    Depreciation is provided, at the following annual rates in order to write off each asset over its estimated useful life. Plant and Machinery - 25% on cost.

ABSOLUTELY CARS LTD

Notes to the Abbreviated Accounts
for the Period Ended 31st March 2015

  • 2. Tangible assets

    Total
    Cost £
    At 01st April 2014: 8,690
    At 31st March 2015: 8,690
    Depreciation
    Charge for year: 2,172
    At 31st March 2015: 2,172
    Net book value
    At 31st March 2015: 6,518
    At 31st March 2014: 8,690

ABSOLUTELY CARS LTD

Notes to the Abbreviated Accounts
for the Period Ended 31st March 2015

  • 3. Called up share capital

    Allotted, called up and paid

    Previous period 2014
    Class Number of shares Nominal value per share Total
    Ordinary shares: 2 1.00
    1.00
    		2
    Total share capital: 2
    Current period 2015
    Class Number of shares Nominal value per share Total
    Ordinary shares: 2 1.00
    1.00
    		2
    Total share capital: 2