Registered number
07054735
A + B Caravans Limited
Abbreviated Accounts
30 October 2015
A + B Caravans Limited
Registered number: 07054735
Abbreviated Balance Sheet
as at 30 October 2015
Notes 2015 2014
£ £
Fixed assets
Tangible assets 2 1,658 781
Current assets
Stocks 65,952 23,532
Debtors 14,560 19,782
Cash at bank and in hand 1,674 2,879
82,186 46,193
Creditors: amounts falling due within one year (69,044) (47,333)
Net current assets/(liabilities) 13,142 (1,140)
Net assets/(liabilities) 14,800 (359)
Capital and reserves
Called up share capital 3 1 1
Profit and loss account 14,799 (360)
Shareholders' funds 14,800 (359)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
W Arnold
Director
Approved by the board on 26 July 2016
A + B Caravans Limited
Notes to the Abbreviated Accounts
for the year ended 30 October 2015
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Turnover
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and machinery 20% straight line
Motor vehicles 25% straight line
Stocks
Stock is valued at the lower of cost and net realisable value.
Deferred taxation
Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.
Foreign currencies
Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the balance sheet date. All differences are taken to the profit and loss account.
Leasing and hire purchase commitments
Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability.

The interest element of the rental obligations is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding.

Rentals paid under operating leases are charged to income on a straight line basis over the lease term.
Pensions
The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2 Tangible fixed assets £
Cost
At 31 October 2014 1,021
Additions 1,396
At 30 October 2015 2,417
Depreciation
At 31 October 2014 240
Charge for the year 519
At 30 October 2015 759
Net book value
At 30 October 2015 1,658
At 30 October 2014 781
3 Share capital Nominal 2015 2015 2014
value Number £ £
Allotted, called up and fully paid:
Ordinary shares £1 each 1 1 1
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