Clayton Brook Garages Limited - Limited company - abbreviated

REGISTERED NUMBER: 03180553 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31st August 2014

for

Clayton Brook Garages Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

Mr A J Walters

SECRETARY:

Mrs J M Walters

REGISTERED OFFICE:

129 Fossdale Moss

Leyland

Preston

Lancashire

PR26 7AS

REGISTERED NUMBER:

03180553 (England and Wales)

ACCOUNTANTS:

Stephen Andrews & Co Limited

186 Eaves Lane

Chorley

Lancashire

PR6 0AU

FIXED ASSETS

Tangible assets

2

3,743

2,649

CURRENT ASSETS

Stocks

1,947

1,867

Debtors

5,939

8,102

Cash at bank and in hand

17,646

12,554

25,532

22,523

CREDITORS

Amounts falling due within one year

18,016

15,170

NET CURRENT ASSETS

7,516

7,353

TOTAL ASSETS LESS CURRENT
LIABILITIES

11,259

10,002

CAPITAL AND RESERVES

Called up share capital

3

Profit and loss account

11,256

9,999

SHAREHOLDERS' FUNDS

11,259

10,002

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st August 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st August 2014 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections
394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial
statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 17th October 2014 and were signed by:

Mr A J Walters - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on cost and 10% on cost

Stocks

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

moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st September 2013

38,220

Additions

2,257

At 31st August 2014

40,477

DEPRECIATION

At 1st September 2013

35,571

Charge for year

1,163

At 31st August 2014

36,734

NET BOOK VALUE

At 31st August 2014

3,743

At 31st August 2013

2,649

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.8.14

31.8.13

value:

£

2

Ordinary

£1

2

1

"B"

£1

1

3