Registered Number 05727380

HI-LINE MOTORS LIMITED

Abbreviated Accounts

31 March 2014

HI-LINE MOTORS LIMITED Registered Number 05727380

Abbreviated Balance Sheet as at 31 March 2014

Notes 2014 2013
£ £
Fixed assets
Tangible assets 2 85,860 30,165
85,860 30,165
Current assets
Stocks 90,580 94,600
Debtors 24,468 12,018
Cash at bank and in hand 4,589 6,839
119,637 113,457
Creditors: amounts falling due within one year (96,229) (68,218)
Net current assets (liabilities) 23,408 45,239
Total assets less current liabilities 109,268 75,404
Creditors: amounts falling due after more than one year (68,722) (48,035)
Total net assets (liabilities) 40,546 27,369
Capital and reserves
Called up share capital 1 1
Profit and loss account 40,545 27,368
Shareholders' funds 40,546 27,369
  • For the year ending 31 March 2014 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 26 November 2014

And signed on their behalf by:
V Patel, Director

HI-LINE MOTORS LIMITED Registered Number 05727380

Notes to the Abbreviated Accounts for the period ended 31 March 2014

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 the total invoice value, excluding value added tax, of sales made during the year
and derives from the provision of goods falling within the company's ordinary activities.

Tangible assets depreciation policy
10% Reducing Balance

2Tangible fixed assets
£
Cost
At 1 April 2013 34,826
Additions 60,874
Disposals -
Revaluations -
Transfers -
At 31 March 2014 95,700
Depreciation
At 1 April 2013 4,661
Charge for the year 5,179
On disposals -
At 31 March 2014 9,840
Net book values
At 31 March 2014 85,860
At 31 March 2013 30,165