Registered Number 05920785

BRAUNSTON GARAGE LIMITED

Abbreviated Accounts

31 March 2013

BRAUNSTON GARAGE LIMITED Registered Number 05920785

Abbreviated Balance Sheet as at 31 March 2013

Notes 2013 2012
£ £
Fixed assets
Intangible assets 2 33,331 39,998
Tangible assets 3 3,972 7,946
37,303 47,944
Current assets
Stocks 5,501 5,501
Debtors 6,990 13,148
Cash at bank and in hand 91,219 54,006
103,710 72,655
Creditors: amounts falling due within one year (64,884) (50,844)
Net current assets (liabilities) 38,826 21,811
Total assets less current liabilities 76,129 69,755
Total net assets (liabilities) 76,129 69,755
Capital and reserves
Called up share capital 1 1
Profit and loss account 76,128 69,754
Shareholders' funds 76,129 69,755
  • For the year ending 31 March 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 24 December 2013

And signed on their behalf by:
Nigel Cockerill, Director

BRAUNSTON GARAGE LIMITED Registered Number 05920785

Notes to the Abbreviated Accounts for the period ended 31 March 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 comprises the invoiced value of goods and services net of VAT.

Tangible assets depreciation policy
Assets are depreciated at a rate of 25% per annum on a reducing balance basis.

Intangible assets amortisation policy
Goodwill is being amortised over a period of 12 years on a straight line basis.

2Intangible fixed assets
£
Cost
At 1 April 2012 80,000
Additions -
Disposals -
Revaluations -
Transfers -
At 31 March 2013 80,000
Amortisation
At 1 April 2012 40,002
Charge for the year 6,667
On disposals -
At 31 March 2013 46,669
Net book values
At 31 March 2013 33,331
At 31 March 2012 39,998
3Tangible fixed assets
£
Cost
At 1 April 2012 36,356
Additions -
Disposals -
Revaluations -
Transfers -
At 31 March 2013 36,356
Depreciation
At 1 April 2012 28,410
Charge for the year 3,974
On disposals -
At 31 March 2013 32,384
Net book values
At 31 March 2013 3,972
At 31 March 2012 7,946