Registered Number 05920785

BRAUNSTON GARAGE LIMITED

Abbreviated Accounts

31 March 2014

BRAUNSTON GARAGE LIMITED Registered Number 05920785

Abbreviated Balance Sheet as at 31 March 2014

Notes 2014 2013
£ £
Fixed assets
Intangible assets 2 17,331 33,331
Tangible assets 3 3,504 3,972
20,835 37,303
Current assets
Stocks 5,501 5,501
Debtors 4,863 6,990
Cash at bank and in hand 106,258 91,219
116,622 103,710
Creditors: amounts falling due within one year (55,389) (64,884)
Net current assets (liabilities) 61,233 38,826
Total assets less current liabilities 82,068 76,129
Total net assets (liabilities) 82,068 76,129
Capital and reserves
Called up share capital 1 1
Profit and loss account 82,067 76,128
Shareholders' funds 82,068 76,129
  • 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 29 December 2014

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 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.

2Intangible fixed assets
£
Cost
At 1 April 2013 80,000
Additions -
Disposals -
Revaluations -
Transfers -
At 31 March 2014 80,000
Amortisation
At 1 April 2013 46,669
Charge for the year 16,000
On disposals -
At 31 March 2014 62,669
Net book values
At 31 March 2014 17,331
At 31 March 2013 33,331

Intangible Asset is Goodwill paid in Incorporation in 2006 and is being amortized evenly over its estimated useful life.

3Tangible fixed assets
£
Cost
At 1 April 2013 36,356
Additions 700
Disposals -
Revaluations -
Transfers -
At 31 March 2014 37,056
Depreciation
At 1 April 2013 32,384
Charge for the year 1,168
On disposals -
At 31 March 2014 33,552
Net book values
At 31 March 2014 3,504
At 31 March 2013 3,972