County Garage Conversions Limited - Limited company - abbreviated

REGISTERED NUMBER: 06845209 (England and Wales)

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2014

FOR

COUNTY GARAGE CONVERSIONS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

J Henden

SECRETARY:

Mrs S Henden

REGISTERED OFFICE:

10 Beech Court

Wokingham Road

Hurst

Berkshire

RG10 0RQ

REGISTERED NUMBER:

06845209 (England and Wales)

ACCOUNTANTS:

Vernon Associates

10 Beech Court

Wokingham Road

Hurst

Berkshire

RG10 0RQ

FIXED ASSETS

Intangible assets

2

20,000

24,000

Tangible assets

3

2,729

3,639

22,729

27,639

CURRENT ASSETS

Debtors

36,700

15,072

Cash in hand

100

36,800

15,172

CREDITORS

Amounts falling due within one year

41,011

39,710

NET CURRENT LIABILITIES

(4,211

)

(24,538

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

18,518

3,101

CAPITAL AND RESERVES

Called up share capital

4

100

Profit and loss account

18,418

3,001

SHAREHOLDERS' FUNDS

18,518

3,101

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 14 July 2014 and were signed by:

J Henden - 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 and services, excluding value added tax. Revenue is recognised

when the goods and services have been supplied and the company has a right to the income.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of ten years.

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 reducing balance

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.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2013

and 31 March 2014

40,000

AMORTISATION

At 1 April 2013

16,000

Amortisation for year

4,000

At 31 March 2014

20,000

NET BOOK VALUE

At 31 March 2014

20,000

At 31 March 2013

24,000

3.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

COST

At 1 April 2013

and 31 March 2014

990

3,896

742

5,628

DEPRECIATION

At 1 April 2013

589

974

426

1,989

Charge for year

100

731

79

910

At 31 March 2014

689

1,705

505

2,899

NET BOOK VALUE

At 31 March 2014

301

2,191

237

2,729

At 31 March 2013

401

2,922

316

3,639

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

100

Ordinary

£1

100