RPM AUTO SERVICE CENTRE LIMITED - Limited company - abbreviated

REGISTERED NUMBER: 08086794 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31st August 2014

for

RPM AUTO SERVICE CENTRE LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mr H M Feeny

Mr R I Mackwell

REGISTERED OFFICE:

74 Walkley Lane

Heckmondwike

West Yorkshire

WF16 0NL

REGISTERED NUMBER:

08086794 (England and Wales)

ACCOUNTANTS:

Harrison Blakeley Accountancy Limited

21 Church Street

Horbury

Wakefield

West Yorkshire

WF4 6LT

FIXED ASSETS

Intangible assets

2

15,667

17,667

Tangible assets

3

1,472

798

17,139

18,465

CURRENT ASSETS

Stocks

2,942

3,634

Debtors

3,685

3,910

Cash at bank and in hand

731

8,648

7,358

16,192

CREDITORS

Amounts falling due within one year

19,438

20,734

NET CURRENT LIABILITIES

(12,080

)

(4,542

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

5,059

13,923

CAPITAL AND RESERVES

Called up share capital

4

200

Profit and loss account

4,859

13,723

SHAREHOLDERS' FUNDS

5,059

13,923

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 directors acknowledge their 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 Board of Directors on 18th September 2014 and were signed on its
behalf by:

Mr R I Mackwell - 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2013, 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

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.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1st September 2013

and 31st August 2014

20,000

AMORTISATION

At 1st September 2013

2,333

Amortisation for year

2,000

At 31st August 2014

4,333

NET BOOK VALUE

At 31st August 2014

15,667

At 31st August 2013

17,667

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st September 2013

1,125

Additions

12,828

Disposals

(11,900

)

At 31st August 2014

2,053

DEPRECIATION

At 1st September 2013

327

Charge for year

502

Eliminated on disposal

(248

)

At 31st August 2014

581

NET BOOK VALUE

At 31st August 2014

1,472

At 31st August 2013

798

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/8/14

31/8/13

value:

£

200

Ordinary

£1

200

5.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 31st August 2014 and the

period ended 31st August 2013:

31/8/14

31/8/13

£

Mr R I Mackwell

Balance outstanding at start of year

25

-

Amounts advanced

-

25

Amounts repaid

(25

)

-

Balance outstanding at end of year

-

25