Company Registration No. 06324213 (England and Wales)
WEST COUNTRY LIMOS & CARS LIMITED
Unaudited accounts
for the year ended 31 July 2018
WEST COUNTRY LIMOS & CARS LIMITED
Unaudited accounts
Contents
WEST COUNTRY LIMOS & CARS LIMITED
Company Information
for the year ended 31 July 2018
Directors
Mr A Jones
Mr C Cottam
Company Number
06324213 (England and Wales)
Registered Office
UNIT 7/8, MATCHMILL BUSINESS PARK, NEWNH
PLYMPTON,
PLYMOUTH
PL7 4AW
ENGLAND
WEST COUNTRY LIMOS & CARS LIMITED
Statement of financial position
as at 31 July 2018
Intangible assets
2,731
20,001
Tangible assets
113,408
114,927
Cash at bank and in hand
41,166
42,697
Creditors: amounts falling due within one year
(65,616)
(95,988)
Net current assets/(liabilities)
4,016
(30,504)
Total assets less current liabilities
120,155
104,424
Creditors: amounts falling due after more than one year
(33,750)
(4,493)
Called up share capital
100
100
Profit and loss account
86,305
99,831
Shareholders' funds
86,405
99,931
For the year ending 31 July 2018 the company was entitled to exemption from audit 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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 26 April 2019.
Mr A Jones
Director
Company Registration No. 06324213
WEST COUNTRY LIMOS & CARS LIMITED
Notes to the Accounts
for the year ended 31 July 2018
WEST COUNTRY LIMOS & CARS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 06324213. The registered office is UNIT 7/8, MATCHMILL BUSINESS PARK, NEWNH, PLYMPTON,, PLYMOUTH, PL7 4AW, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% on written down value
Motor vehicles
10% on written down value
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
WEST COUNTRY LIMOS & CARS LIMITED
Notes to the Accounts
for the year ended 31 July 2018
4
Intangible fixed assets
Goodwill
Charge for the year
17,270
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 August 2017
3,000
283,417
286,417
At 31 July 2018
3,000
293,417
296,417
At 1 August 2017
2,831
168,659
171,490
Charge for the year
43
11,476
11,519
At 31 July 2018
2,874
180,135
183,009
At 31 July 2018
126
113,282
113,408
At 31 July 2017
169
114,758
114,927
Other debtors
26,180
22,332
7
Creditors: amounts falling due within one year
2018
2017
Obligations under finance leases and hire purchase contracts
7,500
8,986
Taxes and social security
156
1,030
Other creditors
57,960
85,972
WEST COUNTRY LIMOS & CARS LIMITED
Notes to the Accounts
for the year ended 31 July 2018
8
Creditors: amounts falling due after more than one year
2018
2017
Obligations under finance leases and hire purchase contracts
33,750
4,493
9
Average number of employees
During the year the average number of employees was 1 (2017: 1).
