Sterling Vehicle Remarketing Ltd - Dormant company accounts 11.6

REGISTERED NUMBER: SC393177 (Scotland)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2014

FOR

STERLING VEHICLE REMARKETING LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Stephen Feeley

REGISTERED OFFICE:

4 Polsons Crescent

Paisley

Renfrewshire

PA2 6AY

REGISTERED NUMBER:

SC393177 (Scotland)

CURRENT ASSETS

Cash in hand

10

CREDITORS

Amounts falling due within one year

4,885

NET CURRENT LIABILITIES

(4,875

)

(4,875

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(4,875

)

(4,875

)

CAPITAL AND RESERVES

Called up share capital

2

10

Profit and loss account

(4,885

)

(4,885

)

SHAREHOLDERS' FUNDS

(4,875

)

(4,875

)

The company is entitled to exemption from audit under Section 480 of the Companies Act 2006 for the year ended 28 February 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

These financial statements 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 17 April 2015 and were signed by:

Stephen Feeley - 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).

The company was dormant throughout the year ended 28 February 2014. However, reference to information

relating to the year ended 28 February 2013 has been made where appropriate.

2.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

28.2.14

28.2.13

value:

£

10

Ordinary

1

10

3.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following loan from the director subsisted during the year ended 28 February 2014:

Stephen Feeley

£

Balance outstanding at start of period

4,635

Balance outstanding at end of period

4,635

Maximum balance outstanding during period

4,635

The above balance, which is due to the director, is unsecured, interest free and has no

fixed repayment terms.

4.

CONTROL

The director's beneficial interest in the issued share capital of the company is 100%. The director therefore

controls the company.

5.	GOING CONCERN

At the balance sheet date, the company's liabilities exceeded its total assets by £4,875. In order to meet its day to

day working capital requirements, the company requires the continuing support of its creditors, bankers and

director.

The financial statements have been prepared on a going concern basis which assumes that the company will

continue in operational existence for the foreseeable future.

If the company was unable to continue in operational existence for the foreseeable future, adjustments would

have to be made to reduce the balance sheet values of assets to their recoverable amounts, to provide for further

liabilities that might arise.

The director believes that it is appropriate for the financial statements to be prepared on a going concern basis.