Abbreviated Company Accounts - UNIVERSAL AUTOMOBILE ENGINEERS LIMITED

Abbreviated Company Accounts - UNIVERSAL AUTOMOBILE ENGINEERS LIMITED

UNIVERSAL AUTOMOBILE ENGINEERS LIMITED - Company Information

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Registered Number 03616640

UNIVERSAL AUTOMOBILE ENGINEERS LIMITED

Abbreviated Accounts

31 August 2014

UNIVERSAL AUTOMOBILE ENGINEERS LIMITED Registered Number 03616640

Abbreviated Balance Sheet as at 31 August 2014

Notes 2014 2013
£ £
Fixed assets
Tangible assets 2 51,884 52,266
51,884 52,266
Current assets
Stocks 17,525 19,725
Debtors 1,094 1,904
Cash at bank and in hand 1,293 1,331
19,912 22,960
Creditors: amounts falling due within one year (26,546) (30,131)
Net current assets (liabilities) (6,634) (7,171)
Total assets less current liabilities 45,250 45,095
Creditors: amounts falling due after more than one year (11,758) (13,265)
Total net assets (liabilities) 33,492 31,830
Capital and reserves
Called up share capital 100 100
Profit and loss account 33,392 31,730
Shareholders' funds 33,492 31,830
  • For the year ending 31 August 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 22 May 2015

And signed on their behalf by:
M. A. Mohammed, Director

UNIVERSAL AUTOMOBILE ENGINEERS LIMITED Registered Number 03616640

Notes to the Abbreviated Accounts for the period ended 31 August 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.

Turnover policy
Turnover represents the value, net of value added tax, of goods and services provided to customers.

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and machinery 20% of reducing balances
Motor vehicles 25% of reducing balances

2Tangible fixed assets
£
Cost
At 1 September 2013 108,070
Additions 2,000
Disposals -
Revaluations -
Transfers -
At 31 August 2014 110,070
Depreciation
At 1 September 2013 55,804
Charge for the year 2,382
On disposals -
At 31 August 2014 58,186
Net book values
At 31 August 2014 51,884
At 31 August 2013 52,266