Classic Motoring Ltd - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 05303492 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 December 2014

for

Classic Motoring Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

Mrs A Denman

Mr S W Denman

SECRETARY:

Mr S W Denman

REGISTERED OFFICE:

Smilers Cottage

Brimpsfield

Gloucester

Gloucestershire

GL4 8LD

REGISTERED NUMBER:

05303492 (England and Wales)

ACCOUNTANTS:

Kingsly Accounting LLP

Kingsley House

Church Lane

Shurdington

Cheltenham

Gloucestershire

GL51 4TQ

FIXED ASSETS

Tangible assets

2

60,335

60,470

CURRENT ASSETS

Debtors

3,284

4,635

Cash at bank

1,745

1,579

5,029

6,214

CREDITORS

Amounts falling due within one year

7,175

8,463

NET CURRENT LIABILITIES

(2,146

)

(2,249

)

TOTAL ASSETS LESS CURRENT LIABILITIES

58,189

58,221

CAPITAL AND RESERVES

Called up share capital

3

2

2

Revaluation reserve

52,111

52,111

Profit and loss account

6,076

6,108

SHAREHOLDERS' FUNDS

58,189

58,221

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 21 May 2015 and were signed on its behalf by:

Mr S W Denman - 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.

Revenue is recognised on completion of each contract.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

No charge

Computer equipment

-

33% on reducing balance

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.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2014

and 31 December 2014

96,442

DEPRECIATION

At 1 January 2014

35,972

Charge for year

135

At 31 December 2014

36,107

NET BOOK VALUE

At 31 December 2014

60,335

At 31 December 2013

60,470

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.14

31.12.13

value:

£

£

2

Ordinary

£1

2

2