Total Auto Services Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 05853580 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 30 September 2014

for

Total Auto Services Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mr J C Gerry

Mrs L K Gerry

REGISTERED OFFICE:

107 North Street

Martock

Somerset

TA12 6EJ

REGISTERED NUMBER:

05853580 (England and Wales)

ACCOUNTANTS:

Read & Co.

107 North Street

Martock

Somerset

TA12 6EJ

BANKERS:

Lloyds Bank

9 High Street

Yeovil

Somerset

BA20 1RN

FIXED ASSETS

Tangible assets

2

3,811

4,508

CURRENT ASSETS

Stocks

3,827

4,205

Debtors

43,076

27,625

Cash at bank and in hand

28,305

23,392

75,208

55,222

CREDITORS

Amounts falling due within one year

46,233

50,973

NET CURRENT ASSETS

28,975

4,249

TOTAL ASSETS LESS CURRENT LIABILITIES

32,786

8,757

CREDITORS

Amounts falling due after more than one year

(29,556

)

(5,797

)

PROVISIONS FOR LIABILITIES

(762

)

(901

)

NET ASSETS

2,468

2,059

CAPITAL AND RESERVES

Called up share capital

3

2

2

Profit and loss account

2,466

2,057

SHAREHOLDERS' FUNDS

2,468

2,059

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 22 June 2015 and were signed on its behalf by:

Mr J C Gerry - 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.

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 and 15% 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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 October 2013

and 30 September 2014

10,436

DEPRECIATION

At 1 October 2013

5,928

Charge for year

697

At 30 September 2014

6,625

NET BOOK VALUE

At 30 September 2014

3,811

At 30 September 2013

4,508

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.9.14

30.9.13

value:

£

£

2

Ordinary Class A

£1

2

2