whocanfixmycar.com Ltd - Period Ending 2013-11-30

whocanfixmycar.com Ltd - Period Ending 2013-11-30

WHOCANFIXMYCAR.COM LTD - Company Information

Print Friendly Version

whocanfixmycar.com Ltd 07455738 false true 2012-12-01 2013-11-30 2013-11-30 07455738 2012-12-01 2013-11-30 07455738 2013-11-30 07455738 uk-bus:Director2 2012-12-01 2013-11-30 07455738 uk-bus:EntityAccountantsOrAuditors 2012-12-01 2013-11-30 07455738 uk-gaap:DevelopmentCosts 2012-12-01 2013-11-30 07455738 uk-gaap:ComputerEquipment 2012-12-01 2013-11-30 07455738 uk-gaap:PlantMachinery 2012-12-01 2013-11-30 07455738 2012-11-30 07455738 2012-11-30 iso4217:GBP

Registration number: 07455738

whocanfixmycar.com Ltd

Unaudited Abbreviated Accounts

for the Year Ended 30 November 2013
 

GPC Financial Management Ltd

 

whocanfixmycar.com Ltd
Contents

Accountants' Report

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3 to 4

 

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4) have been prepared.

Chartered Management Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
whocanfixmycar.com Ltd
for the Year Ended 30 November 2013

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of whocanfixmycar.com Ltd for the year ended 30 November 2013 set out on pages from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Chartered Institute of Management Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.cimaglobal.com.

This report is made solely to the Board of Directors of whocanfixmycar.com Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of whocanfixmycar.com Ltd and state those matters that we have agreed to state to them, as a body, in this report in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at http://www.cimaglobal.com. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than whocanfixmycar.com Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that whocanfixmycar.com Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of whocanfixmycar.com Ltd. You consider that whocanfixmycar.com Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of whocanfixmycar.com Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

GPC Financial Management Ltd

29 August 2014

Page 1

 

whocanfixmycar.com Ltd
(Registration number: 07455738)
Abbreviated Balance Sheet at 30 November 2013

   

Note

    

2013
£

    

2012
£

  

Fixed assets

  

             

Intangible fixed assets

  

   

14,760

   

21,995

 

Tangible fixed assets

  

   

41

   

580

 
   

   

14,801

   

22,575

 

Current assets

  

             

Debtors

  

   

8,381

   

2,474

 

Cash at bank and in hand

  

   

8,008

   

6,412

 
   

   

16,389

   

8,886

 

Creditors: Amounts falling due within one year

  

   

(27,767)

   

(1,553)

 

Net current (liabilities)/assets

  

   

(11,378)

   

7,333

 

Net assets

  

   

3,423

   

29,908

 

Capital and reserves

  

             

Called up share capital

 

3

   

1,470

   

1,470

 

Share premium account

  

   

163,280

   

149,280

 

Profit and loss account

  

   

(161,327)

   

(120,842)

 

Shareholders' funds

  

   

3,423

   

29,908

 

For the year ending 30 November 2013 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 29 August 2014 and signed on its behalf by:

.........................................
Mr Ian Griffiths
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

 

whocanfixmycar.com Ltd
Notes to the Abbreviated Accounts for the Year Ended 30 November 2013
......... continued

1

Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Amortisation

Amortisation is provided on intangible fixed assets so as to write off the cost, less any estimated residual value, over their expected useful economic life as follows:

Asset class

Amortisation method and rate

Development costs

20% On cost

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class

Depreciation method and rate

Plant and machinery

33% On cost

Computer equipment

33% On cost

Research and development

Development expenditure incurred on an individual project is carried forward when its future recoverability can reasonably be regarded as assured. Any expenditure carried forward is amortised in line with the expected future sales from the related project.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Page 3

 

whocanfixmycar.com Ltd
Notes to the Abbreviated Accounts for the Year Ended 30 November 2013
......... continued

2

Fixed assets

   

Intangible assets
£

    

Tangible assets
£

    

Total
£

  

Cost

                  

At 1 December 2012

  

36,175

    

1,710

    

37,885

  

Additions

  

-

    

40

    

40

  

At 30 November 2013

  

36,175

    

1,750

    

37,925

  

Depreciation

                  

At 1 December 2012

  

14,180

    

1,130

    

15,310

  

Charge for the year

  

7,235

    

579

    

7,814

  

At 30 November 2013

  

21,415

    

1,709

    

23,124

  

Net book value

                  

At 30 November 2013

  

14,760

   

41

   

14,801

 

At 30 November 2012

  

21,995

   

580

   

22,575

 

3

Share capital

Allotted, called up and fully paid shares

 

2013

2012

   

No.

   

£

   

No.

   

£

 

Ordinary of £1 each

 

1,470

   

1,470

   

1,470

   

1,470

                         

Page 4