Clynnog and Trevor Motor Company Limited - Limited company - abbreviated - 11.6

Clynnog and Trevor Motor Company Limited - Limited company - abbreviated - 11.6


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REGISTERED NUMBER: 00121644(England and Wales)















Abbreviated Unaudited Accounts for the Year Ended 30 June 2015

for

Clynnog and Trevor Motor Company Limited

Clynnog and Trevor Motor Company Limited (Registered number: 00121644)






Contents of the Abbreviated Accounts
for the Year Ended 30 June 2015




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

Chartered Accountants' Report 6

Clynnog and Trevor Motor Company Limited

Company Information
for the Year Ended 30 June 2015







DIRECTORS: Mr J T Williams
Mr D C Jones
Mr E W Griffiths
Mr G R Parry





SECRETARY: Mrs I Williams





REGISTERED OFFICE: The Garage
Trefor
Caernarfon
Gwynedd
LL54 5HP





REGISTERED NUMBER: 00121644(England and Wales)





ACCOUNTANTS: Dunn & Ellis
Chartered Accountants
Adeilad St David's Building
Stryd Lombard Street
Porthmadog
Gwynedd
LL49 9AP

Clynnog and Trevor Motor Company Limited (Registered number: 00121644)

Abbreviated Balance Sheet
30 June 2015

30.6.15 30.6.14
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 - -
Tangible assets 3 1,833,555 1,562,235
1,833,555 1,562,235

CURRENT ASSETS
Stocks 10,700 10,700
Debtors 73,646 140,408
Cash at bank and in hand 15,115 2,000
99,461 153,108
CREDITORS
Amounts falling due within one year 424,633 453,606
NET CURRENT LIABILITIES (325,172 ) (300,498 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,508,383

1,261,737

CREDITORS
Amounts falling due after more than one
year

(878,040
)
(663,466
)

PROVISIONS FOR LIABILITIES (218,226 ) (179,144 )
NET ASSETS 412,117 419,127

CAPITAL AND RESERVES
Called up share capital 4 5,000 5,000
Share premium 3,213 3,213
Other reserves 551 551
Profit and loss account 403,353 410,363
SHAREHOLDERS' FUNDS 412,117 419,127

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2015 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.

Clynnog and Trevor Motor Company Limited (Registered number: 00121644)

Abbreviated Balance Sheet - continued
30 June 2015


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 24 August 2015and were signed on its behalf by:




Mr E W Griffiths- Director



Mr D C Jones- Director


Clynnog and Trevor Motor Company Limited (Registered number: 00121644)

Notes to the Abbreviated Accounts
for the Year Ended 30 June 2015

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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of two years.

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

Land and buildings - in accordance with the property
Plant and machinery etc - 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. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 July 2014
and 30 June 2015 15,000
AMORTISATION
At 1 July 2014
and 30 June 2015 15,000
NET BOOK VALUE

At 30 June 2015 -
At 30 June 2014 -

Clynnog and Trevor Motor Company Limited (Registered number: 00121644)

Notes to the Abbreviated Accounts - continued
for the Year Ended 30 June 2015

3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 July 2014 3,034,288
Additions 657,960
Disposals (89,740 )
At 30 June 2015 3,602,508
DEPRECIATION
At 1 July 2014 1,472,053
Charge for year 296,900
At 30 June 2015 1,768,953
NET BOOK VALUE
At 30 June 2015 1,833,555
At 30 June 2014 1,562,235

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.15 30.6.14
value: £    £   
10,000 Ordinary £0.50 5,000 5,000

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Clynnog and Trevor Motor Company Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual
unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to five)
have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the
financial statements of Clynnog and Trevor Motor Company Limited for the year ended 30 June 2015 which comprise
the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from
information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Clynnog and Trevor Motor Company Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Clynnog and Trevor Motor Company Limited and state those matters that we have agreed to state to the Board of Directors of Clynnog and Trevor Motor Company Limited, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Clynnog and Trevor Motor Company Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Clynnog and Trevor Motor Company Limited. You consider that Clynnog and Trevor Motor Company Limited 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 financial statements of Clynnog and Trevor Motor
Company Limited. 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
financial statements.






Dunn & Ellis
Chartered Accountants
Adeilad St David's Building
Stryd Lombard Street
Porthmadog
Gwynedd
LL49 9AP


Date: .............................................