County Garage Repairs Ltd - Limited company - abbreviated - 11.0.0

County Garage Repairs Ltd - Limited company - abbreviated - 11.0.0


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REGISTERED NUMBER: SC313481(Scotland)















Abbreviated Accounts for the Year Ended 31 January 2014

for

County Garage Repairs Ltd

County Garage Repairs Ltd (Registered number: SC313481)






Contents of the Abbreviated Accounts
for the Year Ended 31 January 2014




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

County Garage Repairs Ltd

Company Information
for the Year Ended 31 January 2014







DIRECTORS: Derek McAndie
Mrs L McAndie





SECRETARY: Mrs L McAndie





REGISTERED OFFICE: Hospital Road
Ellon
Aberdeenshire
AB41 9AW





REGISTERED NUMBER: SC313481(Scotland)





ACCOUNTANTS: J M TAYLOR
7 Ythan Terrace
Ellon
Aberdeenshire
AB41 9LJ

County Garage Repairs Ltd (Registered number: SC313481)

Abbreviated Balance Sheet
31 January 2014

31.1.14 31.1.13
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 8,881 4,942

CURRENT ASSETS
Stocks 2,426 683
Debtors 2,709 2,035
Cash at bank and in hand 17,275 20,939
22,410 23,657
CREDITORS
Amounts falling due within one year 29,497 27,563
NET CURRENT LIABILITIES (7,087 ) (3,906 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,794

1,036

PROVISIONS FOR LIABILITIES 1,757 965
NET ASSETS 37 71

CAPITAL AND RESERVES
Called up share capital 3 10 10
Profit and loss account 27 61
SHAREHOLDERS' FUNDS 37 71

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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 20 August 2014and were signed on its behalf by:




Mrs L McAndie- Director


County Garage Repairs Ltd (Registered number: SC313481)

Notes to the Abbreviated Accounts
for the Year Ended 31 January 2014

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

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.

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 February 2013 12,535
Additions 6,900
At 31 January 2014 19,435
DEPRECIATION
At 1 February 2013 7,593
Charge for year 2,961
At 31 January 2014 10,554
NET BOOK VALUE
At 31 January 2014 8,881
At 31 January 2013 4,942

3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.14 31.1.13
value: £    £   
10 Ordinary 1.00 10 10

County Garage Repairs Ltd (Registered number: SC313481)

Notes to the Abbreviated Accounts - continued
for the Year Ended 31 January 2014

4. RELATED PARTY DISCLOSURES

During the year the directors' Mr Derek McAndie & Mrs Lynne McAndie advanced the company net amounts
totalling £3,880. This amount remained outstanding at 31/01/2014 and is included within Other creditors in the
notes to the accounts.

During the year the directors received net dividends, detailed below, from the company.

Mr Derek McAndie - £19,500
Mrs Lynne McAndie - £19,500

5. ULTIMATE CONTROLLING PARTY

During the year the company was controlled by the directors by virtue of their percentage holding in the ordinary
share capital of the company which is detailed below.

Mr Derek McAndie - 50%
Mrs Lynne McAndie - 50%