Abbreviated Company Accounts - AUTO RESERVATION PLUS LIMITED

Abbreviated Company Accounts - AUTO RESERVATION PLUS LIMITED


Registered Number 05040025

AUTO RESERVATION PLUS LIMITED

Abbreviated Accounts

31 March 2015

AUTO RESERVATION PLUS LIMITED Registered Number 05040025

Abbreviated Balance Sheet as at 31 March 2015

Notes 2015 2014
£ £
Fixed assets
Tangible assets 2 193 241
193 241
Current assets
Debtors 882 882
Cash at bank and in hand 207 91
1,089 973
Creditors: amounts falling due within one year (29,212) (25,515)
Net current assets (liabilities) (28,123) (24,542)
Total assets less current liabilities (27,930) (24,301)
Total net assets (liabilities) (27,930) (24,301)
Capital and reserves
Called up share capital 3 2 2
Profit and loss account (27,932) (24,303)
Shareholders' funds (27,930) (24,301)
  • For the year ending 31 March 2015 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 21 December 2015

And signed on their behalf by:
Ms B Rayfield, Director

AUTO RESERVATION PLUS LIMITED Registered Number 05040025

Notes to the Abbreviated Accounts for the period ended 31 March 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.

In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.

Tangible assets depreciation policy
Fixed assets

All fixed assets are initially recorded at cost.

Depreciation

Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Equipment - 20% Reducing Balance

Other accounting policies
Financial instruments


Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either 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.

2Tangible fixed assets
£
Cost
At 1 April 2014 2,334
Additions -
Disposals -
Revaluations -
Transfers -
At 31 March 2015 2,334
Depreciation
At 1 April 2014 2,093
Charge for the year 48
On disposals -
At 31 March 2015 2,141
Net book values
At 31 March 2015 193
At 31 March 2014 241
3Called Up Share Capital
Allotted, called up and fully paid:
2015
£
2014
£
2Ordinary shares of £1 each 2 2