Sterling Vehicle Remarketing Ltd - Limited company - abbreviated - 11.9

Sterling Vehicle Remarketing Ltd - Limited company - abbreviated - 11.9


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REGISTERED NUMBER: SC393177 (Scotland)















ABBREVIATED UNAUDITED ACCOUNTS

FOR THE PERIOD 1 MARCH 2014 TO 31 MARCH 2015

FOR

STERLING VEHICLE REMARKETING LTD

STERLING VEHICLE REMARKETING LTD (REGISTERED NUMBER: SC393177)

CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE PERIOD 1 MARCH 2014 TO 31 MARCH 2015










Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

Report of the Accountants 4

STERLING VEHICLE REMARKETING LTD

COMPANY INFORMATION
FOR THE PERIOD 1 MARCH 2014 TO 31 MARCH 2015







DIRECTOR: Stephen Feeley





REGISTERED OFFICE: 4 Polsons Crescent
Paisley
Renfrewshire
PA2 6AY





REGISTERED NUMBER: SC393177 (Scotland)





ACCOUNTANTS: J Gilmour Limited
Chartered Certified Accountants
24 Clydeview
Bothwell
Glasgow
Lanarkshire
G71 8NW

STERLING VEHICLE REMARKETING LTD (REGISTERED NUMBER: SC393177)

ABBREVIATED BALANCE SHEET
31 MARCH 2015

31.3.15 28.2.14
Notes £    £   
CURRENT ASSETS
Cash in hand 10 10

CREDITORS
Amounts falling due within one year 5,194 4,885
NET CURRENT LIABILITIES (5,184 ) (4,875 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(5,184
)
(4,875
)

CAPITAL AND RESERVES
Called up share capital 2 10 10
Profit and loss account (5,194 ) (4,885 )
SHAREHOLDERS' FUNDS (5,184 ) (4,875 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2015.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2015 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 18 February 2016 and were signed by:





Stephen Feeley - Director


STERLING VEHICLE REMARKETING LTD (REGISTERED NUMBER: SC393177)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE PERIOD 1 MARCH 2014 TO 31 MARCH 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).

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance
sheet date.

2. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.15 28.2.14
value: £    £   
10 Ordinary 1 10 10

3. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following loan from the director subsisted during the the period ended 31 March 2015 and the year ended 28
February 2014:


Stephen Feeley £
Balance outstanding at start of period 4,635
Balance outstanding at end of period 4,944
Maximum balance outstanding during period 4,944


The above balance, which is due to the director, is unsecured, interest free and has no
fixed repayment terms.

4. CONTROL

The director's beneficial interest in the issued share capital of the company is 100%. The director therefore
controls the company.

5. GOING CONCERN

At the balance sheet date, the company's liabilities exceeded its total assets by £5,184 In order to meet its day to
day working capital requirements, the company requires the continuing support of its creditors, bankers and
director.

The financial statements have been prepared on a going concern basis which assumes that the company will
continue in operational existence for the foreseeable future.

If the company was unable to continue in operational existence for the foreseeable future, adjustments would
have to be made to reduce the balance sheet values of assets to their recoverable amounts, to provide for further
liabilities that might arise.

The director believes that it is appropriate for the financial statements to be prepared on a going concern basis.

STERLING VEHICLE REMARKETING LTD

REPORT OF THE ACCOUNTANTS TO THE DIRECTOR OF
STERLING VEHICLE REMARKETING LTD


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

As described on the balance sheet you are responsible for the preparation of the financial statements for the period ended 31 March 2015 set out on pages two to three and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






J Gilmour Limited
Chartered Certified Accountants
24 Clydeview
Bothwell
Glasgow
Lanarkshire
G71 8NW


18 February 2016