Sterling Vehicle Remarketing Ltd - Limited company - abbreviated - 11.9
Sterling Vehicle Remarketing Ltd - Limited company - abbreviated - 11.9
REGISTERED NUMBER: |
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: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
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 |
CREDITORS |
Amounts falling due within one year |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) | ( |
) |
CAPITAL AND RESERVES |
Called up share capital | 2 |
Profit and loss account | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
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 financial statements were approved by the director on |
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: | £ | £ |
Ordinary | 1 |
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. |
18 February 2016 |