Select Auto Systems Limited |
Registered number: |
06484955 |
Abbreviated Balance Sheet |
as at 30 June 2015 |
|
Notes |
|
|
2015 |
|
|
2014 |
£ |
£ |
Fixed assets |
Intangible assets |
2 |
|
|
13,600 |
|
|
15,300 |
Tangible assets |
3 |
|
|
3,693 |
|
|
4,924 |
|
|
|
|
17,293 |
|
|
20,224 |
|
Current assets |
Debtors |
|
|
9,251 |
|
|
9,270 |
|
Creditors: amounts falling due within one year |
|
|
(25,717) |
|
|
(28,862) |
|
Net current liabilities |
|
|
|
(16,466) |
|
|
(19,592) |
|
Net assets |
|
|
|
827 |
|
|
632 |
|
|
|
|
|
|
|
|
Capital and reserves |
Called up share capital |
4 |
|
|
100 |
|
|
100 |
Profit and loss account |
|
|
|
727 |
|
|
532 |
|
Shareholders' funds |
|
|
|
827 |
|
|
632 |
|
|
|
|
|
|
|
|
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. |
|
|
|
G Murray |
Director |
Approved by the board on 17 March 2016 |
|
Select Auto Systems Limited |
Notes to the Abbreviated Accounts |
for the year ended 30 June 2015 |
|
1 |
Accounting policies |
|
|
Basis of preparation |
|
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 |
|
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers. |
|
|
Depreciation |
|
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
|
|
Plant and machinery |
20% straight line |
|
Motor vehicles |
25% straight line |
|
|
2 |
Intangible fixed assets |
£ |
|
|
Cost |
|
At 1 July 2014 |
17,000 |
|
At 30 June 2015 |
17,000 |
|
|
|
|
|
|
|
|
Amortisation |
|
At 1 July 2014 |
1,700 |
|
Provided during the year |
1,700 |
|
At 30 June 2015 |
3,400 |
|
|
|
|
|
|
|
|
Net book value |
|
At 30 June 2015 |
13,600 |
|
At 30 June 2014 |
15,300 |
|
|
|
|
|
|
|
|
3 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 July 2014 |
16,343 |
|
At 30 June 2015 |
16,343 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 July 2014 |
11,419 |
|
Charge for the year |
1,231 |
|
At 30 June 2015 |
12,650 |
|
|
|
|
|
|
|
|
Net book value |
|
At 30 June 2015 |
3,693 |
|
At 30 June 2014 |
4,924 |
|
|
|
|
|
|
|
|
4 |
Share capital |
Nominal |
|
2015 |
|
2015 |
|
2014 |
value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares |
£1 each |
|
100 |
|
100 |
|
100 |
|
|
|
|
|
|
|
|
|