The Carrosserie Company (UK) Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 04339376 (England and Wales)

The Carrosserie Company (UK) Limited

Abbreviated Unaudited Accounts for the Year Ended 31 December 2015

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

R W Francis

S Layton

SECRETARY:

R W Francis

REGISTERED OFFICE:

Carrosserie House

Harmire Enterprise Park

Harmire Road

Barnard Castle

Co. Durham

DL12 8XT

REGISTERED NUMBER:

04339376 (England and Wales)

ACCOUNTANTS:

Addison & Co.

Chartered Accountants

91 Galgate

Barnard Castle

Co Durham

DL12 8ES

FIXED ASSETS

Tangible assets

2

13,868

14,300

CURRENT ASSETS

Stocks

112,480

108,172

Debtors

15,385

24,806

Cash at bank and in hand

23,192

4,806

151,057

137,784

CREDITORS

Amounts falling due within one year

3

146,704

134,416

NET CURRENT ASSETS

4,353

3,368

TOTAL ASSETS LESS CURRENT LIABILITIES

18,221

17,668

PROVISIONS FOR LIABILITIES

2,395

2,399

NET ASSETS

15,826

15,269

CAPITAL AND RESERVES

Called up share capital

4

15,003

15,003

Retained earnings

823

266

SHAREHOLDERS' FUNDS

15,826

15,269

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2015 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 5 April 2016 and were signed on its behalf by:

S Layton - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015) and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

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

-

15% on reducing balance

Motor vehicles

-

20% on reducing balance

Computer equipment

-

33% on cost

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due

allowance for obsolete and slow moving items.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period

of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2015

61,071

Additions

2,400

At 31 December 2015

63,471

DEPRECIATION

At 1 January 2015

46,771

Charge for year

2,832

At 31 December 2015

49,603

NET BOOK VALUE

At 31 December 2015

13,868

At 31 December 2014

14,300

3.

CREDITORS

Creditors include an amount of £ 2,279 (31.12.14 - £ 37,482 ) for which security has been given.

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.15

31.12.14

value:

£

£

15,000

Ordinary

£1

15,000

15,000

3

Non-voting Preference

£1

3

3

15,003

15,003

5.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES