Abbreviated Company Accounts - TROPHY CARS LTD

07727124 TROPHY CARS LTD 2015-08-31 false 2014-09-01 2015-08-31 true 07727124 2014-09-01 2015-08-31 07727124 2015-08-31 07727124 2014-08-31 07727124 uk-gaap-cd-bus:Director1 2014-09-01 2015-08-31 07727124 uk-gaap-cd-bus:Director2 2014-09-01 2015-08-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-09-01 2015-08-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-08-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-08-31 iso4217:GBP shares

Registered Number 07727124

TROPHY CARS LTD

Abbreviated Accounts

31 August 2015

TROPHY CARS LTD Registered Number 07727124

Abbreviated Balance Sheet as at 31 August 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	22,138	11,000
		22,138	11,000
Current assets
Stocks		13,416	9,600
Debtors		-	350
Cash at bank and in hand		47,213	36,187
		60,629	46,137
Creditors: amounts falling due within one year		(47,201)	(36,539)
Net current assets (liabilities)		13,428	9,598
Total assets less current liabilities		35,566	20,598
Provisions for liabilities		(3,056)	-
Accruals and deferred income		(4,300)	(2,830)
Total net assets (liabilities)		28,210	17,768
Capital and reserves
Called up share capital	3	2	2
Profit and loss account		28,208	17,766
Shareholders' funds		28,210	17,768

For the year ending 31 August 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 27 May 2016

And signed on their behalf by:
Kevin Marks, Director

TROPHY CARS LTD Registered Number 07727124

Notes to the Abbreviated Accounts for the period ended 31 August 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
Turnover represents the total invoice value, excluding value added tax, of sales made during the year and derives from the provision of goods falling within the company's ordinary activities.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:-
Plant and machinery - 20% reducing balance
Motor vehicles - 25% reducing balance
Land and buildings - 20% reducing balance

Valuation information and policy
Stock
Stock is valued at the lower of cost and net realisable value.

2Tangible fixed assets

	£
Cost
At 1 September 2014	15,256
Additions	17,623
Disposals	-
Revaluations	-
Transfers	-
At 31 August 2015	32,879
Depreciation
At 1 September 2014	4,256
Charge for the year	6,485
On disposals	-
At 31 August 2015	10,741
Net book values
At 31 August 2015	22,138
At 31 August 2014	11,000

3Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
2 Ordinary shares of £1 each	2	2