CLARKSON COACHWAYS LTD,Ltd - Accounts

CLARKSON COACHWAYS LIMITED - Company Information

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CLARKSON COACHWAYS LTD

For the year ended 30 November 2015

Abbreviated Report and Financial Statements

England and Wales

Registered Number: 04752934

Contents Page

CLARKSON COACHWAYS LTD

For the year ended 30 November 2015

Accountants' Report

Balance Sheet

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Notes to the Abbreviated Financial Statements

CLARKSON COACHWAYS LTD

Accountants' Report

For the year ended 30 November 2015

As described on the balance sheet you are responsible for the preparation of the financial statements for the year

ended 30 November 2015 and you consider that the company is exempt from an audit under the Companies Act

2006.

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.

The Manex Partnership Limited

Incorporated Financial Accountants

54 Beacon Buildings

Leighswood Road

Aldridge

Walsall

WS9 8AA

25 August 2016

Dated:

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Abbreviated Balance Sheet

CLARKSON COACHWAYS LTD

As at 30 November 2015

04752934

Registered Number :

2015

Notes

2014

Fixed assets

Tangible assets

182,786

182,106

182,786

182,106

Current assets

Stocks

1,250

Debtors

57,208

156,712

Cash at bank and in hand

5,168

3,689

163,130

62,147

Creditors: amounts falling due within one year

(127,251)

(130,448)

(65,104)

32,682

Net current assets

Total assets less current liabilities

215,468

117,002

Creditors: amounts falling due after more than one year

(49,060)

(178,667)

(28,824)

(26,991)

Provisions for liabilities

7,977

Net assets

40,951

Capital and reserves

Called up share capital

100

Profit and loss account

7,877

40,851

7,977

40,951

Shareholders funds

For the year ended 30 November 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476;

2) 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.

Date approved by the board: 25 August 2016

Richard Hoban Director

Signed on behalf of the board of directors

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Notes to the Abbreviated Financial Statements

CLARKSON COACHWAYS LTD

For the year ended 30 November 2015

1 Accounting Policies

Basis of accounting

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents amounts receivable for services. Amounts receivable for services performed over time are based upon the stage of completion of the services performed.

Operating lease rentals

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

Finance lease and hire purchase charges

The finance element of the rental payment is charged to the profit and loss account on a straight line basis.

Deferred taxation

Deferred taxation arises when items are charged or credited in accounts in different periods to those in which they are included in the company's tax computations.Deferred tax is provided in full on timing differences that result in an obligation to pay more (or less) tax at a future date. Deferred tax is calculated at the average rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. The resulting deferred tax asset or liability is not discounted.

Dividends

Proposed dividends are only included as liabilities in the financial statements when their payment has been approved

by the shareholders prior to the balance sheet date.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Plant and Machinery

15% Straight line

Computer Equipment

33% Straight line

Motor Vehicles

15% Straight line

Assets on finance lease and hire purchase

Assets held under finance lease or hire purchase contracts i.e. those contracts where substantially all the risks and

rewards of ownership have passed to the company, are included in the appropriate category of tangible fixed assets

and depreciated over the shorter of the lease term and their estimated expected useful lives.

Future obligations under such contracts are included in creditors net of the finance charge allocated to future periods.

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Notes to the Abbreviated Financial Statements

CLARKSON COACHWAYS LTD

For the year ended 30 November 2015

Stocks

Stocks 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 costs and an appropriate proportion of fixed and variable overheads.

2 Tangible fixed assets

Tangible fixed

assets

Cost or valuation

535,214

At 01 December 2014

25,000

Additions

(1,875)

Disposals

At 30 November 2015

558,339

Depreciation

353,108

At 01 December 2014

(1,875)

Disposals

24,320

Charge for year

375,553

At 30 November 2015

Net book values

At 30 November 2015

182,786

182,106

At 30 November 2014

2015

3 Creditors: amounts falling due within one year

2014

12,661

Bank loans and overdrafts (secured)

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