M P MOTORS (RENTAL) LIMITED - Abbreviated accounts 16.1

REGISTERED NUMBER: 04583953 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 NOVEMBER 2015

FOR

M P MOTORS (RENTAL) LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mr M S Cheema

Mr P Toor

REGISTERED OFFICE:

24 Bedford Road

Northwood

Middlesex

HA6 2AZ

REGISTERED NUMBER:

04583953 (England and Wales)

ACCOUNTANTS:

Dawn & Co.

Chartered Certified Accountants

35A High Street

Ruislip

Middlesex

HA4 7AU

FIXED ASSETS

Intangible assets

2

16,521

Tangible assets

3

1,858,997

1,151,695

1,875,518

1,168,216

CURRENT ASSETS

Debtors

42,843

79,795

Cash in hand

480

43,323

80,275

CREDITORS

Amounts falling due within one year

609,471

382,028

NET CURRENT LIABILITIES

(566,148

)

(301,753

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,309,370

866,463

CREDITORS

Amounts falling due after more than one year

684,571

393,462

NET ASSETS

624,799

473,001

CAPITAL AND RESERVES

Called up share capital

4

100

Profit and loss account

624,699

472,901

SHAREHOLDERS' FUNDS

624,799

473,001

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 25 August 2016 and were signed on its behalf by:

Mr M S Cheema - Director

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 January 2015).

Exemption from preparing a cash flow statement

Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a

small company.

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

at variable rates on reducing balance

Computer equipment

-

33% on cost

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance

sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of

transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are

depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The

capital element of the future payments is treated as a liability.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 December 2014

and 30 November 2015

16,521

NET BOOK VALUE

At 30 November 2015

16,521

At 30 November 2014

16,521

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 December 2014

1,309,385

Additions

808,093

Disposals

(85,500

)

At 30 November 2015

2,031,978

DEPRECIATION

At 1 December 2014

157,690

Charge for year

90,691

Eliminated on disposal

(75,400

)

At 30 November 2015

172,981

NET BOOK VALUE

At 30 November 2015

1,858,997

At 30 November 2014

1,151,695

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.11.15

30.11.14

value:

£

100

Ordinary Shares

£1

100