Abbreviated Company Accounts - CAR-NECT AUTO GROUP LIMITED

Abbreviated Company Accounts - CAR-NECT AUTO GROUP LIMITED

CAR-NECT AUTO GROUP LIMITED - Company Information

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Registered Number 03020471

CAR-NECT AUTO GROUP LIMITED

Abbreviated Accounts

28 February 2016

CAR-NECT AUTO GROUP LIMITED Registered Number 03020471

Abbreviated Balance Sheet as at 28 February 2016

Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 37,462 43,653
37,462 43,653
Current assets
Debtors 636,490 513,516
Cash at bank and in hand 462,626 482,922
1,099,116 996,438
Creditors: amounts falling due within one year (81,642) (60,346)
Net current assets (liabilities) 1,017,474 936,092
Total assets less current liabilities 1,054,936 979,745
Provisions for liabilities (6,960) (7,858)
Total net assets (liabilities) 1,047,976 971,887
Capital and reserves
Called up share capital 106 106
Profit and loss account 1,047,870 971,781
Shareholders' funds 1,047,976 971,887
  • For the year ending 28 February 2016 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 28 November 2016

And signed on their behalf by:
C D YEOMANS, Director

CAR-NECT AUTO GROUP LIMITED Registered Number 03020471

Notes to the Abbreviated Accounts for the period ended 28 February 2016

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.

2Tangible fixed assets
£
Cost
At 1 March 2015 209,173
Additions 8,315
Disposals (13,191)
Revaluations -
Transfers -
At 28 February 2016 204,297
Depreciation
At 1 March 2015 165,520
Charge for the year 7,687
On disposals (6,372)
At 28 February 2016 166,835
Net book values
At 28 February 2016 37,462
At 28 February 2015 43,653