Ian Taylor Body Repairs Limited - Abbreviated accounts

Registered number

04456425

Ian Taylor Body Repairs Limited

Abbreviated Accounts

31 March 2016

Ian Taylor Body Repairs Limited
Registered number:		04456425
Abbreviated Balance Sheet
as at 31 March 2016

Notes			2016			2015
£				£
Fixed assets
Tangible assets	3		13,450			17,933

Current assets
Stocks		5,199			5,199
Debtors		67,787			69,006
Cash at bank and in hand		127,757			72,455
		200,743			146,660

Creditors: amounts falling due within one year		(157,440)			(97,014)

Net current assets			43,303			49,646

Net assets			56,753			67,579

Capital and reserves
Called up share capital	4		101			100
Profit and loss account			56,652			67,479

Shareholders' funds			56,753			67,579

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.



I Taylor
Director
Approved by the board on 23 November 2016

Ian Taylor Body Repairs Limited
Notes to the Abbreviated Accounts
for the year ended 31 March 2016

1	Accounting policies

	Basis of preparation
	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
	Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

	Depreciation
	Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

	Plant and machinery			25% reducing balance

	Stocks
	Stock is valued at the lower of cost and net realisable value.


2	Intangible fixed assets					£

	Cost
	At 1 April 2015					7,169
	At 31 March 2016					7,169

	Amortisation
	At 1 April 2015					7,169
	At 31 March 2016					7,169

	Net book value
	At 31 March 2016					-


3	Tangible fixed assets					£

	Cost
	At 1 April 2015					45,023
	At 31 March 2016					45,023

	Depreciation
	At 1 April 2015					27,090
	Charge for the year					4,483
	At 31 March 2016					31,573

	Net book value
	At 31 March 2016					13,450
	At 31 March 2015					17,933


4	Share capital	Nominal		2016		2016		2015
value			Number		£		£
	Allotted, called up and fully paid:
	Ordinary shares	£1 each		100		100		100
	A Ordinary shares	£1 each		1		1		-
						101		100

Nominal			Number		Amount
value			£
	Shares issued during the period:
	Ordinary shares	£1 each		1		1