Clynnog and Trevor Motor Company Limited - Limited company - abbreviated - 11.0.0

Clynnog and Trevor Motor Company Limited - Limited company - abbreviated - 11.0.0


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REGISTERED NUMBER: 00121644(England and Wales)















Abbreviated Unaudited Accounts for the Year Ended 30 June 2014

for

Clynnog and Trevor Motor Company Limited

Clynnog and Trevor Motor Company Limited (Registered number: 00121644)






Contents of the Abbreviated Accounts
for the Year Ended 30 June 2014




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

Report of the Accountants 6

Clynnog and Trevor Motor Company Limited

Company Information
for the Year Ended 30 June 2014







DIRECTORS: Mr J T Williams
Mr D C Jones
Mr E W Griffiths
Mr G R Parry





SECRETARY: Mrs I Williams





REGISTERED OFFICE: The Garage
Trefor
Caernarfon
Gwynedd
LL54 5HP





REGISTERED NUMBER: 00121644(England and Wales)





ACCOUNTANTS: Dunn & Ellis
Chartered Accountants
Adeilad St David's Building
Stryd Lombard Street
Porthmadog
Gwynedd
LL49 9AP

Clynnog and Trevor Motor Company Limited (Registered number: 00121644)

Abbreviated Balance Sheet
30 June 2014

30.6.14 30.6.13
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 - 7,500
Tangible assets 3 1,562,235 1,256,792
1,562,235 1,264,292

CURRENT ASSETS
Stocks 10,700 10,700
Debtors 140,408 64,107
Cash in hand 2,000 2,000
153,108 76,807
CREDITORS
Amounts falling due within one year 453,606 343,003
NET CURRENT LIABILITIES (300,498 ) (266,196 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,261,737

998,096

CREDITORS
Amounts falling due after more than one
year

(663,466
)
(473,980
)

PROVISIONS FOR LIABILITIES (179,144 ) (119,562 )
NET ASSETS 419,127 404,554

CAPITAL AND RESERVES
Called up share capital 4 8,764 8,764
Profit and loss account 410,363 395,790
SHAREHOLDERS' FUNDS 419,127 404,554

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2014 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.

Clynnog and Trevor Motor Company Limited (Registered number: 00121644)

Abbreviated Balance Sheet - continued
30 June 2014


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 18 October 2014and were signed on its behalf by:




Mr E W Griffiths- Director



Mr D C Jones- Director


Clynnog and Trevor Motor Company Limited (Registered number: 00121644)

Notes to the Abbreviated Accounts
for the Year Ended 30 June 2014

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 April 2008).

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of two years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings - in accordance with the property
Plant and machinery etc - 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow
moving items.

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

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the
period of the lease.

2. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 July 2013
and 30 June 2014 15,000
AMORTISATION
At 1 July 2013 7,500
Amortisation for year 7,500
At 30 June 2014 15,000
NET BOOK VALUE

At 30 June 2014 -
At 30 June 2013 7,500

Clynnog and Trevor Motor Company Limited (Registered number: 00121644)

Notes to the Abbreviated Accounts - continued
for the Year Ended 30 June 2014

3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 July 2013 2,480,617
Additions 631,171
Disposals (77,500 )
At 30 June 2014 3,034,288
DEPRECIATION
At 1 July 2013 1,223,825
Charge for year 248,228
At 30 June 2014 1,472,053
NET BOOK VALUE
At 30 June 2014 1,562,235
At 30 June 2013 1,256,792

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.14 30.6.13
value: £    £   
10,000 Ordinary £0.50 8,764 8,764

Clynnog and Trevor Motor Company Limited

Report of the Accountants to the Directors of
Clynnog and Trevor Motor Company Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual
unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to five)
have been prepared.

As described on the balance sheet you are responsible for the preparation of the financial statements for the year ended
30 June 2014 set out on pages nil to nil and you consider that the company is exempt from an audit.

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.






Dunn & Ellis
Chartered Accountants
Adeilad St David's Building
Stryd Lombard Street
Porthmadog
Gwynedd
LL49 9AP


Date: .............................................