Coastline Auto's Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: SC401475 (Scotland)

Abbreviated Unaudited Accounts for the Year Ended 30 June 2016

for

Coastline Auto's Limited

Page

Abbreviated Balance Sheet

1

Notes to the Abbreviated Accounts

2

FIXED ASSETS

Tangible assets

2

6,512

6,647

CURRENT ASSETS

Stocks

136,672

105,057

Debtors

597

-

137,269

105,057

CREDITORS

Amounts falling due within one year

137,094

105,605

NET CURRENT ASSETS/(LIABILITIES)

175

(548

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

6,687

6,099

CAPITAL AND RESERVES

Called up share capital

3

1,000

Profit and loss account

5,687

5,099

SHAREHOLDERS' FUNDS

6,687

6,099

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2016 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 18 October 2016 and were signed on its behalf
by:

G D Dow - 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).

Turnover

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

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Plant and machinery etc

-

25% on cost

Stocks

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

slow moving items.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2015

8,495

Additions

2,550

At 30 June 2016

11,045

DEPRECIATION

At 1 July 2015

1,848

Charge for year

2,685

At 30 June 2016

4,533

NET BOOK VALUE

At 30 June 2016

6,512

At 30 June 2015

6,647

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.6.16

30.6.15

value:

£

1,000

ordinary

£1

1,000