Cam Motors (Poole) Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 07836465 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 30 November 2016

for

Cam Motors (Poole) Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

Chartered Accountants' Report

6

DIRECTORS:

R T Eaton

C Eaton

REGISTERED OFFICE:

158-160 Stanley Green Road

Poole

Dorset

BH15 3EZ

REGISTERED NUMBER:

07836465 (England and Wales)

ACCOUNTANTS:

Bennett Brooks & Co Ltd

Chartered Accountants

19 Trinity Square

Llandudno

CONWY

LL30 2RD

FIXED ASSETS

Tangible assets

2

394,655

378,186

CURRENT ASSETS

Stocks

5,000

Debtors

9,635

12,258

Cash at bank and in hand

5,166

892

19,801

18,150

CREDITORS

Amounts falling due within one year

3

246,367

147,968

NET CURRENT LIABILITIES

(226,566

)

(129,818

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

168,089

248,368

CREDITORS

Amounts falling due after more than one
year

3

182,675

212,966

NET (LIABILITIES)/ASSETS

(14,586

)

35,402

CAPITAL AND RESERVES

Called up share capital

4

80,000

Profit and loss account

(94,586

)

(44,598

)

SHAREHOLDERS' FUNDS

(14,586

)

35,402

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 23 August 2017 and were signed on its behalf by:

R T Eaton - 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 each asset over its estimated useful life.

Freehold property

-

1% on cost

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 December 2015

381,643

Additions

40,550

Disposals

(20,000

)

At 30 November 2016

402,193

DEPRECIATION

At 1 December 2015

3,457

Charge for year

7,081

Eliminated on disposal

(3,000

)

At 30 November 2016

7,538

NET BOOK VALUE

At 30 November 2016

394,655

At 30 November 2015

378,186

3.

CREDITORS

Creditors include an amount of £ 206,675 (2015 - £ 247,151 ) for which security has been given.

They also include the following debts falling due in more than five years:

2016

2015

£

Repayable by instalments

86,675

-

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

80,000

Ordinary 'A'

£1

80,000

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.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Cam Motors (Poole) Limited for the year ended 30 November 2016 which comprise the Profit

and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information

and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Cam Motors (Poole) Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Cam Motors (Poole) Limited and state those matters that we have agreed to state to the Board of Directors of Cam Motors (Poole) Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Cam Motors (Poole) Limited Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Cam Motors (Poole) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Cam Motors (Poole) Limited. You consider that Cam Motors (Poole) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Cam Motors (Poole) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Bennett Brooks & Co Ltd

Chartered Accountants

19 Trinity Square

Llandudno

CONWY

LL30 2RD

23 August 2017