M P MOTORS (RENTAL) LIMITED - Accounts to registrar - small 17.2
M P MOTORS (RENTAL) LIMITED - Accounts to registrar - small 17.2
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 NOVEMBER 2016 |
FOR |
M P MOTORS (RENTAL) LIMITED |
M P MOTORS (RENTAL) LIMITED (REGISTERED NUMBER: 04583953) |
CONTENTS OF THE FINANCIAL STATEMENTS |
For The Year Ended 30 November 2016 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
M P MOTORS (RENTAL) LIMITED |
COMPANY INFORMATION |
For The Year Ended 30 November 2016 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Certified Accountants |
35A High Street |
Ruislip |
Middlesex |
HA4 7AU |
M P MOTORS (RENTAL) LIMITED (REGISTERED NUMBER: 04583953) |
BALANCE SHEET |
30 November 2016 |
30.11.16 | 30.11.15 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
Tangible assets | 5 |
CURRENT ASSETS |
Debtors | 6 |
Cash in hand |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year | 8 |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
SHAREHOLDERS' FUNDS |
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. |
M P MOTORS (RENTAL) LIMITED (REGISTERED NUMBER: 04583953) |
BALANCE SHEET - continued |
30 November 2016 |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the Board of Directors on |
M P MOTORS (RENTAL) LIMITED (REGISTERED NUMBER: 04583953) |
NOTES TO THE FINANCIAL STATEMENTS |
For The Year Ended 30 November 2016 |
1. | STATUTORY INFORMATION |
M P MOTORS (RENTAL) LIMITED is a |
The company's registered number and registered office address can be found on the Company Information page. |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover represents net invoiced sales of services, excluding value added tax. |
Tangible fixed assets |
Plant and machinery | - |
Fixtures and fittings | - |
Motor vehicles | - |
Computer equipment | - |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
sheet date. |
Foreign currencies |
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance |
sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of |
transaction. Exchange differences are taken into account in arriving at the operating result. |
Hire purchase and leasing commitments |
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held |
under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are |
depreciated over their estimated useful lives or the lease term, whichever is the shorter. |
The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of |
the future payments is treated as a liability. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
M P MOTORS (RENTAL) LIMITED (REGISTERED NUMBER: 04583953) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
For The Year Ended 30 November 2016 |
4. | INTANGIBLE FIXED ASSETS |
Patents |
and |
licences |
£ |
COST |
At 1 December 2015 |
and 30 November 2016 |
NET BOOK VALUE |
At 30 November 2016 |
At 30 November 2015 |
5. | TANGIBLE FIXED ASSETS |
Fixtures |
Leasehold | Plant and | and |
Property | machinery | fittings |
£ | £ | £ |
COST |
At 1 December 2015 |
Additions |
At 30 November 2016 |
DEPRECIATION |
At 1 December 2015 |
Charge for year |
Eliminated on disposal |
At 30 November 2016 |
NET BOOK VALUE |
At 30 November 2016 |
At 30 November 2015 |
M P MOTORS (RENTAL) LIMITED (REGISTERED NUMBER: 04583953) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
For The Year Ended 30 November 2016 |
5. | TANGIBLE FIXED ASSETS - continued |
Motor | Computer |
vehicles | equipment | Totals |
£ | £ | £ |
COST |
At 1 December 2015 |
Additions |
Disposals | ( |
) | ( |
) |
At 30 November 2016 |
DEPRECIATION |
At 1 December 2015 |
Charge for year |
Eliminated on disposal | ( |
) | ( |
) |
At 30 November 2016 |
NET BOOK VALUE |
At 30 November 2016 |
At 30 November 2015 |
Fixed assets, included in the above, which are held under hire purchase contracts are as follows: |
Motor |
vehicles |
£ |
COST |
At 1 December 2015 |
Additions |
Disposals | ( |
) |
At 30 November 2016 |
DEPRECIATION |
At 1 December 2015 |
Charge for year |
Eliminated on disposal | ( |
) |
At 30 November 2016 |
NET BOOK VALUE |
At 30 November 2016 |
At 30 November 2015 |
M P MOTORS (RENTAL) LIMITED (REGISTERED NUMBER: 04583953) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
For The Year Ended 30 November 2016 |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.11.16 | 30.11.15 |
£ | £ |
Trade debtors |
VAT |
Prepayments |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.11.16 | 30.11.15 |
£ | £ |
Bank loans and overdrafts |
Hire purchase contracts |
Trade creditors |
Social security and other taxes |
VAT | 18,856 | - |
Directors' current accounts | 75,560 | 105,387 |
Accrued expenses |
8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
30.11.16 | 30.11.15 |
£ | £ |
Bank Loan |
Hire purchase contracts |
9. | ULTIMATE CONTROLLING PARTY |
The controlling party is Mr M S Cheema. |
The ultimate controlling party is |