Abbreviated Company Accounts - MOTOR SALVAGE (REDDITCH) LIMITED

MOTOR SALVAGE (REDDITCH) LIMITED - Company Information

Registered Number 01235519

MOTOR SALVAGE (REDDITCH) LIMITED

Abbreviated Accounts

31 January 2014

MOTOR SALVAGE (REDDITCH) LIMITED Registered Number 01235519

Abbreviated Balance Sheet as at 31 January 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	321,471	857,897
		321,471	857,897
Current assets
Debtors		21,536	16,685
Cash at bank and in hand		16,423	30,731
		37,959	47,416
Creditors: amounts falling due within one year		(148,744)	(236,145)
Net current assets (liabilities)		(110,785)	(188,729)
Total assets less current liabilities		210,686	669,168
Creditors: amounts falling due after more than one year		(120,365)	(429,898)
Total net assets (liabilities)		90,321	239,270
Capital and reserves
Called up share capital		100	100
Profit and loss account		90,221	239,170
Shareholders' funds		90,321	239,270

For the year ending 31 January 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 27 November 2014

And signed on their behalf by:
Mrs C M Evans, Director

MOTOR SALVAGE (REDDITCH) LIMITED Registered Number 01235519

Notes to the Abbreviated Accounts for the period ended 31 January 2014

1Accounting Policies

Basis of measurement and preparation of accounts
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 policy
Turnover represents rental income applicable to the period of accounts, excluding value added tax.

Other accounting policies
DEFERRED TAX
Provision is made at current rates for taxation deferred in respect of all material timing differences except to the extent that, in the opinion of the director, there is reasonable probability that the liability will not arise in the foreseeable future.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.

INVESTMENT PROPERTY
Investment property is valued at cost which does not comply with the FRSSE with requires investment property to be valued at current market value. A valuation of the property has not been undertaken.

2Tangible fixed assets

	£
Cost
At 1 February 2013	857,897
Additions	-
Disposals	(536,426)
Revaluations	-
Transfers	-
At 31 January 2014	321,471
Depreciation
At 1 February 2013	-
Charge for the year	-
On disposals	-
At 31 January 2014	-
Net book values
At 31 January 2014	321,471
At 31 January 2013	857,897