CLASSE_PARTS_LTD - Accounts

CLASSE PARTS LIMITED - Company Information

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Company Registration No. 04485660 (England and Wales)

CLASSE PARTS LTD

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2016

CLASSE PARTS LTD

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

CLASSE PARTS LTD

ABBREVIATED BALANCE SHEET

AS AT

31 JULY 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

Current assets

Stocks

1,000

Debtors

37,369

Cash at bank and in hand

9,444

7,130

46,813

45,499

Creditors: amounts falling due within one year

(24,522)

(25,863)

Net current assets

22,291

19,636

Total assets less current liabilities

22,291

19,637

Capital and reserves

Called up share capital

Profit and loss account

22,289

19,635

Shareholders' funds

22,291

19,637

For the financial year ended 31 July 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 1 November 2017

Mr A Ramsbottom

Director

Company Registration No. 04485660

CLASSE PARTS LTD

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 JULY 2016

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Fixtures, fittings & equipment 25% straight line

Fixed assets

Tangible assets

Cost

At 1 August 2015 & at 31 July 2016

2,057

Depreciation

At 1 August 2015 & at 31 July 2016

2,057

Net book value

At 31 July 2016

At 31 July 2015

Share capital

2016

2015

Allotted, called up and fully paid

2 Ordinary of £1 each