Nick Nelson Garage Services Ltd Company Accounts
Nick Nelson Garage Services Ltd Company Accounts
COMPANY REGISTRATION NUMBER:
07538169
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Financial Statements |
Year ended 30 March 2017
Contents |
Page |
Officers and professional advisers |
1 |
Balance sheet |
2 |
Notes to the financial statements |
4 |
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Officers and Professional Advisers |
The board of directors |
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Registered office |
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Accountants |
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Chartered Accountants |
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10 Oak Street |
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Fakenham |
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Norfolk |
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NR21 9DY |
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Balance Sheet |
2017 |
2016 |
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Note |
£ |
£ |
£ |
Fixed assets
Tangible assets |
5 |
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Current assets
Stocks |
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Debtors |
6 |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
7 |
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-------- |
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Net current liabilities |
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------- |
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Total assets less current liabilities |
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Creditors: amounts falling due after more than one year |
8 |
– |
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Provisions
Taxation including deferred tax |
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– |
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---- |
------- |
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Net assets/(liabilities) |
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(
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---- |
------- |
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Balance Sheet (continued) |
2017 |
2016 |
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Note |
£ |
£ |
£ |
Capital and reserves
Called up share capital |
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Profit and loss account |
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(
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Shareholders funds/(deficit) |
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(
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In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings (including profit and loss account) has not been delivered.
Directors' responsibilities:
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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
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
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These financial statements were approved by the
board of directors
and authorised for issue on
21 December 2017
, and are signed on behalf of the board by:
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Director |
Company registration number:
07538169
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Notes to the Financial Statements |
Year ended 30 March 2017
1.
General information
The company is a private company limited by shares, registered in United Kingdom. The address of the registered office is 5 Laurel Farm Barns, Market Street, Tunstead, Norfolk, NR12 8QY.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Transition to FRS 102
The entity transitioned from previous UK GAAP to FRS 102 as at 31 March 2015. Details of how FRS 102 has affected the reported financial position and financial performance is given in note 9.
Revenue recognition
Income tax
Tangible assets
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Motor vehicles |
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Equipment |
- |
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Impairment of fixed assets
Stocks
Provisions
Financial instruments
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
1
(2016:
1
).
5.
Tangible assets
Motor vehicles |
Equipment |
Total |
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£ |
£ |
£ |
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Cost |
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At 31 March 2016 |
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Additions |
– |
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Disposals |
(
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– |
(
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At 30 March 2017 |
– |
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Depreciation |
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At 31 March 2016 |
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Charge for the year |
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Disposals |
(
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– |
(
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At 30 March 2017 |
– |
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Carrying amount |
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At 30 March 2017 |
– |
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------- |
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At 30 March 2016 |
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6.
Debtors
2017 |
2016 |
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£ |
£ |
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Trade debtors |
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Other debtors |
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7.
Creditors:
amounts falling due within one year
2017 |
2016 |
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£ |
£ |
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Bank loans and overdrafts |
– |
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Trade creditors |
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Corporation tax |
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Social security and other taxes |
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Other creditors |
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Bank loans and overdrafts are secured by a debenture creating a fixed and floating charge over the assets of the company.
8.
Creditors:
amounts falling due after more than one year
2017 |
2016 |
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£ |
£ |
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Bank loans and overdrafts |
– |
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------- |
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9.
Transition to FRS 102
These are the first financial statements that comply with FRS 102. The company transitioned to FRS 102 on 31 March 2015.
No transitional adjustments were required in equity or profit or loss for the year.