Abbreviated Company Accounts - THE DIESEL CAR COMPANY LTD

THE DIESEL CAR COMPANY LTD - Company Information

06785978 THE DIESEL CAR COMPANY LTD 2014-03-31 false 2013-04-01 2014-03-31 true 06785978 2013-04-01 2014-03-31 06785978 2014-03-31 06785978 2013-03-31 06785978 uk-gaap-cd-bus:Director1 2013-04-01 2014-03-31 06785978 uk-gaap-cd-bus:Director2 2013-04-01 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-04-01 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-03-31 iso4217:GBP shares

Registered Number 06785978

THE DIESEL CAR COMPANY LTD

Abbreviated Accounts

31 March 2014

THE DIESEL CAR COMPANY LTD Registered Number 06785978

Abbreviated Balance Sheet as at 31 March 2014

	Notes	2014	2013
		£	£
Fixed assets
Intangible assets	2	15,000	18,000
Tangible assets	3	42,010	45,027
		57,010	63,027
Current assets
Stocks		783,632	439,568
Debtors		162,223	133,573
Cash at bank and in hand		67,495	30,027
		1,013,350	603,168
Creditors: amounts falling due within one year		(432,004)	(588,523)
Net current assets (liabilities)		581,346	14,645
Total assets less current liabilities		638,356	77,672
Creditors: amounts falling due after more than one year		(566,667)	(40,275)
Provisions for liabilities		(8,383)	(8,986)
Total net assets (liabilities)		63,306	28,411
Capital and reserves
Called up share capital	4	100	100
Profit and loss account		63,206	28,311
Shareholders' funds		63,306	28,411

For the year ending 31 March 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 23 December 2014

And signed on their behalf by:
Mr M Handscomb, Director
Mr J Cole, Director

THE DIESEL CAR COMPANY LTD Registered Number 06785978

Notes to the Abbreviated Accounts for the period ended 31 March 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 amounts receivable for goods and services net of VAT and trade discounts.

Tangible assets depreciation policy
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:
Plant and machinery 25% on reducing balance
Computer equipment 33% on reducing balance
Fixtures, fittings & equipment 25% on reducing balance

Valuation information and policy
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Other accounting policies
Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

2Intangible fixed assets

	£
Cost
At 1 April 2013	30,000
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2014	30,000
Amortisation
At 1 April 2013	12,000
Charge for the year	3,000
On disposals	-
At 31 March 2014	15,000
Net book values
At 31 March 2014	15,000
At 31 March 2013	18,000

3Tangible fixed assets

	£
Cost
At 1 April 2013	66,366
Additions	3,680
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2014	70,046
Depreciation
At 1 April 2013	21,339
Charge for the year	6,697
On disposals	-
At 31 March 2014	28,036
Net book values
At 31 March 2014	42,010
At 31 March 2013	45,027

4Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
100 Ordinary shares of £1 each	100	100