PICKARD_GARAGE_SERVICES_L - Accounts
PICKARD_GARAGE_SERVICES_L - Accounts
Company Registration No. 06847021 (England and Wales)
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2014
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
ABBREVIATED BALANCE SHEET
AS AT
31 MARCH 2014
- 1 -
2014
2013
Notes
£
£
£
£
Fixed assets
Tangible assets
2
Current assets
Stocks
Debtors
Cash at bank and in hand
-
Creditors: amounts falling due within one year
(82,431 )
(61,304 )
Net current liabilities
(65,485 )
(43,255 )
Total assets less current liabilities
(33,829 )
(32,006 )
Creditors: amounts falling due after more than one year
(19,332 )
(3,308 )
(53,161 )
(35,314 )
Capital and reserves
Called up share capital
3
Profit and loss account
(53,163 )
(35,316 )
Shareholders' funds
(53,161 )
(35,314 )
Director's responsibilities:
-
-
Approved by the Board and authorised for issue on 30 December 2014
Director
Company Registration No. 06847021
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2014
- 2 -
1
Accounting policies
1.1
Accounting convention
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
1.4
Tangible fixed assets and depreciation
Land and buildings Freehold
Plant and machinery
Motor vehicles
1.5
Stock
Stock is valued at the lower of cost and net realisable value.
1.6
Deferred taxation
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.
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2014
- 3 -
2
Fixed assets
Tangible assets
£
Cost
At 1 April 2013
15,636
Additions
25,088
At 31 March 2014
40,724
Depreciation
At 1 April 2013
4,387
Charge for the year
4,681
At 31 March 2014
9,068
Net book value
At 31 March 2014
31,656
At 31 March 2013
11,249
3
Share capital
2014
2013
£
£
Allotted, called up and fully paid