OUSTON SERVICE STATION LIMITED

Company Registration Number:
07913608 (England and Wales)

Unaudited abridged accounts for the year ended 28 February 2018

Period of accounts

Start date: 01 March 2017

End date: 28 February 2018

OUSTON SERVICE STATION LIMITED

Contents of the Financial Statements

for the Period Ended 28 February 2018

Balance sheet
Notes

OUSTON SERVICE STATION LIMITED

Balance sheet

As at 28 February 2018


Notes
2018
2017


£
£
Fixed assets
Intangible assets: 2 199,500 213,750
Tangible assets: 3 309,620 211,441
Total fixed assets: 509,120 425,191
Current assets
Stocks: 61,496 69,119
Debtors:   49,614 64,276
Cash at bank and in hand: 25,234 91,213
Total current assets: 136,344 224,608
Creditors: amounts falling due within one year:   (251,107) (329,623)
Net current assets (liabilities): (114,763) (105,015)
Total assets less current liabilities: 394,357 320,176
Creditors: amounts falling due after more than one year:   (87,360) (87,360)
Total net assets (liabilities): 306,997 232,816
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 306,897 232,716
Shareholders funds: 306,997 232,816

The notes form part of these financial statements

OUSTON SERVICE STATION LIMITED

Balance sheet statements

For the year ending 28 February 2018 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 07 August 2018
and signed on behalf of the board by:

Name: I Atkinson
Status: Director

The notes form part of these financial statements

OUSTON SERVICE STATION LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2018

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

The turnover represents amounts receivable for goods and services net of VAT and trade discounts'.

Tangible fixed assets and depreciation policy

Annual depreciation is calculated to write off the cost of the asset, less its residual value, over its estimated useful economic lifetime on the following basis:Freehold Property 2% straight line basisEquipment 25% straight line basis Motor Vehicles 25% reducing balance

OUSTON SERVICE STATION LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2018

2. Intangible Assets

Total
Cost £
At 01 March 2017 285,000
At 28 February 2018 285,000
Amortisation
At 01 March 2017 71,250
Charge for year 14,250
At 28 February 2018 85,500
Net book value
At 28 February 2018 199,500
At 28 February 2017 213,750

OUSTON SERVICE STATION LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2018

3. Tangible Assets

Total
Cost £
At 01 March 2017 291,518
Additions 128,515
At 28 February 2018 420,033
Depreciation
At 01 March 2017 80,077
Charge for year 30,336
At 28 February 2018 110,413
Net book value
At 28 February 2018 309,620
At 28 February 2017 211,441