GARAGEPRIDE LIMITED




Company Registration Number:
06403427 (England and Wales)



Abbreviated (Unaudited) Accounts



Period of accounts


Start date: 01st December 2013

End date: 30th November 2014

SUBMITTED

GARAGEPRIDE LIMITED

Company Information
for the Period Ended
30th November 2014




Director: Mr K W Evans
Mr R B Evans
Company secretary: Mr K W Evans
Registered office: 145 - 157 St. John Street
London
EC1V 4PW
Company Registration Number: 06403427 (England and Wales)

GARAGEPRIDE LIMITED

Abbreviated Balance sheet
As at 30th November 2014

Notes 2014
£
2013
£
Fixed assets
Intangible assets: 5 2,549 1,500
Tangible assets: 6 1,867 861
Total fixed assets: 4,416 2,361
Current assets
Stocks: 2,153 3,981
Debtors: 8 3,773 25,924
Cash at bank and in hand: 103,238 15,432
Total current assets: 109,164 45,337
Creditors
Creditors: amounts falling due within one year 9 95,219 44,129
Net current assets (liabilities): 13,945 1,208
Total assets less current liabilities: 18,361 3,569
Creditors: amounts falling due after more than one year: 10 883 2,283
Total net assets (liabilities): 17,478 1,286

The notes form part of these financial statements

GARAGEPRIDE LIMITED

Abbreviated Balance sheet
As at 30th November 2014
continued

Notes 2014
£
2013
£
Capital and reserves
Called up share capital: 11 1 1
Profit and Loss account: 17,477 1,285
Total shareholders funds: 17,478 1,286

For the year ending 30 November 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 and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2008).

The financial statements were approved by the Board of Directors on 28 August 2015

SIGNED ON BEHALF OF THE BOARD BY:

Name: Mr K W Evans
Status: Director

The notes form part of these financial statements

GARAGEPRIDE LIMITED

Notes to the Abbreviated Accounts
for the Period Ended
30th November 2014

  • 1. Accounting policies

    Basis of measurement and preparation of accounts

    These accounts do not include a cash flow statement because the company, as a small reporting entity, is exempt from the requirement to prepare such a statement under Financial Reporting Standard 1. Having considered all the circumstances at the time of signing these accounts the directors consider it appropriate to prepare the accounts on a going concern basis.

    Turnover policy

    Turnover represents the total amount receivable for goods and services supplied, excluding value added tax.

    Tangible fixed assets depreciation policy

    Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives: Office equipment 25% reducing balance

    Intangible fixed assets amortisation policy

    Intangible fixed assets are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives: Website 25% straight line

    Valuation information and policy

    Stocks and work in progress are valued at the lower of cost and net realisable value after making allowance for obsolete and slow moving items.

    Other accounting policies

    Foreign currencies. Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit. Deferred taxation. Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.

GARAGEPRIDE LIMITED

Notes to the Abbreviated Accounts
for the Period Ended
30th November 2014

  • 5. Intangible assets

    Total
    Cost £
    At 01st December 2013: 6,500
    Additions: 2,065
    8,565
    Amortisation £
    At 01st December 2013: 5,000
    Provided during the period: 1,016
    At 30th November 2014: 6,016
    Net book value £
    At 30th November 2014: 2,549
    At 30th November 2013: 1,500

GARAGEPRIDE LIMITED

Notes to the Abbreviated Accounts
for the Period Ended
30th November 2014

  • 6. Tangible assets

    Total
    Cost £
    At 01st December 2013: 1,930
    Additions: 1,629
    At 30th November 2014: 3,559
    Depreciation
    At 01st December 2013: 1,069
    Charge for year: 623
    At 30th November 2014: 1,692
    Net book value
    At 30th November 2014: 1,867
    At 30th November 2013: 861

GARAGEPRIDE LIMITED

Notes to the Abbreviated Accounts
for the Period Ended
30th November 2014

  • 8. Debtors

    Debtors include £nil (2013: £nil) falling due after one year.

GARAGEPRIDE LIMITED

Notes to the Abbreviated Accounts
for the Period Ended
30th November 2014

  • 9. Creditors: amounts falling due within one year

    Creditors: amounts falling due within one year include £nil (2013: £1020) bank loans or overdrafts.

GARAGEPRIDE LIMITED

Notes to the Abbreviated Accounts
for the Period Ended
30th November 2014

  • 10. Creditors: amounts falling due after more than one year

    2014
    £
    2013
    £
    Bank loans and overdrafts: - 1,935
    Other creditors: 883 348
    Total: 883 2,283

    Other creditors represents deferred taxation due to accelerated capital allowances.

GARAGEPRIDE LIMITED

Notes to the Abbreviated Accounts
for the Period Ended
30th November 2014

  • 11. Called up share capital

    Allotted, called up and paid

    Previous period 2013
    Class Number of shares Nominal value per share Total
    Ordinary shares: 1 1.00
    1.00
    1
    Total share capital: 1
    Current period 2014
    Class Number of shares Nominal value per share Total
    Ordinary shares: 1 1.00
    1.00
    1
    Total share capital: 1

GARAGEPRIDE LIMITED

Notes to the Abbreviated Accounts
for the Period Ended
30th November 2014

  • 13. Related party disclosures

    Name of the ultimate controlling party during the period: Mr K W Evans

    During the year ended Mr K.W.Evans, a director, controlled the company by virtue of a controlling interest in 100% of the issued share capital.

GARAGEPRIDE LIMITED

Notes to the Abbreviated Accounts
for the Period Ended
30th November 2014

  • 14 . Transactions with directors

    Name of director receiving advance or credit: Mr K W Evans
    Description of the transaction: Loan to director
    Balance at 01st December 2013: 22,000
    Advances or credits repaid: 22,000
    Balance at 30th November 2014: 0


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