GARAGEPRIDE LIMITED




Company Registration Number:
06403427 (England and Wales)



Abbreviated (Unaudited) Accounts



Period of accounts


Start date: 01st December 2014

End date: 30th November 2015

SUBMITTED

GARAGEPRIDE LIMITED

Company Information
for the Period Ended
30th November 2015




Director: Mr K W Evans
Mr R B Evans
Company secretary: Mr K W Evans
Registered office: 20-22 Wenlock Road
London
N1 7GU
GB-ENG
Company Registration Number: 06403427 (England and Wales)

GARAGEPRIDE LIMITED

Abbreviated Balance sheet
As at 30th November 2015

Notes 2015
£
2014
£
Fixed assets
Intangible assets: 4 7,533 2,549
Tangible assets: 5 1,669 1,867
Total fixed assets: 9,202 4,416
Current assets
Stocks: 120 2,153
Debtors: 6 13,295 3,773
Cash at bank and in hand: 88,123 103,238
Total current assets: 101,538 109,164
Creditors
Creditors: amounts falling due within one year 7 95,071 95,219
Net current assets (liabilities): 6,467 13,945
Total assets less current liabilities: 15,669 18,361
Creditors: amounts falling due after more than one year: 8 640 883
Total net assets (liabilities): 15,029 17,478

The notes form part of these financial statements

GARAGEPRIDE LIMITED

Abbreviated Balance sheet
As at 30th November 2015
continued

Notes 2015
£
2014
£
Capital and reserves
Called up share capital: 9 1 1
Profit and Loss account: 15,028 17,477
Total shareholders funds: 15,029 17,478

For the year ending 30 November 2015 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 31 August 2016

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 2015

  • 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.

    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 2015

  • 4. Intangible assets

    Total
    Cost £
    At 01st December 2014: 8,565
    Additions: 8,000
    16,565
    Amortisation £
    At 01st December 2014: 6,016
    Provided during the period: 3,016
    At 30th November 2015: 9,032
    Net book value £
    At 30th November 2015: 7,533
    At 30th November 2014: 2,549

GARAGEPRIDE LIMITED

Notes to the Abbreviated Accounts
for the Period Ended
30th November 2015

  • 5. Tangible assets

    Total
    Cost £
    At 01st December 2014: 3,559
    Additions: 358
    At 30th November 2015: 3,917
    Depreciation
    At 01st December 2014: 1,692
    Charge for year: 555
    At 30th November 2015: 2,247
    Net book value
    At 30th November 2015: 1,669
    At 30th November 2014: 1,867

GARAGEPRIDE LIMITED

Notes to the Abbreviated Accounts
for the Period Ended
30th November 2015

  • 6. Debtors

    2015
    £
    2014
    £
    Trade debtors: 12,729 2,581
    Prepayments and accrued income: 566 1,192
    Total: 13,295 3,773

GARAGEPRIDE LIMITED

Notes to the Abbreviated Accounts
for the Period Ended
30th November 2015

  • 7. Creditors: amounts falling due within one year

    2015
    £
    2014
    £
    Trade creditors: 66,071 76,093
    Taxation and social security: 25,386 13,030
    Other creditors: 3,614 6,096
    Total: 95,071 95,219

GARAGEPRIDE LIMITED

Notes to the Abbreviated Accounts
for the Period Ended
30th November 2015

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

    2015
    £
    2014
    £
    Other creditors: 640 883
    Total: 640 883

GARAGEPRIDE LIMITED

Notes to the Abbreviated Accounts
for the Period Ended
30th November 2015

  • 9. Called up share capital

    Allotted, called up and paid

    Previous period 2014
    Class Number of shares Nominal value per share Total
    Ordinary shares: 1 1.00
    1.00
    1
    Total share capital: 1
    Current period 2015
    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 2015

  • 11. Related party disclosures

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


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