Registered Number 07135508

LEEKS MOTORS LIMITED

Abbreviated Accounts

31 March 2015

LEEKS MOTORS LIMITED Registered Number 07135508

Abbreviated Balance Sheet as at 31 March 2015

Notes 2015 2014
£ £
Fixed assets
Tangible assets 2 14,597 14,485
14,597 14,485
Current assets
Stocks 3,338 2,663
Debtors 26,134 37,579
Cash at bank and in hand 33,073 17,952
62,545 58,194
Creditors: amounts falling due within one year (76,558) (72,546)
Net current assets (liabilities) (14,013) (14,352)
Total assets less current liabilities 584 133
Total net assets (liabilities) 584 133
Capital and reserves
Called up share capital 3 100 100
Profit and loss account 484 33
Shareholders' funds 584 133
  • For the year ending 31 March 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.

Approved by the Board on 19 October 2015

And signed on their behalf by:
Philip Leeks, Director
Anthony Leeks, Director

LEEKS MOTORS LIMITED Registered Number 07135508

Notes to the Abbreviated Accounts for the period ended 31 March 2015

1Accounting Policies

Basis of measurement and preparation of accounts
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

The company has taken advantage of the exemption in Financial Reporting Standard No 1 from the requirement to produce a cash flow statement on the grounds that it is a small company.

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:

Land and buildings Freehold
Land and buildings Leasehold
Plant and machinery 25% on cost
Computer equipment 25% on cost
Fixtures, fittings & equipment 25% on cost
Motor vehicles 25% on reducing balance

Other accounting policies
Stock and work in progress
Stock and work in progress are valued at the lower of cost and net realisable value.

2 Tangible fixed assets
£
Cost
At 1 April 2014 54,512
Additions 9,746
Disposals (950)
Revaluations -
Transfers -
At 31 March 2015 63,308
Depreciation
At 1 April 2014 40,027
Charge for the year 9,334
On disposals (650)
At 31 March 2015 48,711
Net book values
At 31 March 2015 14,597
At 31 March 2014 14,485
3 Called Up Share Capital
Allotted, called up and fully paid:
2015
£
2014
£
100 Ordinary shares of £1 each 100 100

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