Registered Number 02439579

TO-AN-FRO CAR & VAN HIRE LIMITED

Abbreviated Accounts

30 November 2012

TO-AN-FRO CAR & VAN HIRE LIMITED Registered Number 02439579

Abbreviated Balance Sheet as at 30 November 2012

Notes 2012 2011
£ £
Fixed assets
Tangible assets 2 230,634 220,506
230,634 220,506
Current assets
Stocks 1,395 1,395
Debtors 34,896 40,663
Cash at bank and in hand 11,227 -
47,518 42,058
Creditors: amounts falling due within one year 3 (106,309) (88,862)
Net current assets (liabilities) (58,791) (46,804)
Total assets less current liabilities 171,843 173,702
Creditors: amounts falling due after more than one year 3 (25,972) (26,098)
Provisions for liabilities (40,204) (36,475)
Total net assets (liabilities) 105,667 111,129
Capital and reserves
Called up share capital 4 2 2
Profit and loss account 105,665 111,127
Shareholders' funds 105,667 111,129
  • For the year ending 30 November 2012 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 16 August 2013

And signed on their behalf by:
R Harris, Director

TO-AN-FRO CAR & VAN HIRE LIMITED Registered Number 02439579

Notes to the Abbreviated Accounts for the period ended 30 November 2012

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the total value of goods, excluding value added tax, provided to customers during the year, plus the value of work, excluding value added tax, performed during the year with respect to services

Tangible assets depreciation policy
Tangible Fixed Assets
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:
Plant and Machinery - 15% reducing balance
Fixtures and fittings - 15% reducing balance/33% straight line
Motor vehicles - 25% reducing balance
Tangible fixed assets are stated at cost less accumulated depreciation.

Other accounting policies
Leasing
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible assets and depreciated over the shorter of the lease term and their useful lives. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce constant periodic rates of charge on the net obligations outstanding in each period.

Stock
Stock is valued at the lower of cost and net realisable value.

Deferred Tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more, tax.

Deferred tax is measured on an undiscounted basis at the rates that are expected to apply in the periods in which timing differences reverse, based upon tax rates and laws enacted or substantially enacted at the balance sheet date.

2 Tangible fixed assets
£
Cost
At 1 December 2011 610,978
Additions 95,545
Disposals (47,987)
Revaluations -
Transfers -
At 30 November 2012 658,536
Depreciation
At 1 December 2011 390,472
Charge for the year 75,789
On disposals (38,359)
At 30 November 2012 427,902
Net book values
At 30 November 2012 230,634
At 30 November 2011 220,506
3 Creditors
2012
£
2011
£
Secured Debts 91,100 87,518
4 Called Up Share Capital
Allotted, called up and fully paid:
2012
£
2011
£
2 Ordinary shares of £1 each 2 2

5Transactions with directors

Name of director receiving advance or credit: R Harris
Description of the transaction: Directors loan account
Balance at 1 December 2011: £ 9,294
Advances or credits made: £ 371
Advances or credits repaid: £ 7,156
Balance at 30 November 2012: £ 2,509

Interest has been charged at the offical rate.


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