Registered Number 02439579


Abbreviated Accounts

30 November 2014

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

Abbreviated Balance Sheet as at 30 November 2014

Notes 2014 2013
£ £
Fixed assets
Tangible assets 2 293,750 230,838
293,750 230,838
Current assets
Stocks 500 -
Debtors 10,502 36,663
Cash at bank and in hand - 2,062
11,002 38,725
Creditors: amounts falling due within one year 3 (77,861) (99,048)
Net current assets (liabilities) (66,859) (60,323)
Total assets less current liabilities 226,891 170,515
Creditors: amounts falling due after more than one year 3 (19,623) (16,250)
Provisions for liabilities (58,750) (46,127)
Total net assets (liabilities) 148,518 108,138
Capital and reserves
Called up share capital 4 2 2
Profit and loss account 148,516 108,136
Shareholders' funds 148,518 108,138
  • 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.

Approved by the Board on 23 September 2015

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 2014

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, and stated after trade discounts and net of value added tax, provided to customers during the year, plus the value of work, and stated after trade discounts and net of 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
Motor vehicles - 25% reducing balance
Tangible fixed assets are stated at cost less accumulated depreciation.

Other accounting policies
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 is valued at the lower of cost and net realisable value.

Net realisable value is based on estimated selling price less any further costs expected to be incurred to completion and disposal.

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
At 1 December 2013 597,500
Additions 235,846
Disposals (251,266)
Revaluations -
Transfers -
At 30 November 2014 582,080
At 1 December 2013 366,662
Charge for the year 97,131
On disposals (175,463)
At 30 November 2014 288,330
Net book values
At 30 November 2014 293,750
At 30 November 2013 230,838
3 Creditors
Secured Debts 42,818 45,361
4 Called Up Share Capital
Allotted, called up and fully paid:
2 Ordinary shares of £1 each 2 2



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