Company Registration No. 07389704 (England and Wales)
EMPIRECARS BEDFORD LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2016
EMPIRECARS BEDFORD LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
EMPIRECARS BEDFORD LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 MARCH 2016
31 March 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
8,019
6,549
Current assets
Stocks
237,678
193,826
Debtors
14,419
18,586
Cash at bank and in hand
27,164
31,090
279,261
243,502
Creditors: amounts falling due within one year
(186,891)
(148,414)
Net current assets
92,370
95,088
Total assets less current liabilities
100,389
101,637
Creditors: amounts falling due after more than one year
(100,000)
(100,000)
389
1,637
Capital and reserves
Called up share capital
3
2
2
Profit and loss account
387
1,635
Shareholders'  funds
389
1,637
For the financial year ended 31 March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 15 July 2016
Mr I Aftab
Director
Company Registration No. 07389704
EMPIRECARS BEDFORD LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2016
- 2 -
1
Accounting policies
1.1
Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
Tangible fixed assets and depreciation
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:
Plant and machinery
15% reducing balance method
Computer equipment
33.33% reducing balance method
Fixtures, fittings & equipment
15% reducing balance method
1.5
Leasing
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
1.6
Stock
Stock is valued at the lower of cost and net realisable value.
EMPIRECARS BEDFORD LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2016
- 3 -
2
Fixed assets
Tangible assets
£
Cost
At 1 April 2015
14,061
Additions
3,361
Disposals
(1,266)
At 31 March 2016
16,156
Depreciation
At 1 April 2015
7,512
On disposals
(1,056)
Charge for the year
1,681
At 31 March 2016
8,137
Net book value
At 31 March 2016
8,019
At 31 March 2015
6,549
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
2 Ordinary shares of £1 each
2
2
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