Registered number
08584295
Old Town Car Wash Ltd
Abbreviated Accounts
30 June 2015
Old Town Car Wash Ltd
Report to the directors on the preparation of the unaudited abbreviated accounts of Old Town Car Wash Ltd for the year ended 30 June 2015
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the abbreviated accounts of Old Town Car Wash Ltd for the year ended 30 June 2015 which comprise of the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at
http://rulebook.accaglobal.com/
It is your duty to ensure that Old Town Car Wash Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Old Town Car Wash Ltd. You consider that Old Town Car Wash Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Old Town Car Wash Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the abbreviated accounts.
G C Forest & Co
Chartered Certified Accountants
190 Billet Road
London
E17 5DX
23 November 2015
Old Town Car Wash Ltd
Registered number: 08584295
Abbreviated Balance Sheet
as at 30 June 2015
Notes 2015 2014
£ £
Fixed assets
Tangible assets 2 1,777 2,091
Current assets
Stocks 341 -
Cash at bank and in hand 2,673 4,704
3,014 4,704
Creditors: amounts falling due within one year (9,186) (4,630)
Net current (liabilities)/assets (6,172) 74
Net (liabilities)/assets (4,395) 2,165
Capital and reserves
Called up share capital 3 100 100
Profit and loss account (4,495) 2,065
Shareholders' funds (4,395) 2,165
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
Mr Fatmir Bruci
Director
Approved by the board on 23 November 2015
Old Town Car Wash Ltd
Notes to the Abbreviated Accounts
for the year ended 30 June 2015
1 Accounting policies
Basis of preparation
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
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and machinery 15% on written down value
Stocks
Stock is valued at the lower of cost and net realisable value.
Deferred taxation
Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.No provision was found to be necessary for the year ended 30 June 2015.
2 Tangible fixed assets £
Cost
At 1 July 2014 2,460
At 30 June 2015 2,460
Depreciation
At 1 July 2014 369
Charge for the year 314
At 30 June 2015 683
Net book value
At 30 June 2015 1,777
At 30 June 2014 2,091
3 Share capital Nominal 2015 2015 2014
value Number £ £
Allotted, called up and fully paid:
Ordinary shares £1 each 100 100 100
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