back to PEXALL SERVICE STATION LIMITED detail Abbreviated Company Accounts - PEXALL SERVICE STATION LIMITED

Registered Number 00670944

PEXALL SERVICE STATION LIMITED

Abbreviated Accounts

30 September 2016

PEXALL SERVICE STATION LIMITED Registered Number 00670944

Abbreviated Balance Sheet as at 30 September 2016

Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 59,713 65,987
59,713 65,987
Current assets
Stocks 74,926 63,834
Debtors 53,110 64,018
Cash at bank and in hand 24,953 28,546
152,989 156,398
Creditors: amounts falling due within one year (100,261) (78,579)
Net current assets (liabilities) 52,728 77,819
Total assets less current liabilities 112,441 143,806
Total net assets (liabilities) 112,441 143,806
Capital and reserves
Called up share capital 500 500
Profit and loss account 111,941 143,306
Shareholders' funds 112,441 143,806
  • For the year ending 30 September 2016 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 20 June 2017

And signed on their behalf by:
K J Deaville, Director

PEXALL SERVICE STATION LIMITED Registered Number 00670944

Notes to the Abbreviated Accounts for the period ended 30 September 2016

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 net invoiced sales of goods, excluding value added tax.

Tangible assets depreciation policy
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Workshop, testing bay and offices - 2.5% on cost
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

2Tangible fixed assets
£
Cost
At 1 October 2015 321,358
Additions -
Disposals -
Revaluations -
Transfers -
At 30 September 2016 321,358
Depreciation
At 1 October 2015 255,371
Charge for the year 6,274
On disposals -
At 30 September 2016 261,645
Net book values
At 30 September 2016 59,713
At 30 September 2015 65,987