Arjun Autolease Limited - Accounts to registrar (filleted) - small 18.2

Arjun Autolease Limited - Accounts to registrar (filleted) - small 18.2

ARJUN AUTOLEASE LIMITED - Company Information

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REGISTERED NUMBER: 04528086 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2017

FOR

ARJUN AUTOLEASE LIMITED
ARJUN AUTOLEASE LIMITED (REGISTERED NUMBER: 04528086)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2017




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ARJUN AUTOLEASE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2017







DIRECTOR: T S Toor





SECRETARY: K K Dhillon





REGISTERED OFFICE: 12 Conqueror Court
Sittingbourne
Kent
ME10 5BH





REGISTERED NUMBER: 04528086 (England and Wales)





ACCOUNTANTS: Williams Giles Limited
Chartered Accountants
12 Conqueror Court
Sittingbourne
Kent
ME10 5BH
Page 1
ARJUN AUTOLEASE LIMITED (REGISTERED NUMBER: 04528086)

BALANCE SHEET
31 DECEMBER 2017

2017 2016
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 1,510 2,013

CURRENT ASSETS
Stocks 15,000 100,255
Debtors 4 1,628 -
Cash at bank and in hand 8,250 31,835
24,878 132,090
CREDITORS
Amounts falling due within one year 5 18,951 123,946
NET CURRENT ASSETS 5,927 8,144
TOTAL ASSETS LESS CURRENT
LIABILITIES
7,437
10,157

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 7,337 10,057
SHAREHOLDERS' FUNDS 7,437 10,157

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies
Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections
394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial
statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 28 January 2019 and were signed by:





T S Toor - Director


The notes form part of these financial statements

Page 2
ARJUN AUTOLEASE LIMITED (REGISTERED NUMBER: 04528086)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2017

1. STATUTORY INFORMATION

Arjun Autolease Limited is a private company, limited by shares , registered in England and Wales. The
company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,
value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow
moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to
the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or
substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance
sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that
have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the
timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they
will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Page 3 continued...
ARJUN AUTOLEASE LIMITED (REGISTERED NUMBER: 04528086)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2017

3. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2017 - 5,835 5,835
Additions 96,500 - 96,500
Disposals (96,500 ) - (96,500 )
At 31 December 2017 - 5,835 5,835
DEPRECIATION
At 1 January 2017 - 3,822 3,822
Charge for year - 503 503
At 31 December 2017 - 4,325 4,325
NET BOOK VALUE
At 31 December 2017 - 1,510 1,510
At 31 December 2016 - 2,013 2,013

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Other debtors 1,628 -

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Taxation and social security - 6,454
Other creditors 18,951 117,492
18,951 123,946

Page 4