A & R Automotive (South West) Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 07640337 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 May 2014

for

A & R Automotive (South West) Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mrs R Salter

Mr A Foster

SECRETARY:

Mr A Foster

REGISTERED OFFICE:

107 North Street

Martock

Somerset

TA12 6EJ

REGISTERED NUMBER:

07640337 (England and Wales)

ACCOUNTANTS:

Read & Co.

107 North Street

Martock

Somerset

TA12 6EJ

BANKERS:

Barclays Bank plc

King George Street

Yeovil

Somerset

BA20 1PX

FIXED ASSETS

Tangible assets

2

9,948

11,679

CURRENT ASSETS

Stocks

56,100

50,480

Debtors

707

3,675

Cash at bank

17,103

20,228

73,910

74,383

CREDITORS

Amounts falling due within one year

52,813

62,333

NET CURRENT ASSETS

21,097

12,050

TOTAL ASSETS LESS CURRENT LIABILITIES

31,045

23,729

CREDITORS

Amounts falling due after more than one year

2,137

4,988

NET ASSETS

28,908

18,741

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

28,808

18,641

SHAREHOLDERS' FUNDS

28,908

18,741

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2014 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 16 February 2015 and were signed on its behalf by:

Mrs R Salter - Director

Mr A Foster - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements 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 net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

33% on cost

Stocks

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

moving items.

Deferred tax

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

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 June 2013

18,377

Additions

2,399

At 31 May 2014

20,776

DEPRECIATION

At 1 June 2013

6,698

Charge for year

4,130

At 31 May 2014

10,828

NET BOOK VALUE

At 31 May 2014

9,948

At 31 May 2013

11,679

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.5.14

31.5.13

value:

£

£

100

Ordinary

£1

100

100