A J P Automotive Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05969447 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 October 2018

for

A J P Automotive Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Chartered Accountants' Report

6

DIRECTOR:

A J Pommersheim

SECRETARY:

REGISTERED OFFICE:

Screatons Ltd

Ratcliffe Road

Atherstone

Warwickshire

CV9 1LF

REGISTERED NUMBER:

05969447 (England and Wales)

ACCOUNTANTS:

Screatons Ltd

Former Atherstone College

Ratcliffe Road

Atherstone

Warwickshire

CV9 1LF

FIXED ASSETS

Tangible assets

4

1,832

2,442

CURRENT ASSETS

Cash at bank

111,162

74,167

CREDITORS

Amounts falling due within one year

5

53,035

16,650

NET CURRENT ASSETS

58,127

57,517

TOTAL ASSETS LESS CURRENT LIABILITIES

59,959

59,959

CAPITAL AND RESERVES

Called up share capital

6

1

1

Retained earnings

7

59,958

59,958

SHAREHOLDERS' FUNDS

59,959

59,959

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2018 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 24 April 2019 and were signed by:

A J Pommersheim - Director

1.	STATUTORY INFORMATION

A J P Automotive Ltd 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" 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 each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2017 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 November 2017

and 31 October 2018

7,372

781

291

3,758

12,202

DEPRECIATION

At 1 November 2017

5,559

737

291

3,173

9,760

Charge for year

453

11

-

146

610

At 31 October 2018

6,012

748

291

3,319

10,370

NET BOOK VALUE

At 31 October 2018

1,360

33

-

439

1,832

At 31 October 2017

1,813

44

-

585

2,442

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.18

31.10.17

£

£

Trade creditors

-

1

Tax

5,886

10,200

VAT

8,046

5,234

Directors' current accounts

38,594

721

Accrued expenses

509

494

53,035

16,650

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.10.18

31.10.17

value:

£

£

1

Ordinary

£1

1

1

7.

RESERVES

Retained

earnings

£

At 1 November 2017

59,958

Profit for the year

24,484

Dividends

(24,484

)

At 31 October 2018

59,958

8.	RELATED PARTY DISCLOSURES

Mr A J Pommersheim who is both the sole shareholder and sole director of the company.

9.	ULTIMATE CONTROLLING PARTY

Mr A J Pommersheim is the ultimate controlling party.

The following reproduces the text of the report prepared for the director in respect of the company's annual

unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file

a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the

Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of A J P Automotive Ltd for the year ended 31 October 2018 which comprise the Income Statement,

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 Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of A J P Automotive Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of A J P Automotive Ltd and state those matters that we have agreed to state to the director of A J P Automotive Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than A J P Automotive Ltd and its director for our work or for this report.

It is your duty to ensure that A J P Automotive Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of A J P Automotive Ltd. You consider that A J P Automotive 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 financial statements of A J P Automotive 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 statutory financial statements.

Screatons Ltd

Former Atherstone College

Ratcliffe Road

Atherstone

Warwickshire

CV9 1LF

24 April 2019