M L Autos Limited - Accounts to registrar (filleted) - small 18.2

M L Autos Limited - Accounts to registrar (filleted) - small 18.2

M L AUTOS LIMITED - Company Information

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REGISTERED NUMBER: 04608488















Unaudited Financial Statements for the Year Ended 31 December 2018

for

M L Autos Limited
M L Autos Limited (Registered number: 04608488)






Contents of the Financial Statements
for the year ended 31 December 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


M L Autos Limited

Company Information
for the year ended 31 December 2018







DIRECTOR: M Mcgivney





SECRETARY: Mrs H Mcgivney





REGISTERED OFFICE: 57 Oak Grove
Cricklewood
London
NW2 3LS





REGISTERED NUMBER: 04608488





ACCOUNTANTS: J C Associates
Chartered Certified Accountants
& Chartered Accountants
27 Dawpool Road
London
NW2 7LD
Page 1
M L Autos Limited (Registered number: 04608488)

Balance Sheet
31 December 2018

31.12.18 31.12.17
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 10,148 8,609

CURRENT ASSETS
Stocks 5 4,000 3,000
Debtors 6 13,257 7,648
Cash at bank 114,650 87,681
131,907 98,329
CREDITORS
Amounts falling due within one year 7 123,347 82,974
NET CURRENT ASSETS 8,560 15,355
TOTAL ASSETS LESS CURRENT
LIABILITIES
18,708
23,964

CREDITORS
Amounts falling due after more than one
year
8
18,476
23,778
NET ASSETS 232 186

CAPITAL AND RESERVES
Called up share capital 50 50
Retained earnings 182 136
SHAREHOLDERS' FUNDS 232 186

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 notes form part of these financial statements

Page 2 continued...
M L Autos Limited (Registered number: 04608488)

Balance Sheet - continued
31 December 2018


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 17 September 2019 and were signed by:





M Mcgivney - Director


The notes form part of these financial statements

Page 3
M L Autos Limited (Registered number: 04608488)

Notes to the Financial Statements
for the year ended 31 December 2018

1. STATUTORY INFORMATION

M L Autos Limited is a private company, limited by shares , registered in Not specified/Other. 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.
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on cost
Computer equipment - 25% 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the
lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2017 - 2 ) .

Page 4 continued...
M L Autos Limited (Registered number: 04608488)

Notes to the Financial Statements - continued
for the year ended 31 December 2018

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2018 32,903 5,340 2,142 40,385
Additions 7,551 - - 7,551
At 31 December 2018 40,454 5,340 2,142 47,936
DEPRECIATION
At 1 January 2018 25,419 4,215 2,142 31,776
Charge for year 5,637 375 - 6,012
At 31 December 2018 31,056 4,590 2,142 37,788
NET BOOK VALUE
At 31 December 2018 9,398 750 - 10,148
At 31 December 2017 7,484 1,125 - 8,609

5. STOCKS
31.12.18 31.12.17
£    £   
Finished goods 4,000 3,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.18 31.12.17
£    £   
Trade debtors 8,257 2,648
Other debtors 5,000 5,000
13,257 7,648

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.18 31.12.17
£    £   
Trade creditors 11,016 9,955
Taxation and social security 27,331 23,743
Other creditors 85,000 49,276
123,347 82,974

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.18 31.12.17
£    £   
Bank loans 18,476 23,778

Page 5 continued...
M L Autos Limited (Registered number: 04608488)

Notes to the Financial Statements - continued
for the year ended 31 December 2018

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is M Mcgivney.

Page 6