Company Registration No. 06874285 (England and Wales)
Automania (South Wales) Limited
Unaudited accounts
for the year ended 31 March 2019
Automania (South Wales) Limited
Unaudited accounts
Contents
Automania (South Wales) Limited
Company Information
for the year ended 31 March 2019
Company Number
06874285 (England and Wales)
Registered Office
Walnut Tree Farm
St. Brides Wentlooge
Newport
Gwent
NP10 8SQ
United Kingdom
Accountants
Nathan Evans Limited
16 Cambrian Way
Marshfield
Cardiff
CF3 2WB
Automania (South Wales) Limited
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Automania (South Wales) Limited for the year ended 31 March 2019
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Automania (South Wales) Limited for the year ended
31 March 2019 as set out on pages
5 -
7 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 at icaew.com/membershandbook.
Our work has been undertaken in accordance with AAF 7/16 as detailed at icaew.com/compilation.
Nathan Evans Limited
Chartered Accountants
16 Cambrian Way
Marshfield
Cardiff
CF3 2WB
14 October 2019
Automania (South Wales) Limited
Statement of financial position
as at 31 March 2019
Cash at bank and in hand
66
82
Creditors: amounts falling due within one year
(2,693)
(5,620)
Net current assets/(liabilities)
821
(786)
Called up share capital
2
2
Profit and loss account
1,463
121
Shareholders' funds
1,465
123
For the year ending 31 March 2019 the company was entitled to exemption from audit 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 14 October 2019.
Charles Gay
Director
Company Registration No. 06874285
Automania (South Wales) Limited
Notes to the Accounts
for the year ended 31 March 2019
Automania (South Wales) Limited is a private company, limited by shares, registered in England and Wales, registration number 06874285. The registered office is Walnut Tree Farm, St. Brides Wentlooge, Newport, Gwent, NP10 8SQ, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% straight line
Motor vehicles
25% reducing balance
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 April 2018
400
3,020
3,420
At 31 March 2019
400
3,020
3,420
At 1 April 2018
150
2,361
2,511
Charge for the year
100
165
265
At 31 March 2019
250
2,526
2,776
At 31 March 2019
150
494
644
At 31 March 2018
250
659
909
Automania (South Wales) Limited
Notes to the Accounts
for the year ended 31 March 2019
6
Creditors: amounts falling due within one year
2019
2018
Bank loans and overdrafts
814
679
Taxes and social security
1,477
102
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
The company was under the control of Mr Charles Gay throughout the current and prior period.
Mr Gay owns 100% of the share capital. During the year the company paid dividends of £4,689 (2018: £nil) to the director, Mr Charles Gay.
9
Average number of employees
During the year the average number of employees was 1 (2018: 1).
