Auto Diesel Technics Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04469109 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2019

FOR

AUTO DIESEL TECHNICS LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr S B Shuttleworth

Mrs J Shuttleworth

SECRETARY:

Mrs J Shuttleworth

REGISTERED OFFICE:

Sandside Garage

Sandhall Road

Ulverston

Cumbria

LA12 9EG

REGISTERED NUMBER:

04469109 (England and Wales)

BANKERS:

Barclays Bank plc

86-88 Dalton Road

Barrow in Furness

Cumbria

LA14 1JF

FIXED ASSETS

Intangible assets

4

9,000

12,000

Tangible assets

5

4,353

3,870

13,353

15,870

CURRENT ASSETS

Stocks

2,200

2,200

Debtors

7,126

5,723

Cash at bank and in hand

147

6,594

9,473

14,517

CREDITORS

Amounts falling due within one year

22,458

30,285

NET CURRENT LIABILITIES

(12,985

)

(15,768

)

TOTAL ASSETS LESS CURRENT LIABILITIES

368

102

CAPITAL AND RESERVES

Called up share capital

6

2

2

Retained earnings

366

100

SHAREHOLDERS' FUNDS

368

102

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2019 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 financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 July 2019 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors on 23 March 2020 and were signed on its behalf by:

Mr S B Shuttleworth - Director

1.	STATUTORY INFORMATION

Auto Diesel Technics 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

The financial statements have been prepared on the going concern basis the directors having agreed to continue

to support the company.

Turnover

Turnover represents net invoiced sales of goods and services, excluding VAT.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2002, is being amortised evenly over its estimated useful life of twenty years.

Goodwill is initially measured at cost. After initial recognition, goodwill is measured at cost less any

accumulated amortisation and any accumulated impairment losses.

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

-

20% on cost

Fixtures and fittings

-

20% on cost

Motor vehicles

-

20% 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2018 - 3 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 August 2018

and 31 July 2019

60,000

AMORTISATION

At 1 August 2018

48,000

Amortisation for year

3,000

At 31 July 2019

51,000

NET BOOK VALUE

At 31 July 2019

9,000

At 31 July 2018

12,000

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 August 2018

47,644

Additions

3,686

At 31 July 2019

51,330

DEPRECIATION

At 1 August 2018

43,774

Charge for year

3,203

At 31 July 2019

46,977

NET BOOK VALUE

At 31 July 2019

4,353

At 31 July 2018

3,870

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.7.19

31.7.18

value:

£

£

2

Ordinary

£1

2

2

7.	RELATED PARTY DISCLOSURES

At 31st July 2019 Mr and Mrs Shuttleworth, directors of the company, had on an unsecured interest free basis

advanced £7,874 to the company.

(Prior year £17,407).

8.	ULTIMATE CONTROLLING PARTY

The company is controlled by Mr and Mrs S B Shuttleworth.