Autos Great Britain Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 02134466 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 August 2014

for

Autos Great Britain Limited

Page

Company Information

1

Certified Accountants' Report

2

Abbreviated Balance Sheet

3

Notes to the Abbreviated Accounts

5

DIRECTORS:

Mr F S Wakeford

Mr M F Gates

Mr T E Gates

SECRETARY:

Mr F S Wakeford

REGISTERED OFFICE:

9 The Mews

Melbourne

Derbyshire

DE73 8DW

REGISTERED NUMBER:

02134466 (England and Wales)

ACCOUNTANTS:

Andersons Accountants Ltd

Chartered Certified Accountants

Bank Chambers

Market Place

Melbourne

Derbyshire

DE73 8DS

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

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages three to six)

have been prepared.

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

financial statements of Autos Great Britain Limited for the year ended 31 August 2014 which comprise the Profit and

Loss Account, the 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 Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://rulebook.accaglobal.com.

This report is made solely to the Board of Directors of Autos Great Britain Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Autos Great Britain Limited and state those matters that we have agreed to state to the Board of Directors of Autos Great Britain Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Autos Great Britain Limited 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 loss of Autos Great Britain Limited. You consider that Autos Great Britain Limited 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 Autos Great Britain

Limited. 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.

Andersons Accountants Ltd

Chartered Certified Accountants

Bank Chambers

Market Place

Melbourne

Derbyshire

DE73 8DS

21 May 2015

FIXED ASSETS

Tangible assets

2

196

143

CURRENT ASSETS

Stocks

42,063

48,625

Debtors

13,239

12,918

Cash at bank and in hand

14,432

9,159

69,734

70,702

CREDITORS

Amounts falling due within one year

62,909

61,750

NET CURRENT ASSETS

6,825

8,952

TOTAL ASSETS LESS CURRENT LIABILITIES

7,021

9,095

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

6,921

8,995

SHAREHOLDERS' FUNDS

7,021

9,095

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 21 May 2015 and were signed on its behalf by:

Mr F S Wakeford - 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, raised at point of despatch, 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.

Fixtures and fittings

-

10% on reducing balance

Computer equipment

-

25% on reducing balance

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the

balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling

at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2013

2,648

Additions

150

Disposals

(1,813

)

At 31 August 2014

985

DEPRECIATION

At 1 September 2013

2,505

Charge for year

47

Eliminated on disposal

(1,763

)

At 31 August 2014

789

NET BOOK VALUE

At 31 August 2014

196

At 31 August 2013

143

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

80

Ordinary

£1

80

80

20

Ordinary A

£1

20

20

100

100

4.	GOING CONCERN

The directors have reviewed the financial performance of the company, and are satisfied the company will

remain a going concern for at least twelve months from the date of signing the accounts.