ASHLEY JAMES AUTOMOTIVE LIMITED

ASHLEY JAMES AUTOMOTIVE LIMITED

ASHLEY JAMES AUTOMOTIVE LIMITED - Company Information

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ASHLEY JAMES AUTOMOTIVE LIMITED

Company Registration Number:
11999955 (England and Wales)

Unaudited abridged accounts for the year ended 31 May 2021

Period of accounts

Start date: 01 June 2020

End date: 31 May 2021

ASHLEY JAMES AUTOMOTIVE LIMITED

Contents of the Financial Statements

for the Period Ended 31 May 2021

Balance sheet
Notes

ASHLEY JAMES AUTOMOTIVE LIMITED

Balance sheet

As at 31 May 2021


Notes
2021
13 months to 31 May 2020


£
£
Fixed assets
Tangible assets: 3 24,926 5,866
Total fixed assets: 24,926 5,866
Current assets
Stocks: 61,350 24,682
Debtors:   6,939 11,232
Cash at bank and in hand: 34,283 8,145
Total current assets: 102,572 44,059
Creditors: amounts falling due within one year:   (104,185) (32,987)
Net current assets (liabilities): (1,613) 11,072
Total assets less current liabilities: 23,313 16,938
Creditors: amounts falling due after more than one year:   (18,000) (15,000)
Total net assets (liabilities): 5,313 1,938
Capital and reserves
Called up share capital: 1 1
Profit and loss account: 5,312 1,937
Shareholders funds: 5,313 1,938

The notes form part of these financial statements

ASHLEY JAMES AUTOMOTIVE LIMITED

Balance sheet statements

For the year ending 31 May 2021 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 01 July 2021
and signed on behalf of the board by:

Name: ASHLEY BOUCHER
Status: Director

The notes form part of these financial statements

ASHLEY JAMES AUTOMOTIVE LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2021

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Tangible fixed assets and depreciation policy

Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciationand accumulated impairment losses.At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets todetermine whether there is any indication that any items have suffered an impairment loss. If any suchindication exists, the recoverable amount of an asset is estimated in order to determine the extent of theimpairment loss.Depreciation is provided at the following annual rates in order to write off the cost or valuation less theestimated residual value of each asset over its estimated useful life:Freehold buildings 4% Straight lineFurniture, fittings and equipment 25% Reducing balance

ASHLEY JAMES AUTOMOTIVE LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2021

2. Employees

2021 13 months to 31 May 2020
Average number of employees during the period 2 1

ASHLEY JAMES AUTOMOTIVE LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2021

3. Tangible Assets

Total
Cost £
At 01 June 2020 6,048
Additions 20,908
At 31 May 2021 26,956
Depreciation
At 01 June 2020 182
Charge for year 1,848
At 31 May 2021 2,030
Net book value
At 31 May 2021 24,926
At 31 May 2020 5,866