Autostar2000 Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 08812168 (England and Wales)

Abbreviated Accounts

for the Period

12 December 2013 to 28 February 2015

for

Autostar2000 Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mr P Harrison

Mr D Creasey

SECRETARY:

Mrs R L Harrison

REGISTERED OFFICE:

Unit 9

Dean Road

Off Bishops Road

LINCOLN

Lincolnshire

LN2 4DR

REGISTERED NUMBER:

08812168 (England and Wales)

ACCOUNTANTS:

Nicholsons

Chartered Accountants

Newland House

The Point

Weaver Road

LINCOLN

Lincolnshire

LN6 3QN

BANKERS:

Santander

19-20 Cornhill

Town Centre

LINCOLN

LN5 7HB

FIXED ASSETS

Tangible assets

2

27,912

CURRENT ASSETS

Stocks

2,486

Debtors

2,785

Cash at bank

9,735

15,006

CREDITORS

Amounts falling due within one year

3

29,693

NET CURRENT LIABILITIES

(14,687

)

TOTAL ASSETS LESS CURRENT LIABILITIES

13,225

CREDITORS

Amounts falling due after more than one year

3

2,840

NET ASSETS

10,385

CAPITAL AND RESERVES

Called up share capital

4

2

Profit and loss account

10,383

SHAREHOLDERS' FUNDS

10,385

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 28 February 2015.

The members have not required the company to obtain an audit of its financial statements for the period ended 28 February 2015 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 2 October 2015 and were signed on its behalf by:

Mr P Harrison - 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, 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.

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

15% on reducing balance

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after

making due allowance for obsolete and slow moving items.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable

overheads.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not

reversed at the balance sheet date. Deferred tax is not recognised when assets are

revalued unless, by the balance sheet date, the company has entered into a binding

agreement to sell the assets and recognised the gains and losses expected to arise on sale

or where assets have been sold and its expected that the taxable gain will be rolled over into

a replacement asset.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts and finance leases are capitalised as

tangible assets and depreciated over the shorter of the lease term and their useful lives.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

Additions

32,228

At 28 February 2015

32,228

DEPRECIATION

Charge for period

4,316

At 28 February 2015

4,316

NET BOOK VALUE

At 28 February 2015

27,912

3.

CREDITORS

Creditors include an amount of £ 4,260 for which security has been given.

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

2

Ordinary

£1

2

2 Ordinary shares of £1 each were allotted and fully paid for cash at par during the period.