Abbreviated Company Accounts - AUTOMATIC SALES LIMITED

AUTOMATIC SALES LIMITED - Company Information

Registered Number 01524487

AUTOMATIC SALES LIMITED

Abbreviated Accounts

31 January 2015

AUTOMATIC SALES LIMITED Registered Number 01524487

Abbreviated Balance Sheet as at 31 January 2015

	Notes	2015	2014
		£	£
Fixed assets
Intangible assets	2	367,239	489,652
Tangible assets	3	8,298,180	8,311,619
Investments	4	135,000	135,000
		8,800,419	8,936,271
Current assets
Stocks		6,140	7,030
Debtors		3,262,671	3,236,275
Cash at bank and in hand		4,016	4,333
		3,272,827	3,247,638
Creditors: amounts falling due within one year		(2,662,775)	(2,615,822)
Net current assets (liabilities)		610,052	631,816
Total assets less current liabilities		9,410,471	9,568,087
Creditors: amounts falling due after more than one year		(6,506,701)	(6,646,259)
Provisions for liabilities		(161,431)	(162,574)
Total net assets (liabilities)		2,742,339	2,759,254
Capital and reserves
Called up share capital		100	100
Revaluation reserve		129,972	129,972
Other reserves		70,000	70,000
Profit and loss account		2,542,267	2,559,182
Shareholders' funds		2,742,339	2,759,254

For the year ending 31 January 2015 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.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 6 October 2015

And signed on their behalf by:
R S Takhar, Director

AUTOMATIC SALES LIMITED Registered Number 01524487

Notes to the Abbreviated Accounts for the period ended 31 January 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

2Intangible fixed assets

	£
Cost
At 1 February 2014	747,002
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 January 2015	747,002
Amortisation
At 1 February 2014	257,350
Charge for the year	122,413
On disposals	-
At 31 January 2015	379,763
Net book values
At 31 January 2015	367,239
At 31 January 2014	489,652

3Tangible fixed assets

	£
Cost
At 1 February 2014	8,834,613
Additions	42,838
Disposals	-
Revaluations	-
Transfers	-
At 31 January 2015	8,877,451
Depreciation
At 1 February 2014	522,994
Charge for the year	56,277
On disposals	-
At 31 January 2015	579,271
Net book values
At 31 January 2015	8,298,180
At 31 January 2014	8,311,619

4Fixed assets Investments
cost or valuation at 01/02/2014 135000