Autobahn Servicing Halesowen Ltd - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 08580207 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 August 2015

for

Autobahn Servicing Halesowen Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

R J Meredith

REGISTERED OFFICE:

Unit 13 Belfont Trading Estate

Mucklow Hill

Halesowen

West Midlands

B62 8DR

REGISTERED NUMBER:

08580207 (England and Wales)

ACCOUNTANTS:

Derek Young & Co

Chartered Accountants

Estate House

Evesham Street

Redditch

Worcestershire

B97 4HP

FIXED ASSETS

Tangible assets

2

14,042

9,390

CURRENT ASSETS

Stocks

19,355

8,225

Debtors

11,215

15,761

Cash at bank and in hand

4,726

13,893

35,296

37,879

CREDITORS

Amounts falling due within one year

62,719

66,749

NET CURRENT LIABILITIES

(27,423

)

(28,870

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(13,381

)

(19,480

)

CAPITAL AND RESERVES

Called up share capital

3

1

1

Profit and loss account

(13,382

)

(19,481

)

SHAREHOLDERS' FUNDS

(13,381

)

(19,480

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2015 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 30 November 2015 and were signed by:

R J Meredith - 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 amounts derived from the provision of goods and services falling within the company's

ordinary activities, after deduction of trade discounts, value added tax and any other tax based on the amounts so

derived.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Tools & equipment

-

25% on reducing balance

Fixtures and fittings

-

15% 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2014

12,245

Additions

9,075

At 31 August 2015

21,320

DEPRECIATION

At 1 September 2014

2,855

Charge for year

4,423

At 31 August 2015

7,278

NET BOOK VALUE

At 31 August 2015

14,042

At 31 August 2014

9,390

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

2

Ordinary

£1

1

1

1 Ordinary share of £1 was issued during the year for cash of £ 1 .