A & B Autospares (Devizes) Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 01473499 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 March 2015

for

A & B Autospares (Devizes) Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

R Winter

SECRETARY:

Mrs S K Winter

REGISTERED OFFICE:

1 - 2 Windsor Drive

DEVIZES

Wiltshire

SN10 2TH

REGISTERED NUMBER:

01473499 (England and Wales)

ACCOUNTANTS:

Monahans

Chartered Accountants

14a Forest Gate

Pewsham

Chippenham

Wiltshire

SN15 3RS

FIXED ASSETS

Tangible assets

2

142

178

CURRENT ASSETS

Stocks

33,468

36,181

Debtors

6,813

5,684

Cash in hand

1,423

2,324

41,704

44,189

CREDITORS

Amounts falling due within one year

19,882

35,184

NET CURRENT ASSETS

21,822

9,005

TOTAL ASSETS LESS CURRENT LIABILITIES

21,964

9,183

CAPITAL AND RESERVES

Called up share capital

3

5,000

5,000

Profit and loss account

16,964

4,183

SHAREHOLDERS' FUNDS

21,964

9,183

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 14 December 2015 and were signed by:

R Winter - 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.

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on straight line basis

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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

and 31 March 2015

32,447

DEPRECIATION

At 1 April 2014

32,269

Charge for year

36

At 31 March 2015

32,305

NET BOOK VALUE

At 31 March 2015

142

At 31 March 2014

178

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

5,000

Ordinary Shares

£1

5,000

5,000

4.	ULTIMATE CONTROLLING PARTY