Auto Vehicle Solutions Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 06474349 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 March 2016

for

AUTO VEHICLE SOLUTIONS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

WR Wells

SECRETARY:

Mrs D A Wells

REGISTERED OFFICE:

41 St Thomas's Road

Chorley

Lancashire

PR7 1JE

REGISTERED NUMBER:

06474349 (England and Wales)

ACCOUNTANTS:

Abrams Ashton

Chartered Accountants

41 St Thomas's Road

Chorley

Lancashire

PR7 1JE

FIXED ASSETS

Tangible assets

2

274,859

319,118

CURRENT ASSETS

Debtors

22,094

22,816

Cash at bank

26,603

24,887

48,697

47,703

CREDITORS

Amounts falling due within one year

3

115,799

116,196

NET CURRENT LIABILITIES

(67,102

)

(68,493

)

TOTAL ASSETS LESS CURRENT LIABILITIES

207,757

250,625

CREDITORS

Amounts falling due after more than one year

3

170,211

225,990

NET ASSETS

37,546

24,635

CAPITAL AND RESERVES

Called up share capital

4

2

2

Profit and loss account

37,544

24,633

SHAREHOLDERS' FUNDS

37,546

24,635

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 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 25 April 2016 and were signed by:

WR Wells - 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 the value of goods and services, net of value added tax, provided to customers.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Motor vehicles

-

25% on reducing balance

Computer equipment

-

15% on reducing balance

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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The

capital element of the future payments is treated as a liability.

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 April 2015

469,824

Additions

46,129

Disposals

(11,650

)

At 31 March 2016

504,303

DEPRECIATION

At 1 April 2015

150,706

Charge for year

85,473

Eliminated on disposal

(6,735

)

At 31 March 2016

229,444

NET BOOK VALUE

At 31 March 2016

274,859

At 31 March 2015

319,118

3.

CREDITORS

Creditors include an amount of £ 266,593 (31.3.15 - £ 325,744 ) for which security has been given.

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.16

31.3.15

value:

£

£

1

Ordinary 'A'

£1

1

1

1

Ordinary 'B'

£1

1

1

2

2

The 'A' Ordinary shares carry full voting rights in the company the 'B' Ordinary Shares carry no voting rights.