Autonatic Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 04941161 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 December 2015

for

Autonatic Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

K Bell

Mrs E Bell

SECRETARY:

Mrs E Bell

REGISTERED OFFICE:

2 St Davids Close

Odiham

Hook

Hampshire

RG29 1PD

REGISTERED NUMBER:

04941161 (England and Wales)

ACCOUNTANTS:

EPS Accounting Limited

2 St Davids Close

Odiham

Hook

Hampshire

RG29 1PD

FIXED ASSETS

Investment property

2

137,415

CURRENT ASSETS

Stocks

-

1,493

Debtors

18,447

33,003

Cash at bank

111,245

119,868

129,692

154,364

CREDITORS

Amounts falling due within one year

2,463

2,504

NET CURRENT ASSETS

127,229

151,860

TOTAL ASSETS LESS CURRENT
LIABILITIES

264,644

289,275

CAPITAL AND RESERVES

Called up share capital

3

1,000

Profit and loss account

263,644

288,275

SHAREHOLDERS' FUNDS

264,644

289,275

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 24 June 2016 and were signed on its behalf by:

K Bell - Director

Mrs E Bell - 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 January 2015).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in

market value is transferred to a revaluation reserve.

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.	INVESTMENT PROPERTY

Total

£

COST

At 1 January 2015

and 31 December 2015

137,415

NET BOOK VALUE

At 31 December 2015

137,415

At 31 December 2014

137,415

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.15

31.12.14

value:

£

1,000

Ordinary

1

1,000

4.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2015 and

31 December 2014:

31.12.15

31.12.14

£

K Bell and Mrs E Bell

Balance outstanding at start of year

12,970

(8,614

)

Amounts advanced

52,177

46,584

Amounts repaid

(64,222

)

(25,000

)

Balance outstanding at end of year

925

12,970

Interest has been added to overdrawn loan accounts at 4% (2014 4%)