Abbreviated Company Accounts - AUTO TRADE TYRES LTD

AUTO TRADE TYRES LTD - Company Information

05925605 AUTO TRADE TYRES LTD 2014-05-31 false 2013-06-01 2014-05-31 true 05925605 2013-06-01 2014-05-31 05925605 2014-05-31 05925605 2013-05-31 05925605 uk-gaap-cd-bus:Director1 2013-06-01 2014-05-31 05925605 uk-gaap-cd-bus:Director2 2013-06-01 2014-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-06-01 2014-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-05-31 iso4217:GBP shares

Registered Number 05925605

AUTO TRADE TYRES LTD

Abbreviated Accounts

31 May 2014

AUTO TRADE TYRES LTD Registered Number 05925605

Abbreviated Balance Sheet as at 31 May 2014

	Notes	2014	2013
		£	£
Fixed assets
Intangible assets	2	24,000	30,000
Tangible assets	3	3,530	4,707
		27,530	34,707
Current assets
Stocks		5,960	8,300
Debtors		17,283	25,843
Cash at bank and in hand		28,496	19,575
		51,739	53,718
Creditors: amounts falling due within one year		(75,213)	(86,131)
Net current assets (liabilities)		(23,474)	(32,413)
Total assets less current liabilities		4,056	2,294
Provisions for liabilities		(118)	(224)
Total net assets (liabilities)		3,938	2,070
Capital and reserves
Called up share capital	4	1,000	1,000
Profit and loss account		2,938	1,070
Shareholders' funds		3,938	2,070

For the year ending 31 May 2014 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 31 July 2014

And signed on their behalf by:
D L HUMBER, Director
A G STONE, Director

AUTO TRADE TYRES LTD Registered Number 05925605

Notes to the Abbreviated Accounts for the period ended 31 May 2014

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.

Tangible assets depreciation policy
Plant and machinery is depreciated at 25% on reducing balance.

Intangible assets amortisation policy
Goodwill is written off evenly over 10 years

2Intangible fixed assets

	£
Cost
At 1 June 2013	60,000
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 May 2014	60,000
Amortisation
At 1 June 2013	30,000
Charge for the year	6,000
On disposals	-
At 31 May 2014	36,000
Net book values
At 31 May 2014	24,000
At 31 May 2013	30,000

3Tangible fixed assets

	£
Cost
At 1 June 2013	19,834
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 May 2014	19,834
Depreciation
At 1 June 2013	15,127
Charge for the year	1,177
On disposals	-
At 31 May 2014	16,304
Net book values
At 31 May 2014	3,530
At 31 May 2013	4,707

4Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
1,000 Ordinary shares of £1 each	1,000	1,000