AUTOWEB.CO.UK_LTD - Accounts
AUTOWEB.CO.UK_LTD - Accounts
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
30 APRIL 2016
COMPANY REGISTRATION NO. 05404620 (England and Wales)
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
ABBREVIATED BALANCE SHEET
AS AT
30 APRIL 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
Current assets
Debtors
Cash at bank and in hand
Creditors: amounts falling due within one year
3
(255,998 )
(200,407 )
Net current assets
Total assets less current liabilities
Creditors: amounts falling due after more than one year
4
(37,509 )
(50,847 )
Provisions for liabilities
(7,246 )
(5,925 )
301,108
327,164
Capital and reserves
Called up share capital
5
Profit and loss account
Shareholders' funds
Directors' responsibilities:
-
-
Approved by the Board for issue on 19 October 2016
Director
Company Registration No. 05404620
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 APRIL 2016
- 2 -
1
Accounting policies
1.1
Accounting convention
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
1.4
Goodwill
1.5
Trademark
Patents are valued at cost less accumulated amortisation. Amortisation is calculated to write off the cost in equal annual instalments over their estimated useful lives.
1.6
Tangible fixed assets and depreciation
Freehold property
Computer equipment
Furniture and equipment
Motor vehicles
1.7
Leasing
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
1.8
Deferred taxation
Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2016
- 3 -
2
Fixed assets
Intangible assets
Tangible assets
Total
£
£
£
Cost
At 1 May 2015
313,806
Additions
-
19,194
Disposals
-
(6,766 )
(6,766)
At 30 April 2016
326,234
Depreciation
At 1 May 2015
134,979
On disposals
-
(6,766 )
(6,766)
Charge for the year
-
12,962
At 30 April 2016
141,175
Net book value
At 30 April 2016
-
185,059
At 30 April 2015
-
178,826
3
Creditors: amounts falling due within one year
The aggregate amount of creditors for which security has been given amounted to £12,800 (2015 - £12,300).
4
Creditors: amounts falling due after more than one year
The aggregate amount of creditors for which security has been given amounted to £37,509 (2015 - £50,847).
5
Share capital
2016
2015
£
£
Allotted, called up and fully paid