Abbreviated Company Accounts - AUTOMATIC SALES LIMITED

AUTOMATIC SALES LIMITED - Company Information

Registered Number 01524487

AUTOMATIC SALES LIMITED

Abbreviated Accounts

31 January 2016

AUTOMATIC SALES LIMITED Registered Number 01524487

Abbreviated Balance Sheet as at 31 January 2016

	Notes	2016	2015
		£	£
Fixed assets
Intangible assets	2	244,826	367,239
Tangible assets	3	8,290,342	8,298,180
Investments	4	135,000	135,000
		8,670,168	8,800,419
Current assets
Stocks		8,197	6,140
Debtors		3,291,225	3,262,671
Cash at bank and in hand		4,232	4,016
		3,303,654	3,272,827
Creditors: amounts falling due within one year		(2,713,400)	(2,662,775)
Net current assets (liabilities)		590,254	610,052
Total assets less current liabilities		9,260,422	9,410,471
Creditors: amounts falling due after more than one year		(6,342,146)	(6,506,701)
Provisions for liabilities		(159,219)	(161,431)
Total net assets (liabilities)		2,759,057	2,742,339
Capital and reserves
Called up share capital		100	100
Revaluation reserve		129,972	129,972
Other reserves		70,000	70,000
Profit and loss account		2,558,985	2,542,267
Shareholders' funds		2,759,057	2,742,339

For the year ending 31 January 2016 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 6 October 2016

And signed on their behalf by:
R S Takhar, Director

AUTOMATIC SALES LIMITED Registered Number 01524487

Notes to the Abbreviated Accounts for the period ended 31 January 2016

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.

2Intangible fixed assets

	£
Cost
At 1 February 2015	747,002
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 January 2016	747,002
Amortisation
At 1 February 2015	379,763
Charge for the year	122,413
On disposals	-
At 31 January 2016	502,176
Net book values
At 31 January 2016	244,826
At 31 January 2015	367,239

3Tangible fixed assets

	£
Cost
At 1 February 2015	8,877,451
Additions	45,525
Disposals	-
Revaluations	-
Transfers	-
At 31 January 2016	8,922,976
Depreciation
At 1 February 2015	579,271
Charge for the year	53,363
On disposals	-
At 31 January 2016	632,634
Net book values
At 31 January 2016	8,290,342
At 31 January 2015	8,298,180

4Fixed assets Investments
cost at 01/02/2015 135000