AUTO SALVAGE RECOVERY UK LIMITED Small abbreviated accounts

AUTO SALVAGE RECOVERY UK LIMITED Small abbreviated accounts

AUTO SALVAGE RECOVERY UK LIMITED - Company Information

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FY Private Limited Company Company accounts 2016-11-11 2016-11-11 false true false false false false false false false false false false true true 2015-09-01 true xbrli:pure xbrli:shares iso4217:GBP 09233972 2015-09-01 2016-08-31 09233972 2016-08-31 09233972 2015-08-31 09233972 2015-08-31 09233972 uk-bus:EntityAccountantsOrAuditors uk-bus:PrincipalAgent 2015-09-01 2016-08-31 09233972 uk-bus:OrdinaryShareClass1 2015-09-01 2016-08-31 09233972 uk-bus:Director1 2015-09-01 2016-08-31 09233972 uk-gaap:AllSubsidiaries 2015-09-01 2016-08-31 09233972 uk-bus:OrdinaryShareClass1 2016-08-31 09233972 uk-bus:OrdinaryShareClass1 2015-08-31 09233972 uk-lang:English 2015-09-01 2016-08-31 09233972 uk-curr:PoundSterling 2015-09-01 2016-08-31
COMPANY REGISTRATION NUMBER 09233972
AUTO SALVAGE RECOVERY UK LIMITED
UNAUDITED ABBREVIATED ACCOUNTS
31 August 2016
BRAMWELL MORRIS
Chartered Accountants
18 Mulberry Avenue
Turnstone Business Park
Widnes
Cheshire
WA8 0WN
AUTO SALVAGE RECOVERY UK LIMITED
ACCOUNTANTS' REPORT TO THE DIRECTOR OF AUTO SALVAGE
RECOVERY UK LIMITED
YEAR ENDED 31 AUGUST 2016
In accordance with the engagement letter dated DATE REQUIRED IN - REPORTS - SETUP - ACTION DATES - ROW 9., and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled the financial statements of the company which comprise the Balance Sheet and the related notes from the accounting records and information and explanations you have given to us.
This report is made to the Company's Director, in accordance with the terms of our engagement. Our work has been undertaken so that we might compile the financial statements that we have been engaged to compile, report to the Company's Director that we have done so, and state those matters that we have agreed to state to him in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's Director, for our work or for this report.
We have carried out this engagement in accordance with technical guidance issued by the Institute of Chartered Accountants in England and Wales and have complied with the ethical guidance laid down by the Institute relating to members undertaking the compilation of financial statements.
You have acknowledged on the balance sheet as at 31 August 2016 your duty to ensure that the company has kept adequate accounting records and to prepare financial statements that give a true and fair view under the Companies Act 2006. You consider that the company is exempt from the statutory requirement for an audit for the year.
We have not been instructed to carry out an audit of the financial statements. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
BRAMWELL MORRIS Chartered Accountants
18 Mulberry Avenue Turnstone Business Park Widnes Cheshire WA8 0WN
19 September 2016
AUTO SALVAGE RECOVERY UK LIMITED
ABBREVIATED BALANCE SHEET
31 August 2016
2016
2015
Note
£
£
£
FIXED ASSETS
2
Tangible assets
87,000
47,000
---------
---------
CURRENT ASSETS
Cash at bank and in hand
3,391
5,201
CREDITORS: Amounts falling due within one year
11,186
11,140
---------
---------
NET CURRENT LIABILITIES
( 7,795)
( 5,939)
---------
---------
TOTAL ASSETS LESS CURRENT LIABILITIES
79,205
41,061
---------
---------
CAPITAL AND RESERVES
Called up equity share capital
3
100
100
Profit and loss account
79,105
40,961
---------
---------
SHAREHOLDERS' FUNDS
79,205
41,061
---------
---------
For the year ended 31 August 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These abbreviated accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime.
These abbreviated accounts were approved and signed by the director and authorised for issue on 19 September 2016 .
Mr G Goulding Director
Company Registration Number: 09233972
AUTO SALVAGE RECOVERY UK LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
YEAR ENDED 31 AUGUST 2016
1. ACCOUNTING POLICIES
Basis of accounting
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
The turnover shown in the profit and loss account represents amounts invoiced during the year.
Fixed assets
All fixed assets are initially recorded at cost.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
2. FIXED ASSETS
Tangible Assets
£
COST
At 1 September 2015
47,000
Additions
40,000
---------
At 31 August 2016
87,000
---------
DEPRECIATION
–
----
NET BOOK VALUE
At 31 August 2016
87,000
---------
At 31 August 2015
47,000
---------
3. SHARE CAPITAL
Allotted, called up and fully paid:
2016
2015
No.
£
No.
£
Ordinary shares of £ 1 each
100
100
100
100
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