Prestige Auto Tech Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 06234048 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 March 2016

for

Prestige Auto Tech Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

Chartered Accountants' Report

4

DIRECTOR:

Stephen Rice

REGISTERED OFFICE:

Unit 4 Hall Business Centre

41 Dolphin Road

Shoreham-by-sea

West Sussex

BN43 6PB

REGISTERED NUMBER:

06234048 (England and Wales)

ACCOUNTANTS:

Shahram Moallemi and Co

Chantry Lodge

Pyecombe

West Sussex

BN45 7EE

FIXED ASSETS

Tangible assets

2

2,408

2,904

CURRENT ASSETS

Debtors

891

3,682

Cash at bank

13,734

21,971

14,625

25,653

CREDITORS

Amounts falling due within one year

15,320

25,716

NET CURRENT LIABILITIES

(695

)

(63

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,713

2,841

CAPITAL AND RESERVES

Called up share capital

3

101

100

Profit and loss account

1,612

2,741

SHAREHOLDERS' FUNDS

1,713

2,841

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 11 December 2016 and were signed by:

Stephen Rice - 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

12,364

Additions

306

At 31 March 2016

12,670

DEPRECIATION

At 1 April 2015

9,460

Charge for year

802

At 31 March 2016

10,262

NET BOOK VALUE

At 31 March 2016

2,408

At 31 March 2015

2,904

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.16

31.3.15

value:

£

100

Ordinary

1

100

1

Ordinary B

£1

1

-

101

100

1 Ordinary B share of £1 was allotted and fully paid for cash at par during the year.

The following reproduces the text of the report prepared for the director in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to three)

have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Prestige Auto Tech Limited for the year ended 31 March 2016 which comprise the Profit and

Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and

explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the director of Prestige Auto Tech Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Prestige Auto Tech Limited and state those matters that we have agreed to state to the director of Prestige Auto Tech Limited in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Prestige Auto Tech Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Prestige Auto Tech Limited. You consider that Prestige Auto Tech Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Prestige Auto Tech Limited. 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 statutory financial statements.

Shahram Moallemi and Co

Chantry Lodge

Pyecombe

West Sussex

BN45 7EE

Date: .............................................