AUTON_&_CO._LIMITED - Accounts

AUTON & CO. LTD. - Company Information

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Company Registration No. 03933899 (England and Wales)

AUTON & CO. LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2016

TWP Accounting LLP

Chartered Accountants

The Old Rectory

Church Street

Weybridge

Surrey

KT13 8DE

AUTON & CO. LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

AUTON & CO. LIMITED

Company Registration No. 03933899

ABBREVIATED BALANCE SHEET

AS AT 30 April 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

120

1,969

Current assets

Debtors

15,348

30,117

Cash at bank and in hand

13,431

6,020

28,779

36,137

Creditors: amounts falling due within one year

(46,645)

(48,126)

Net current liabilities

(17,866)

(11,989)

Total assets less current liabilities

(17,746)

(10,020)

Capital and reserves

Called up share capital

Profit and loss account

(17,748)

(10,022)

Shareholders' funds

(17,746)

(10,020)

For the financial year ended 30 April 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 30 January 2017

L J Auton

Director

AUTON & CO. LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 APRIL 2016

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2

Going concern

The company has made a loss of £7,726 and has net liabilities of £17,746. Included in creditors are amounts due to the directors of £13,337. The directors have confirmed that they will continue to support the company for the foreseeable future and is confident about the company's ability to trade as a going concern and meet its financial obligations. Therefore the accounts have been prepared on the going concern basis.

1.3

Turnover

Turnover comprises revenue recognised by the company in respect of market research services supplied during the year, exclusive of Value Added Tax and trade discounts.

Income is recognised in the period in which the service is supplied.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Computer equipment

25% straight line

Equipment

25% straight line

1.5

Foreign currency translation

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.

Fixed assets

Tangible assets

Cost

At 1 May 2015 & at 30 April 2016

66,099

Depreciation

At 1 May 2015

64,131

Charge for the year

1,848

At 30 April 2016

65,979

Net book value

At 30 April 2016

120

At 30 April 2015

1,969

AUTON & CO. LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 APRIL 2016

- 3 -

Share capital

2016

2015

Allotted, called up and fully paid

2 Ordinary shares of £1 each