Abbreviated Company Accounts - AUTOMATIC SALES LIMITED

AUTOMATIC SALES LIMITED - Company Information

Registered Number 01524487

AUTOMATIC SALES LIMITED

Abbreviated Accounts

31 January 2014

AUTOMATIC SALES LIMITED Registered Number 01524487

Abbreviated Balance Sheet as at 31 January 2014

	Notes	2014	2013
		£	£
Fixed assets
Intangible assets	2	489,652	527,002
Tangible assets	3	8,311,619	8,203,132
Investments	4	135,000	135,000
		8,936,271	8,865,134
Current assets
Stocks		7,030	13,406
Debtors		3,236,275	3,135,019
Cash at bank and in hand		4,333	23,055
		3,247,638	3,171,480
Creditors: amounts falling due within one year		(2,615,822)	(2,554,732)
Net current assets (liabilities)		631,816	616,748
Total assets less current liabilities		9,568,087	9,481,882
Creditors: amounts falling due after more than one year		(6,646,259)	(6,828,588)
Provisions for liabilities		(162,574)	(150,772)
Total net assets (liabilities)		2,759,254	2,502,522
Capital and reserves
Called up share capital		100	100
Revaluation reserve		129,972	-
Other reserves		70,000	70,000
Profit and loss account		2,559,182	2,432,422
Shareholders' funds		2,759,254	2,502,522

For the year ending 31 January 2014 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 10 October 2014

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 2014

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 2013	747,002
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 January 2014	747,002
Amortisation
At 1 February 2013	220,000
Charge for the year	37,350
On disposals	-
At 31 January 2014	257,350
Net book values
At 31 January 2014	489,652
At 31 January 2013	527,002

3Tangible fixed assets

	£
Cost
At 1 February 2013	8,666,841
Additions	37,800
Disposals	-
Revaluations	129,972
Transfers	-
At 31 January 2014	8,834,613
Depreciation
At 1 February 2013	463,709
Charge for the year	59,285
On disposals	-
At 31 January 2014	522,994
Net book values
At 31 January 2014	8,311,619
At 31 January 2013	8,203,132

4Fixed assets Investments
Balance brought forward and carried forward was £ 135000.