Abbreviated Company Accounts - ARMITS AUTOS LTD

Registered Number SC479262

ARMITS AUTOS LTD

Abbreviated Accounts

30 June 2016

ARMITS AUTOS LTD Registered Number SC479262

Abbreviated Balance Sheet as at 30 June 2016

	Notes	2016	2015
		£	£
Fixed assets
Intangible assets	2	9,000	10,000
Tangible assets	3	63,445	67,336
		72,445	77,336
Current assets
Stocks		55,000	35,000
Debtors		90,451	32,212
Cash at bank and in hand		10,035	8,512
		155,486	75,724
Creditors: amounts falling due within one year		(196,911)	(140,873)
Net current assets (liabilities)		(41,425)	(65,149)
Total assets less current liabilities		31,020	12,187
Total net assets (liabilities)		31,020	12,187
Capital and reserves
Called up share capital		100	100
Other reserves		57,126	-
Profit and loss account		(26,206)	12,087
Shareholders' funds		31,020	12,187

For the year ending 30 June 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 31 March 2017

And signed on their behalf by:
Lynsay Armit, Director

ARMITS AUTOS LTD Registered Number SC479262

Notes to the Abbreviated Accounts for the period ended 30 June 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.

Turnover policy
Turnover represents net invoiced sales of goods and services, excluding value added tax.

Tangible assets depreciation policy
Motor Vehicles 25% on cost
Equipment, fixtures and fittings 15% on cost
Plant and Machinery 15% on cost
Computer Equipment 25% on cost

2Intangible fixed assets

	£
Cost
At 1 July 2015	10,000
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 30 June 2016	10,000
Amortisation
At 1 July 2015	-
Charge for the year	1,000
On disposals	-
At 30 June 2016	1,000
Net book values
At 30 June 2016	9,000
At 30 June 2015	10,000

3Tangible fixed assets

	£
Cost
At 1 July 2015	86,357
Additions	13,890
Disposals	-
Revaluations	-
Transfers	-
At 30 June 2016	100,247
Depreciation
At 1 July 2015	19,021
Charge for the year	17,781
On disposals	-
At 30 June 2016	36,802
Net book values
At 30 June 2016	63,445
At 30 June 2015	67,336