Abbreviated Company Accounts - FOR AUTOS LTD

09046677 FOR AUTOS LTD 2016-05-31 false 2015-06-01 2016-05-31 true 09046677 2015-06-01 2016-05-31 09046677 2016-05-31 09046677 2015-05-31 09046677 uk-gaap-cd-bus:Director1 2015-06-01 2016-05-31 09046677 uk-gaap-cd-bus:Director2 2015-06-01 2016-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-06-01 2016-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-05-31 iso4217:GBP shares

Registered Number 09046677

FOR AUTOS LTD

Abbreviated Accounts

31 May 2016

FOR AUTOS LTD Registered Number 09046677

Abbreviated Balance Sheet as at 31 May 2016

	Notes	2016	2015
		£	£
Called up share capital not paid		1	1
Fixed assets
Tangible assets	2	5,225	7,838
		5,225	7,838
Current assets
Stocks		51,555	55,387
Debtors	3	8,525	1,067
Cash at bank and in hand		2,012	550
		62,092	57,004
Creditors: amounts falling due within one year	4	(58,910)	(58,799)
Net current assets (liabilities)		3,182	(1,795)
Total assets less current liabilities		8,408	6,044
Total net assets (liabilities)		8,408	6,044
Capital and reserves
Called up share capital	5	1	1
Profit and loss account		8,407	6,043
Shareholders' funds		8,408	6,044

For the year ending 31 May 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 30 September 2016

And signed on their behalf by:
Sharzad Nasrat, Director

FOR AUTOS LTD Registered Number 09046677

Notes to the Abbreviated Accounts for the period ended 31 May 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, excluding value added tax

Tangible assets depreciation policy
Depreciation is provided at the following annual rates in order to write off each asset over its estimate useful life
Computers @ 25% on cost
Fixtures and fittings @ 25% on cost

Other accounting policies
The principal activity of the company during the year was providing automotive fuel., stores with food, beverage or tobacco

2Tangible fixed assets

	£
Cost
At 1 June 2015	10,450
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 May 2016	10,450
Depreciation
At 1 June 2015	2,612
Charge for the year	2,613
On disposals	-
At 31 May 2016	5,225
Net book values
At 31 May 2016	5,225
At 31 May 2015	7,838

Computer @ 25% on Cost
Fixtures and fittings @ 25% on cost

3Debtors

	2016 £	2015 £
Debtors include the following amounts due after more than one year	8,525	1,067

4Creditors

	2016 £	2015 £
Secured Debts	53,760	54,637
Instalment debts due after 5 years	5,150	4,162

5Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
1 A Ordinary shares of £1 each	1	1