Autoconnect Limited - Abbreviated accounts 16.3

Autoconnect Limited - Abbreviated accounts 16.3

AUTOCONNECT LIMITED - Company Information

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REGISTERED NUMBER: 03349690 (England and Wales)















AUTOCONNECT LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 JULY 2016






AUTOCONNECT LIMITED (REGISTERED NUMBER: 03349690)

CONTENTS OF THE ABBREVIATED ACCOUNTS
For The Year Ended 31 JULY 2016










Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

AUTOCONNECT LIMITED

COMPANY INFORMATION
For The Year Ended 31 JULY 2016







DIRECTORS: P B Clarke
G Daly
Mrs T Clarke





SECRETARY: P B Clarke





REGISTERED OFFICE: Autoconnect House
5 Windsor Road
Redditch
Worcestershire
B97 6DJ





REGISTERED NUMBER: 03349690 (England and Wales)





ACCOUNTANTS: Charles Lovell & Co Limited
Chartered Certified Accountants
and Statutory Auditors
8 Church Green East
Redditch
Worcestershire
B98 8BP
Page 1
AUTOCONNECT LIMITED (REGISTERED NUMBER: 03349690)

ABBREVIATED BALANCE SHEET
31 JULY 2016

31.7.16 31.7.15
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 36,140 52,846
Tangible assets 3 276 125
36,416 52,971

CURRENT ASSETS
Debtors 22,464 22,925
Cash at bank and in hand 12,265 12,664
34,729 35,589
CREDITORS
Amounts falling due within one year 58,353 43,772
NET CURRENT LIABILITIES (23,624 ) (8,183 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
12,792
44,788

CREDITORS
Amounts falling due after more than one
year
40,721
40,721
NET (LIABILITIES)/ASSETS (27,929 ) 4,067

CAPITAL AND RESERVES
Called up share capital 4 100 100
Profit and loss account (28,029 ) 3,967
SHAREHOLDERS' FUNDS (27,929 ) 4,067

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

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

The directors acknowledge their 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 notes form part of these abbreviated accounts

Page 2 continued...
AUTOCONNECT LIMITED (REGISTERED NUMBER: 03349690)

ABBREVIATED BALANCE SHEET - continued
31 JULY 2016


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 Board of Directors on 4 April 2017 and were signed on its
behalf by:





P B Clarke - Director


The notes form part of these abbreviated accounts

Page 3
AUTOCONNECT LIMITED (REGISTERED NUMBER: 03349690)

NOTES TO THE ABBREVIATED ACCOUNTS
For The Year Ended 31 JULY 2016


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.

Development costs
Development costs are being amortised evenly over their estimated useful life of five years.

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

Fixtures and fittings - 20% on reducing balance
Computer equipment - 33% on cost

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

Going concern
The company has net current liabilities of £23,624 and total net liabilities of £35,529 as at the balance
sheet date however the directors have expressed their continued support and have put in measures
which will see the financial position of the company improve and as such the going concern accounting
policy has been used.

2. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 August 2015
and 31 July 2016 117,950
AMORTISATION
At 1 August 2015 65,104
Amortisation for year 16,706
At 31 July 2016 81,810
NET BOOK VALUE

At 31 July 2016 36,140
At 31 July 2015 52,846

Page 4 continued...
AUTOCONNECT LIMITED (REGISTERED NUMBER: 03349690)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
For The Year Ended 31 JULY 2016


3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 August 2015 3,406
Additions 259
At 31 July 2016 3,665
DEPRECIATION
At 1 August 2015 3,281
Charge for year 108
At 31 July 2016 3,389
NET BOOK VALUE
At 31 July 2016 276
At 31 July 2015 125

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.16 31.7.15
value: £    £   
100 Ordinary £1 100 100

Page 5