A C F (TRUCK PARTS) LTD - Accounts to registrar - small 17.1

REGISTERED NUMBER: 07331163 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2016

for

A C F (TRUCK PARTS) LTD

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

Report of the Accountants

6

DIRECTORS:

R Bradford

K J Bradford

REGISTERED OFFICE:

23 Mountside

Stanmore

Middlesex

HA7 2DS

REGISTERED NUMBER:

07331163 (England and Wales)

ACCOUNTANTS:

KIAN & CO.

Chartered Accountants

23 Mountside

Stanmore

Middlesex

HA7 2DS

FIXED ASSETS

Tangible assets

4

3,644

5,466

CURRENT ASSETS

Stocks

30,718

39,642

Debtors

70,036

111,624

Cash at bank

38,156

13,214

138,910

164,480

CREDITORS

Amounts falling due within one year

103,935

142,635

NET CURRENT ASSETS

34,975

21,845

TOTAL ASSETS LESS CURRENT LIABILITIES

38,619

27,311

PROVISIONS FOR LIABILITIES

619

984

NET ASSETS

38,000

26,327

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

37,900

26,227

SHAREHOLDERS' FUNDS

38,000

26,327

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 December 2016 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 28 April 2017 and were signed on its behalf by:

R Bradford - Director

1.	STATUTORY INFORMATION

A C F (TRUCK PARTS) LTD is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

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

Plant and machinery etc

-

33% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and

slow moving items.

Cost is determined on a first in first out basis. Net realisable value represents estimated selling price less costs

to complete and sell. Provision is made for slow moving, obsolete or damaged stock where the net realisable

value is less than cost.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that that have been enacted

or substantively enacted by the balance sheet date.

Deferred tax

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

balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different

from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and

laws that have been enacted or substantively enacted by the year end and that are expected to apply to the

reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 January 2016

and 31 December 2016

8,200

DEPRECIATION

At 1 January 2016

2,734

Charge for year

1,822

At 31 December 2016

4,556

NET BOOK VALUE

At 31 December 2016

3,644

At 31 December 2015

5,466

5.	ULTIMATE CONTROLLING PARTY

The company was controlled throughout the year by its directors Messrs R and K Bradford.

The following reproduces the text of the report prepared for the directors and members in respect of the

company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is

only required to file a Balance Sheet. Readers are cautioned that the Abridged Income Statement and certain

other primary statements and the Report of the Directors are not required to be filed with the Registrar of

Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 December 2016 set out on pages to and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

KIAN & CO.

Chartered Accountants

23 Mountside

Stanmore

Middlesex

HA7 2DS

28 April 2017