Automotive Repair Systems Limited - Accounts to registrar - small 17.1.1
Automotive Repair Systems Limited - Accounts to registrar - small 17.1.1
| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the period |
| 1 September 2015 to 31 December 2016 |
| for |
| Automotive Repair Systems Limited |
| Automotive Repair Systems Limited (Registered number: 04208107) |
| Contents of the Financial Statements |
| for the period 1 September 2015 to 31 December 2016 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| Automotive Repair Systems Limited |
| Company Information |
| for the period 1 September 2015 to 31 December 2016 |
| DIRECTOR: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANT: |
| C7-C8 |
| Spectrum Business Centre |
| Anthony's Way |
| Rochester |
| Kent |
| ME2 4NP |
| Automotive Repair Systems Limited (Registered number: 04208107) |
| Balance Sheet |
| 31 December 2016 |
| 2016 | 2015 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 4 |
| Tangible assets | 5 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 6 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
8 |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 9 |
| Retained earnings | 10 |
| SHAREHOLDERS' FUNDS |
| The director acknowledges his 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. |
| Automotive Repair Systems Limited (Registered number: 04208107) |
| Balance Sheet - continued |
| 31 December 2016 |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements were approved by the director on |
| Automotive Repair Systems Limited (Registered number: 04208107) |
| Notes to the Financial Statements |
| for the period 1 September 2015 to 31 December 2016 |
| 1. | STATUTORY INFORMATION |
| Automotive Repair Systems Limited is a |
| 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 |
| 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 |
| Improvements to property | - |
| Plant and machinery | - |
| Motor vehicles | - |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and |
| slow moving items. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the |
| balance sheet date. |
| Hire purchase and leasing commitments |
| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the |
| lease. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the period was |
| 4. | INTANGIBLE FIXED ASSETS |
| Goodwill |
| £ |
| COST |
| At 1 September 2015 |
| and 31 December 2016 |
| AMORTISATION |
| At 1 September 2015 |
| and 31 December 2016 |
| NET BOOK VALUE |
| At 31 December 2016 |
| At 31 August 2015 |
| Automotive Repair Systems Limited (Registered number: 04208107) |
| Notes to the Financial Statements - continued |
| for the period 1 September 2015 to 31 December 2016 |
| 5. | TANGIBLE FIXED ASSETS |
| Improvements |
| to | Plant and | Motor |
| property | machinery | vehicles | Totals |
| £ | £ | £ | £ |
| COST |
| At 1 September 2015 |
| Additions |
| Disposals | ( |
) | ( |
) |
| At 31 December 2016 |
| DEPRECIATION |
| At 1 September 2015 |
| Charge for period |
| Eliminated on disposal | ( |
) | ( |
) |
| At 31 December 2016 |
| NET BOOK VALUE |
| At 31 December 2016 |
| At 31 August 2015 |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2016 | 2015 |
| £ | £ |
| Trade debtors |
| Amounts owed by group undertakings |
| Other debtors |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2016 | 2015 |
| £ | £ |
| Bank loans and overdrafts |
| Hire purchase contracts |
| Trade creditors |
| Amounts owed to group undertakings |
| Taxation and social security |
| Other creditors |
| 8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2016 | 2015 |
| £ | £ |
| Hire purchase contracts |
| Other creditors |
| Automotive Repair Systems Limited (Registered number: 04208107) |
| Notes to the Financial Statements - continued |
| for the period 1 September 2015 to 31 December 2016 |
| 9. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2016 | 2015 |
| value: | £ | £ |
| Ordinary | £1 | 2 | 2 |
| "A" shares | £1 | 100,000 | 100,000 |
| 100,002 | 100,002 |
| Allotted and issued: |
| Number: | Class: | Nominal | 2016 | 2015 |
| value: | £ | £ |
| Ordinary "E" shares | 1 | 1,690 | 1,690 |
| "A" shares are non-voting and have 10% dividend rights only |
| 10. | RESERVES |
| Retained |
| earnings |
| £ |
| At 1 September 2015 |
| Profit for the period |
| Dividends | ( |
) |
| At 31 December 2016 |
| 11. | RELATED PARTY DISCLOSURES |
| At the balance sheet date the following amounts were owed by group companies: - |
| Debtor / (Creditor |
) |
| Automotive Group Holdings Limited | (£43,772 | ) |
| 1st for Alloys | £161,673 |
| 12. | ULTIMATE CONTROLLING PARTY |
| Mr Patterson has the controlling interest in the Company by virtue of his shareholding in the ultimate parent |
| company. |
| Automotive Repair Systems Limited (Registered number: 04208107) |
| Notes to the Financial Statements - continued |
| for the period 1 September 2015 to 31 December 2016 |
| 13. | FIRST YEAR ADOPTION |
| The Company has transitioned to FRS 102 from previously being prepared under the historical cost convention |
| and in accordance with the Financial Reporting Standards for Smaller Entities (effective April 2008) as at 1st |
| January 2014. |
| Reconciliation of equity |
| No transitional adjustments were required. |
| Reconciliation of profit or loss for the year |
| No transitional adjustments were required. |