Autotrade Solutions Limited - Accounts to registrar - small 17.1.1

REGISTERED NUMBER: 04681251 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 November 2016

for

Autotrade Solutions Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

C J Allenson

Mrs A S Allenson

SECRETARY:

Mrs A S Allenson

REGISTERED OFFICE:

Unit 5 Bassendale Road

Croft Business Park

Bromborough

Wirral

Merseyside

CH62 3QL

REGISTERED NUMBER:

04681251 (England and Wales)

ACCOUNTANTS:

Douglas Fairless Partnership

Seymour Chambers

92 London Road

Liverpool

Merseyside

L3 5NW

FIXED ASSETS

Intangible assets

4

104,798

119,770

Tangible assets

5

286,949

144,005

391,747

263,775

CURRENT ASSETS

Stocks

588,000

333,420

Debtors

100,810

82,611

Cash at bank and in hand

96,149

299,859

784,959

715,890

CREDITORS

Amounts falling due within one year

323,453

483,286

NET CURRENT ASSETS

461,506

232,604

TOTAL ASSETS LESS CURRENT LIABILITIES

853,253

496,379

CREDITORS

Amounts falling due after more than one year

178,422

-

NET ASSETS

674,831

496,379

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

674,731

496,279

SHAREHOLDERS' FUNDS

674,831

496,379

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 30 November 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 9 June 2017 and were signed on its behalf by:

C J Allenson - Director

1.	STATUTORY INFORMATION

Autotrade Solutions Limited 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

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% 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.

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 year was 12 .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 December 2015

and 30 November 2016

149,712

AMORTISATION

At 1 December 2015

29,942

Amortisation for year

14,972

At 30 November 2016

44,914

NET BOOK VALUE

At 30 November 2016

104,798

At 30 November 2015

119,770

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 December 2015

244,941

Additions

179,500

At 30 November 2016

424,441

DEPRECIATION

At 1 December 2015

100,936

Charge for year

36,556

At 30 November 2016

137,492

NET BOOK VALUE

At 30 November 2016

286,949

At 30 November 2015

144,005