a2 Vehicle Solutions Ltd - Accounts to registrar - small 17.2

REGISTERED NUMBER: 05613259 (England and Wales)

Financial Statements for the Year Ended 31 December 2016

for

a2 Vehicle Solutions Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

A B Crowther

Mrs A J Crowther

REGISTERED OFFICE:

Suites 5 & 6 The Printworks

Hey Road

Barrow

Clitheroe

Lancashire

BB7 9WB

REGISTERED NUMBER:

05613259 (England and Wales)

ACCOUNTANTS:

Towers & Gornall

Chartered Certified Accountants

Suites 5 & 6 The Printworks

Hey Road

Barrow

Clitheroe

Lancashire

BB7 9WB

BANKERS:

Barclays Bank PLC

Castle Street

Clitheroe

Lancashire

BB7 2BT

FIXED ASSETS

Tangible assets

4

1,076

133

CURRENT ASSETS

Stocks

30,275

20,950

Debtors

5

4,921

1,512

Cash at bank

-

8,822

35,196

31,284

CREDITORS

Amounts falling due within one year

6

30,555

11,468

NET CURRENT ASSETS

4,641

19,816

TOTAL ASSETS LESS CURRENT LIABILITIES

5,717

19,949

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

5,617

19,849

SHAREHOLDERS' FUNDS

5,717

19,949

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.

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 25 September 2017 and were signed on its behalf by:

A B Crowther - Director

1.	STATUTORY INFORMATION

a2 Vehicle Solutions 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.

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

33% on cost

Stocks

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

obsolete and slow moving items.

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.

Compliance with accounting standards

The financial statements are prepared in accordance with applicable accounting standards.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 January 2016

659

1,749

2,408

Additions

-

1,238

1,238

At 31 December 2016

659

2,987

3,646

DEPRECIATION

At 1 January 2016

526

1,749

2,275

Charge for year

20

275

295

At 31 December 2016

546

2,024

2,570

NET BOOK VALUE

At 31 December 2016

113

963

1,076

At 31 December 2015

133

-

133

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.16

31.12.15

£

£

Trade debtors

4,800

-

Tax

121

1,512

4,921

1,512

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.16

31.12.15

£

£

Bank loans and overdrafts

16,391

-

Trade creditors

3,444

2,984

Corporation tax

-

121

VAT

46

1,442

Directors' current accounts

9,824

5,271

Accrued expenses

850

1,650

30,555

11,468

7.	ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.