A.P.R (Cars) Ltd - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 00789403 (England and Wales)

Unaudited Financial Statements for the Year Ended 28 February 2017

for

A.P.R (Cars) Ltd

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

D A Smith

Mrs C J Love

REGISTERED OFFICE:

5 Reservoir Road

Ruislip

Middlesex

HA4 7TT

REGISTERED NUMBER:

00789403 (England and Wales)

FIXED ASSETS

Tangible assets

4

891,364

901,391

CURRENT ASSETS

Stocks

19,500

14,500

Debtors

5

342,343

230,757

Cash at bank

14

14

361,857

245,271

CREDITORS

Amounts falling due within one year

6

271,605

255,551

NET CURRENT ASSETS/(LIABILITIES)

90,252

(10,280

)

TOTAL ASSETS LESS CURRENT LIABILITIES

981,616

891,111

CREDITORS

Amounts falling due after more than one year

7

91,220

42,152

NET ASSETS

890,396

848,959

CAPITAL AND RESERVES

Called up share capital

9

900

900

Revaluation reserve

10

717,935

717,935

Retained earnings

10

171,561

130,124

SHAREHOLDERS' FUNDS

890,396

848,959

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2017 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 27 November 2017 and were signed on its behalf by:

D A Smith - Director

1.	STATUTORY INFORMATION

A.P.R (Cars) 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.

Freehold property

-

2% on cost

Plant and machinery

-

10% on cost

Fixtures and fittings

-

25% on cost

Motor vehicles

-

20% on cost

Stocks

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

for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in

bringing stocks to their present location and condition.

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 have been enacted or

substantively enacted by the statement of financial position date.

Deferred tax

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

statement of financial position 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

Motor

property

machinery

fittings

vehicles

Totals

£

£

£

£

£

COST

At 29 February 2016

933,822

194,484

34,579

8,333

1,171,218

Additions

-

2,500

-

-

2,500

At 28 February 2017

933,822

196,984

34,579

8,333

1,173,718

DEPRECIATION

At 29 February 2016

68,225

168,232

31,703

1,667

269,827

Charge for year

3,413

7,062

719

1,333

12,527

At 28 February 2017

71,638

175,294

32,422

3,000

282,354

NET BOOK VALUE

At 28 February 2017

862,184

21,690

2,157

5,333

891,364

At 28 February 2016

865,597

26,252

2,876

6,666

901,391

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.17

28.2.16

£

£

Trade debtors

327,168

215,424

Deferred tax asset

9,663

9,663

Prepayments

5,512

5,670

342,343

230,757

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.17

28.2.16

£

£

Bank loans and overdrafts

80,157

73,310

Trade creditors

101,982

86,300

Taxation and social security

57,955

66,957

Other creditors

31,511

28,984

271,605

255,551

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

28.2.17

28.2.16

£

£

Bank loans

91,220

42,152

8.	SECURED DEBTS

The following secured debts are included within creditors:

28.2.17

28.2.16

£

£

Bank loans

100,700

51,632

Barclays Bank PLC have first charge on the freehold premises, in respect of the bank loan.

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

28.2.17

28.2.16

value:

£

£

900

Ordinary shares

1

900

900

10.

RESERVES

Retained

Revaluation

earnings

reserve

Totals

£

£

£

At 29 February 2016

130,124

717,935

848,059

Profit for the year

41,437

41,437

At 28 February 2017

171,561

717,935

889,496

11.	RELATED PARTY DISCLOSURES

D A Smith

A director of the company.

Included in other creditors is £12,731 (2016: £21,111) owed to Mr D. Smith, a director of the company

28.2.17

28.2.16

£

£

Amount due to related party at the balance sheet date

12,731

21,111

12.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr D W Smith..

As at the balance sheet date, the company was fully control by Mr D W Smith.

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 January 2015) as at 1st

March 2016