A R Diesels Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 06140657 (England and Wales)

Financial Statements for the Year Ended 31 March 2017

for

A R Diesels Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr A Reeves

SECRETARY:

Mrs W Reeves

REGISTERED OFFICE:

Cote Farm Workshop

Kilmington

Warminster

Wiltshire

BA12 6RF

REGISTERED NUMBER:

06140657 (England and Wales)

ACCOUNTANTS:

A J Shone & Co Limited

Chartered Accountants

Ashley House

Unit 3, Brickfields Business Park

Gillingham

Dorset

SP8 4PX

FIXED ASSETS

Intangible assets

4

5,000

25,000

Tangible assets

5

87,103

98,644

92,103

123,644

CURRENT ASSETS

Stocks

18,302

14,050

Debtors

6

128,492

117,130

Cash at bank

193,537

142,916

340,331

274,096

CREDITORS

Amounts falling due within one year

7

299,087

298,287

NET CURRENT ASSETS/(LIABILITIES)

41,244

(24,191

)

TOTAL ASSETS LESS CURRENT LIABILITIES

133,347

99,453

CREDITORS

Amounts falling due after more than one year

8

(2,313

)

(8,915

)

PROVISIONS FOR LIABILITIES

(16,550

)

(19,730

)

NET ASSETS

114,484

70,808

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

114,384

70,708

SHAREHOLDERS' FUNDS

114,484

70,808

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 in accordance with Section 476 of the Companies Act 2006.

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.

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 director on 21 December 2017 and were signed by:

Mr A Reeves - Director

1.	STATUTORY INFORMATION

A R Diesels 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of five years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

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.

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 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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element

of the future payments is treated as a liability.

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 6 .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2016

and 31 March 2017

100,000

AMORTISATION

At 1 April 2016

75,000

Charge for year

20,000

At 31 March 2017

95,000

NET BOOK VALUE

At 31 March 2017

5,000

At 31 March 2016

25,000

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2016

161,862

Additions

8,727

At 31 March 2017

170,589

DEPRECIATION

At 1 April 2016

63,218

Charge for year

20,268

At 31 March 2017

83,486

NET BOOK VALUE

At 31 March 2017

87,103

At 31 March 2016

98,644

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1 April 2016

and 31 March 2017

32,000

DEPRECIATION

At 1 April 2016

12,348

Charge for year

2,948

At 31 March 2017

15,296

NET BOOK VALUE

At 31 March 2017

16,704

At 31 March 2016

19,652

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

128,492

117,130

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Hire purchase contracts

6,602

6,097

Trade creditors

28,915

58,633

Taxation and social security

41,827

30,987

Other creditors

221,743

202,570

299,087

298,287

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2017

2016

£

£

Hire purchase contracts

2,313

8,915

9.	RELATED PARTY DISCLOSURES

During the year, total dividends of £15,000 (2016 - £21,000) were paid to the director .

Included within other creditors as at 31 March 2017 is £218,960 (2016 - £196,288) which is owed to Mr A

Reeves, the director of the company.