Demann Auto Ltd - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 09564255 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 April 2017

for

Demann Auto Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr N Readman

Mr D L D Readman - Ridley

SECRETARY:

Mrs L Butcher

REGISTERED OFFICE:

7 Twain Terrace

Wickford

Essex

SS12 9EF

REGISTERED NUMBER:

09564255 (England and Wales)

ACCOUNTANTS:

Philip Burley & Co

Chartered Accountants

28 Bagdale

Whitby

North Yorkshire

YO21 1QL

FIXED ASSETS

Tangible assets

4

5,584

3,933

CURRENT ASSETS

Debtors

5

-

348

Prepayments and accrued income

771

298

Cash at bank

2,593

2,140

3,364

2,786

CREDITORS

Amounts falling due within one year

6

8,074

2,822

NET CURRENT LIABILITIES

(4,710

)

(36

)

TOTAL ASSETS LESS CURRENT LIABILITIES

874

3,897

CREDITORS

Amounts falling due after more than one year

7

-

(2,988

)

PROVISIONS FOR LIABILITIES

(381

)

(98

)

NET ASSETS

493

811

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

393

711

SHAREHOLDERS' FUNDS

493

811

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 January 2018 and were signed on its behalf by:

Mr N Readman - Director

1.	STATUTORY INFORMATION

Demann Auto 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

-

10% on reducing balance

Motor vehicles

-

20% on reducing balance

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

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 2 .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

fittings

vehicles

Totals

£

£

£

COST

At 1 May 2016

416

4,200

4,616

Additions

1,912

850

2,762

At 30 April 2017

2,328

5,050

7,378

DEPRECIATION

At 1 May 2016

43

640

683

Charge for year

229

882

1,111

At 30 April 2017

272

1,522

1,794

NET BOOK VALUE

At 30 April 2017

2,056

3,528

5,584

At 30 April 2016

373

3,560

3,933

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.17

30.4.16

£

£

Trade debtors

-

348

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.17

30.4.16

£

£

Trade creditors

80

-

Taxation and social security

2,124

1,554

Other creditors

5,870

1,268

8,074

2,822

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.4.17

30.4.16

£

£

Hire purchase contracts

-

2,988