OJS AUTOS LTD,Ltd - AccountsLtd - Accounts

OJS AUTOS LTD,Ltd - AccountsLtd - Accounts

OJS AUTOS LTD - Company Information

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2017-04-01 09515046 2018-03-31 09515046 2017-04-01 2018-03-31 09515046 2017-03-31 09515046 2016-04-01 2017-03-31 09515046 uk-core:WithinOneYear 2017-03-31 09515046 uk-core:WithinOneYear 2018-03-31 09515046 uk-core:AfterOneYear 2017-03-31 09515046 uk-core:AfterOneYear 2018-03-31 09515046 uk-core:ShareCapital 2018-03-31 09515046 uk-core:ShareCapital 2017-03-31 09515046 uk-core:RetainedEarningsAccumulatedLosses 2018-03-31 09515046 uk-core:RetainedEarningsAccumulatedLosses 2017-03-31 09515046 uk-bus:Director1 2017-04-01 2018-03-31 09515046 uk-core:PlantMachinery 2017-04-01 2018-03-31 iso4217:GBP 09515046 uk-bus:AuditExempt-NoAccountantsReport 2017-04-01 2018-03-31 09515046 uk-bus:FRS102 2017-04-01 2018-03-31 09515046 uk-bus:FullAccounts 2017-04-01 2018-03-31 09515046 uk-bus:PrivateLimitedCompanyLtd 2017-04-01 2018-03-31
OJS AUTOS LTD
Registered Number:09515046
For the year ended 31 March 2018
England and Wales
Unaudited Financial Statements
2
For the year ended 31 March 2018
OJS AUTOS LTD
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
As at 31 March 2018
OJS AUTOS LTD
Abridged Statement of Financial Position
Registered Number :
09515046
£
£
2017
2018
Notes
Fixed assets
2
Property, plant and equipment
2,516
3,354
2,516
3,354
Current assets
Inventories
56,388
67,506
3
Trade and other receivables
489
-
20,804
Cash and cash equivalents
17,494
85,000
77,681
Trade and other payables: amounts falling due within one
year
(26,465)
(40,497)
51,216
44,503
Net current assets
Total assets less current liabilities
47,019
54,570
Trade and other payables: amounts falling due after more
than one year
(51,042)
(54,354)
(7,335)
Net assets/liabilities
3,528
Capital and reserves
Called up share capital
2
2
Retained earnings
(7,337)
3,526
(7,335)
3,528
Shareholders' funds
For the year ended 31 March 2018 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
All the members have consented to the preparation of an Abridged Income Statement and an Abridged Statement of
Financial Position for the year ended 31 March 2018 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 have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
1 of 4
4
For the year ended 31 March 2018
OJS AUTOS LTD
Abridged Statement of Financial Position Continued
Mr Oliver John Shirley Director
These financial statements were approved and authorised for issue by the Board on 28 December 2018 and were signed by:
The notes form part of these financial statements
2 of 4
5
For the year ended 31 March 2018
OJS AUTOS LTD
Notes to the Financial Statements
Statutory Information
OJS AUTOS LTD is a private limited company, limited by shares, domiciled in England and Wales, registration number
09515046.
Registered address:
64 Valley Rd
Plymouth
Devon
PL7 1RF
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A 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 costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and machinery
25 Reducing balance
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Hire purchase and leasing commitments
The finance element of the rental payment is charged to the profit and loss account on a straight line basis.
3 of 4
6
For the year ended 31 March 2018
OJS AUTOS LTD
Notes to the Financial Statements Continued
2. Fixed assets
Property, plant
and
equipment
£
Cost or valuation
At 01 April 2017
5,229
At 31 March 2018
5,229
Provision for depreciation,
amortisation and impairment
At 01 April 2017
1,875
838
Charge for year
At 31 March 2018
2,713
Net book value
At 31 March 2018
2,516
At 31 March 2017
3,354
3. Inventories
2017
2018
£
£
Stocks
67,506
56,388
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