Auto File Service Limited - Period Ending 2018-06-30

Registration number: 09588919

Auto File Service Limited

Unaudited Financial Statements

for the Year Ended 30 June 2018

Alextra Group Ltd
Chartered Certified Accountants
7-9 Macon Court
Crewe
Cheshire
CW1 6EA

Auto File Service Limited

Contents

Balance Sheet	1 to 2
Notes to the Financial Statements	3 to 5

Auto File Service Limited

(Registration number: 09588919)
Balance Sheet as at 30 June 2018

	Note	2018 £	2017 £
Current assets
Debtors	4	49,391	65,881
Cash at bank and in hand		5,980	2,222
		55,371	68,103
Creditors: Amounts falling due within one year	5	(51,015)	(46,867)
Net assets		4,356	21,236
Capital and reserves
Profit and loss account		4,356	21,236
Total equity		4,356	21,236

For the financial year ending 30 June 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account and Directors' Report has been taken.

The notes on pages 3 to 5 form an integral part of these financial statements.

Page 1

Auto File Service Limited

(Registration number: 09588919)
Balance Sheet as at 30 June 2018

Approved and authorised by the Board on 28 January 2019 and signed on its behalf by:
 

.........................................

Mr J Copeland
Director

.........................................

Mr M Ball
Director

The notes on pages 3 to 5 form an integral part of these financial statements.

Page 2

Auto File Service Limited

Notes to the Financial Statements for the Year Ended 30 June 2018

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
7-9 Macon Court
Crewe
Cheshire
CW1 6EA
UK

The principal place of business is:
Unit 6
Atech Court
Crewe Gates Industrial Estate
Crewe
Cheshire
CW1 6FF

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

These financial statements are prepared in Sterling, which is the functional currency of the company. All monetary amounts are rounded to the nearest £.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Page 3

Auto File Service Limited

Notes to the Financial Statements for the Year Ended 30 June 2018

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2017 - 2).

4

Debtors

	2018 £	2017 £
Trade debtors	1,233	2,845
Other debtors	48,158	63,036
	49,391	65,881

Page 4

Auto File Service Limited

Notes to the Financial Statements for the Year Ended 30 June 2018

5

Creditors

Creditors: amounts falling due within one year

	Note	2018 £	2017 £
Due within one year
Trade creditors		149	361
Other creditors		50,866	46,506
		51,015	46,867

6	Related party transactions

Transactions with directors

2018	At 1 July 2017 £	Advances to directors £	Repayments by director £	At 30 June 2018 £
Mr J Copeland
Transactions during the year	31,267	26,150	(31,942)	25,475
Mr M Ball
Transactions during the year	31,267	32,750	(32,542)	31,475

2017	At 1 July 2016 £	Advances to directors £	Repayments by director £	At 30 June 2017 £
Mr J Copeland
Transactions during the year	3,742	34,400	(6,875)	31,267
Mr M Ball
Transactions during the year	3,742	34,400	(6,875)	31,267

Other transactions with directors

The loans made were interest free and repayable on demand.

Page 5