Automotive Projects Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 03590735 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2014

FOR

AUTOMOTIVE PROJECTS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

Chartered Accountants' Report

5

DIRECTOR:

B D Harwood

SECRETARY:

L M Brown

REGISTERED OFFICE:

Avondale

Goodworth Clatford

Andover

Hampshire

SP11 7RN

REGISTERED NUMBER:

03590735 (England and Wales)

ACCOUNTANTS:

Rothman Pantall LLP

Chartered Accountants

Avebury House

St Peter Street

Winchester

Hampshire

SO23 8BN

FIXED ASSETS

Tangible assets

2

78

233

CURRENT ASSETS

Debtors

36,044

42,370

Cash at bank

4,330

189

40,374

42,559

CREDITORS

Amounts falling due within one year

40,377

42,577

NET CURRENT LIABILITIES

(3

)

(18

)

TOTAL ASSETS LESS CURRENT LIABILITIES

75

215

CAPITAL AND RESERVES

Called up share capital

3

2

2

Profit and loss account

73

213

SHAREHOLDERS' FUNDS

75

215

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2014 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 27 January 2015 and were signed by:

B D Harwood - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance

with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Exemption from preparing a cash flow statement

Turnover

Turnover represents income derived from ordinary activities. The company accounts for VAT under the

flat-rate scheme, and turnover is shown gross of the standard rate of VAT, less the percentage

adjustment required under the flat rate scheme. All expenditure in the profit and loss this year is shown

gross of directly attributable VAT.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on cost

Deferred tax

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

the balance sheet date.

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 the profit and loss account in the period to which they

relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2013

and 31 March 2014

623

DEPRECIATION

At 1 April 2013

390

Charge for year

155

At 31 March 2014

545

NET BOOK VALUE

At 31 March 2014

78

At 31 March 2013

233

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

2

Ordinary

£1

2

2

4.	RELATED PARTY DISCLOSURES

B D Harwood

The director and shareholder of the company.

During the year the company paid dividends of £45,000 (2013: £23,500) to the director B D Harwood.

2014

2013

£

£

Amount due from related party at the balance sheet date

22,462

16,826

5.	ULTIMATE CONTROLLING PARTY

The controlling party is B D Harwood.

The following reproduces the text of the report prepared for the director in respect of the company's

annual unaudited financial statements, from which the unaudited abbreviated accounts (set out on

pages two to four) have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval

the financial statements of Automotive Projects Limited for the year ended 31 March 2014 which comprise the

Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records

and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we

are subject to its ethical and other professional requirements which are detailed at

icaew.com/membershandbook.

This report is made solely to the director of Automotive Projects Limited in accordance with our terms of

engagement. Our work has been undertaken solely to prepare for your approval the financial statements of

Automotive Projects Limited and state those matters that we have agreed to state to the director of

Automotive Projects Limited in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the

company and its director for our work or for this report.

It is your duty to ensure that Automotive Projects Limited has kept adequate accounting records and to

prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position

and profit of Automotive Projects Limited. You consider that Automotive Projects Limited is exempt from the

statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Automotive

Projects Limited. For this reason, we have not verified the accuracy or completeness of the accounting

records or information and explanations you have given to us and we do not, therefore, express any opinion

on the statutory financial statements.

Rothman Pantall LLP

Chartered Accountants

Avebury House

St Peter Street

Winchester

Hampshire

SO23 8BN

27 January 2015