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Abbreviated Accounts |
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for the Year Ended 30 June 2015 |
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for |
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Auto Supplies International Ltd |
REGISTERED NUMBER:
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Abbreviated Accounts |
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for the Year Ended 30 June 2015 |
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for |
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Auto Supplies International Ltd |
Auto Supplies International Ltd (Registered number: 02973686) |
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Contents of the Abbreviated Accounts |
for the Year Ended 30 June 2015 |
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Company Information | 1 |
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Abbreviated Balance Sheet | 2 |
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Notes to the Abbreviated Accounts | 4 |
Auto Supplies International Ltd |
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Company Information |
for the Year Ended 30 June 2015 |
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DIRECTORS: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
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Auto Supplies International Ltd (Registered number: 02973686) |
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Abbreviated Balance Sheet |
30 June 2015 |
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2015 | 2014 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 2 |
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CURRENT ASSETS |
Stocks |
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Debtors |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one
year |
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PROVISIONS FOR LIABILITIES |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital | 3 |
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Profit and loss account |
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SHAREHOLDERS' FUNDS |
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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. |
Auto Supplies International Ltd (Registered number: 02973686) |
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Abbreviated Balance Sheet - continued |
30 June 2015 |
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The financial statements were approved by the Board of Directors on
its behalf by: |
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Auto Supplies International Ltd (Registered number: 02973686) |
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Notes to the Abbreviated Accounts |
for the Year Ended 30 June 2015 |
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1. | ACCOUNTING POLICIES |
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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). |
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Turnover |
Turnover represents net invoiced sales of goods, excluding value added tax. |
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Tangible fixed assets |
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Improvements to property | - |
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Plant and machinery | - |
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Fixtures and fittings | - |
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Motor vehicles | - |
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Computer equipment | - |
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Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for |
obsolete and slow moving items. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at |
the balance sheet date. |
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Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis |
over the period of the lease. |
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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. |
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Consolidation |
The company has claimed exemption under section 248 of the Companies Act 1985 from the |
preparation of group accounts on the grounds that the group is small. The accounts present |
information about Auto Supplies International Limited as an individual undertaking and not about its |
group. |
Auto Supplies International Ltd (Registered number: 02973686) |
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Notes to the Abbreviated Accounts - continued |
for the Year Ended 30 June 2015 |
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2. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 July 2014 |
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Additions |
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Disposals | ( |
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At 30 June 2015 |
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DEPRECIATION |
At 1 July 2014 |
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Charge for year |
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Eliminated on disposal | ( |
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At 30 June 2015 |
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NET BOOK VALUE |
At 30 June 2015 |
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At 30 June 2014 |
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3. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2015 | 2014 |
value: | £ | £ |
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Ordinary Shares | £1 |
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4. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
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The company purchased parts for resale from Mecatech Sarl, a company of which P J P Mersch is a |
part owner, at normal commercial rates. |