Registration number:
for the Year Ended
Auto Transmissions Limited
Contents
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The following pages do not form part of the statutory financial statements: |
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Auto Transmissions Limited
Company Information
Director |
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Company secretary |
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Registered office |
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Accountants |
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Auto Transmissions Limited
Director's Report for the Year Ended 31 December 2014
The director presents his report and the unaudited financial statements for the year ended 31 December 2014.
Director of the company
The director who held office during the year was as follows:
Principal activity
Small company provisions
This report has been prepared in accordance with the small companies regime under the Companies Act 2006.
Approved by the Board on
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T A J Payne
Director
Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Auto Transmissions Limited
for the Year Ended 31 December 2014
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Auto Transmissions Limited for the year ended 31 December 2014 set out on pages 4 to 7 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 Board of Directors of Auto Transmissions Limited, as a body, in accordance with the terms of our current engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Auto Transmissions Limited and state those matters that we have agreed to state to them, as a body, 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 Auto Transmissions Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Auto Transmissions Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Auto Transmissions Limited. You consider that Auto Transmissions 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 accounts of Auto Transmissions 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 accounts.
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Critchleys LLP
Chartered Accountants
Greyfriars Court
Paradise Square
Oxford
OX1 1BE
25 September 2015
Auto Transmissions Limited
Profit and Loss Account for the Year Ended 31 December 2014
Note |
2014
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2013
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Turnover |
- |
- |
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Administrative expenses |
( |
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Operating (loss)/profit |
( |
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(Loss)/profit on ordinary activities before taxation |
( |
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(Loss)/profit for the financial year |
( |
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The notes on
pages
6
to
7
form an integral part of these financial statements.
Page 4
Auto Transmissions Limited - Registration number: 03739122
Balance Sheet at 31 December 2014
Note |
2014 |
2013 |
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£ |
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Current assets |
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Debtors |
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Creditors: Amounts falling due within one year |
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( |
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Net liabilities |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
( |
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( |
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Shareholders' deficit |
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( |
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( |
Approved and authorised for issue by the director on
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T A J Payne
Director
The notes on
pages
6
to
7
form an integral part of these financial statements.
Page 5
Auto Transmissions Limited
Notes to the Financial Statements for the Year Ended 31 December 2014
......... continued
Accounting policies |
Basis of preparation
Going concern
The funding of the development of the overdrive unit was financed by the related parties mentioned in note 6. Efforts to find financial support to complete the project have not, to date, been successful. F J Payne & Son Limited is trading under better circumstances at present and is expected to maintain this improvement for the forseeable future so that it would not need repayment of its loan if the current circumstances are maintained.
Debtors |
2014
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2013
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Trade debtors |
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Other debtors |
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Creditors: Amounts falling due within one year |
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2013
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Bank loans and overdrafts |
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Other creditors |
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Share capital |
Allotted, called up and fully paid shares
2014 |
2013 |
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No. |
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No. |
£ |
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Auto Transmissions Limited
Notes to the Financial Statements for the Year Ended 31 December 2014
......... continued
Reserves |
Profit and loss account
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Total
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At 1 January 2014 |
(1,619) |
(1,619) |
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Loss for the year |
(21) |
( |
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At 31 December 2014 |
(1,640) |
(1,640) |
Related party transactions |
Other related party transactions |
During the year the company made the following related party transactions: |
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Control |
The company is controlled by
Auto Transmissions Limited
Detailed Profit and Loss Account for the Year Ended 31 December 2014
2014 |
2013 |
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£ |
£ |
£ |
£ |
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Administrative expenses (analysed below) |
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General administrative expenses |
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21 |
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(22) |
Auto Transmissions Limited
Detailed Profit and Loss Account for the Year Ended 31 December 2014
......... continued
2014
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2013
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General administrative expenses |
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Sundry expenses |
(483) |
(470) |
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Accountancy fees |
365 |
328 |
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Legal and professional fees |
139 |
120 |
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21 |
(22) |