Carrs Automotive Engineering Ltd
|
Registered Number
:
08876051
|
For the year ended 31 December 2018
England and Wales
Unaudited Financial Statements
For the year ended 31 December 2018
Carrs Automotive Engineering Ltd
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
Carrs Automotive Engineering Ltd
Statement of Financial Position
2017
2018
Property
,
plant and equipment
|
6,352
6,889
2
6,352
6,889
3,250
3,250
3
Trade and other receivables
|
5,819
6,121
4
2,276
Cash and cash equivalents
|
5,360
14,731
11,345
Trade and other payables
:
amounts falling due within one
|
year
|
(16,812)
(19,262)
5
(5,467)
(4,531)
Net current liabilities
Total assets less current liabilities
|
1,821
1,422
(1,207)
(1,240)
Provisions for liabilities
|
614
Net assets
182
100
100
514
82
614
182
Shareholders' funds
For the year ended 31 December 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 December 2018 in accordance with Section 476 of the Companies Act 2006
|
The director acknowledges his 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
.
|
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.
|
These financial statements were approved and authorised for issue by the Board on 31 May 2019 and were signed by:
|
The notes form part of these financial statements
|
1 of 4
For the year ended 31 December 2018
Carrs Automotive Engineering Ltd
Notes to the Financial Statements
Statutory Information
Carrs Automotive Engineering Ltd is a private limited company
,
limited by shares
,
domiciled in England and Wales
,
|
registration number
08876051
.
|
Principal place of business
:
|
263 Barkham Road
Wokingham
Berkshire
RG41 4BY
ACS Accounting, Suite 3 Market House
19-21 Market Place
Wokingham
Berkshire
RG40 1AP
The presentation currency is £ sterling
.
|
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section
1
A 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
Motor vehicles
Fixtures and fittings
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
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
2 of 4
For the year ended 31 December 2018
Carrs Automotive Engineering Ltd
Notes to the Financial Statements Continued
2
.
Property
,
plant and equipment
|
Motor vehicles
10,725
730
3,333
6,662
522
-
-
522
(730)
-
-
(730)
7,184
3,333
-
10,517
Provision for depreciation and impairment
|
3,836
730
1,627
1,479
Charge for year
1,059
-
341
718
(730)
(730)
-
-
4,165
-
1,968
2,197
4,987
1,365
-
6,352
5,183
1,706
-
6,889
2017
2018
3,250
3,250
4
.
Trade and other receivables
|
2017
2018
176
17
5,945
5,802
5,819
6,121
5
.
Trade and other payables
:
amounts falling due within one year
|
2017
2018
7,145
5,584
6,845
6,430
Taxation and social security
|
5,055
4,642
217
156
19,262
16,812
3 of 4
For the year ended 31 December 2018
Carrs Automotive Engineering Ltd
Notes to the Financial Statements Continued
4 of 4