Ali Motors Limited - Abbreviated accounts 16.3

Ali Motors Limited - Abbreviated accounts 16.3


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REGISTERED NUMBER: 05014820(England and Wales)










Abbreviated Accounts

for the Year Ended 31 October 2016

for

Ali Motors Limited

Ali Motors Limited (Registered number: 05014820)






Contents of the Abbreviated Accounts
for the Year Ended 31 October 2016




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

Ali Motors Limited

Company Information
for the Year Ended 31 October 2016







DIRECTOR: A Rehman





REGISTERED OFFICE: 962 Eastern Avenue
Newbury Park
Ilford
Essex
IG2 7JD





REGISTERED NUMBER: 05014820(England and Wales)





ACCOUNTANTS: J Raja & Company
Chartered Certified Accountants
962 Eastern Avenue
Newbury Park
Ilford
Essex
IG2 7JD

Ali Motors Limited (Registered number: 05014820)

Abbreviated Balance Sheet
31 October 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 640 753

CURRENT ASSETS
Stocks 29,420 30,730
Debtors 555 4,000
Cash at bank and in hand 1,883 2,937
31,858 37,667
CREDITORS
Amounts falling due within one year 7,858 11,084
NET CURRENT ASSETS 24,000 26,583
TOTAL ASSETS LESS CURRENT
LIABILITIES

24,640

27,336

CREDITORS
Amounts falling due after more than one
year

(17,458

)

(17,458

)

PROVISIONS FOR LIABILITIES (73 ) (83 )
NET ASSETS 7,109 9,795

CAPITAL AND RESERVES
Called up share capital 3 1,000 1,000
Profit and loss account 6,109 8,795
SHAREHOLDERS' FUNDS 7,109 9,795

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2016 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.

Ali Motors Limited (Registered number: 05014820)

Abbreviated Balance Sheet - continued
31 October 2016


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 17 March 2017and were signed by:





A Rehman- Director


Ali Motors Limited (Registered number: 05014820)

Notes to the Abbreviated Accounts
for the Year Ended 31 October 2016

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 January 2015).

Turnover
Turnover represents net invoiced sales of goods, excluding value added tax.

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

Fixtures and fittings - 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for
obsolete and slow moving items.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at
the balance sheet date.

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 November 2015
and 31 October 2016 4,499
DEPRECIATION
At 1 November 2015 3,746
Charge for year 113
At 31 October 2016 3,859
NET BOOK VALUE
At 31 October 2016 640
At 31 October 2015 753

3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2016 2015
value: £    £   
1,000 Ordinary £1.00 1,000 1,000