Just Alternators and Starter Motors Limited,Ltd - AccountsLtd - Accounts

Just Alternators and Starter Motors Limited,Ltd - AccountsLtd - Accounts

JUST ALTERNATORS & STARTER MOTORS LIMITED - Company Information

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2015-10-01 04528530 2016-09-30 04528530 2015-10-01 2016-09-30 04528530 2015-09-30 04528530 2014-10-01 2015-09-30 04528530 uk-core:WithinOneYear 2015-09-30 04528530 uk-core:WithinOneYear 2016-09-30 04528530 uk-core:ShareCapital 2016-09-30 04528530 uk-core:ShareCapital 2015-09-30 04528530 uk-core:RetainedEarningsAccumulatedLosses 2016-09-30 04528530 uk-core:RetainedEarningsAccumulatedLosses 2015-09-30 04528530 uk-bus:Director1 2015-10-01 2016-09-30 04528530 uk-core:NetGoodwill 2015-10-01 2016-09-30 04528530 uk-core:PlantMachinery 2015-10-01 2016-09-30 04528530 uk-core:MotorVehicles 2015-10-01 2016-09-30 04528530 uk-core:FurnitureFittings 2015-10-01 2016-09-30 04528530 uk-core:Goodwill 2015-09-30 04528530 uk-core:Goodwill 2016-09-30 04528530 uk-core:FurnitureFittings 2015-09-30 04528530 uk-core:MotorVehicles 2015-09-30 04528530 uk-core:PlantMachinery 2015-09-30 04528530 uk-core:PlantMachinery 2016-09-30 04528530 uk-core:MotorVehicles 2016-09-30 04528530 uk-core:FurnitureFittings 2016-09-30 iso4217:GBP 04528530 uk-bus:AuditExemptWithAccountantsReport 2015-10-01 2016-09-30 04528530 uk-bus:FRS102 2015-10-01 2016-09-30 04528530 uk-bus:FullAccounts 2015-10-01 2016-09-30 04528530 uk-bus:PrivateLimitedCompanyLtd 2015-10-01 2016-09-30
Just Alternators and Starter Motors Limited
Registered Number:04528530
For the year ended 30 September 2016
England and Wales
Unaudited Financial Statements
2
For the year ended 30 September 2016
Just Alternators and Starter Motors Limited
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
As at 30 September 2016
Just Alternators and Starter Motors Limited
Statement of Financial Position
Registered Number :
04528530
£
£
2015
2016
Notes
Fixed assets
Property, plant and equipment
2,993
3,850
3
2,993
3,850
Current assets
Inventories
750
750
Trade and other receivables
-
875
166
Cash and cash equivalents
94
1,719
916
Trade and other payables: amounts falling due within one
year
(6,288)
(4,677)
4
(5,372)
(2,958)
Net current liabilities
Total assets less current liabilities
35
(1,522)
35
Net assets/liabilities
(1,522)
Capital and reserves
Called up share capital
1
1
Retained earnings
34
(1,523)
35
(1,522)
Shareholders' funds
For the year ended 30 September 2016 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 30 September 2016 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 of Part 15 of the Companies Act 2006 relating to small companies.
Mr M Jordan Director
These financial statements were approved and authorised for issue by the Board on 27 June 2017 and were signed by:
The notes form part of these financial statements
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4
For the year ended 30 September 2016
Just Alternators and Starter Motors Limited
Notes to the Financial Statements
Statutory Information
Just Alternators and Starter Motors Limited is a private limited company, limited by shares, domiciled in England and
Wales, registration number 04528530.
Registered address:
Mistrel, Brook Lane
Botley
Southampton
Hampshire
SO30 2ER
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A 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.
Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of 9 years.
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
20% Reducing balance
25% Reducing balance
Motor vehicles
20% Reducing balance
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.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
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5
For the year ended 30 September 2016
Just Alternators and Starter Motors Limited
Notes to the Financial Statements Continued
2. Intangible fixed assets
Goodwill
Cost or valuation
£
At 01 October 2015
6,750
At 30 September 2016
6,750
Amortisation
At 01 October 2015
6,750
At 30 September 2016
6,750
Net book value
At 30 September 2016
-
At 30 September 2015
-
3. Property, plant and equipment
Total
Fixtures and
fittings
Motor vehicles
Plant and
machinery
£
£
£
£
Cost or
valuation
At 01 October 2015
38,489
1,982
24,017
12,490
At 30 September 2016
12,490
24,017
1,982
38,489
Provision for depreciation and impairment
At 01 October 2015
34,639
1,863
22,277
10,499
Charge for year
857
24
435
398
At 30 September 2016
35,496
1,887
22,712
10,897
At 30 September 2016
Net book value
1,593
1,305
95
2,993
At 30 September 2015
1,991
1,740
119
3,850
4. Trade and other payables: amounts falling due within one year
2015
2016
£
£
Trade creditors
2,084
1,574
Taxation and social security
1,708
1,494
Other creditors
885
3,220
4,677
6,288
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