Lee Atkins trading as Autosmart Ltd - Abbreviated accounts 16.3

Lee Atkins trading as Autosmart Ltd - Abbreviated accounts 16.3


093092811.12.1530.11.1630.11.16Company accountsPrivate Limited CompanyFYtruefalsetruefalsetruefalsetruefalseOrdinary1.00000iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure093092812015-11-30093092812016-11-30093092812015-12-012016-11-30093092812015-01-31093092812015-02-012015-11-30093092812015-11-3009309281ns12:England2015-12-012016-11-3009309281ns14:PoundSterling2015-12-012016-11-3009309281ns7:Director12015-12-012016-11-3009309281ns7:OrdinaryShareClass12015-12-012016-11-3009309281ns7:Director22015-12-012016-11-3009309281ns7:RegisteredOffice2015-12-012016-11-3009309281ns7:EntityAccountantsOrAuditors2015-12-012016-11-3009309281ns5:NetGoodwill2015-12-012016-11-3009309281ns5:PlantMachinery2015-12-012016-11-3009309281ns5:FixturesFittings2015-12-012016-11-3009309281ns5:MotorVehicles2015-12-012016-11-3009309281ns5:ComputerEquipment2015-12-012016-11-3009309281ns7:OrdinaryShareClass12016-11-3009309281ns7:OrdinaryShareClass12015-11-30
REGISTERED NUMBER: 09309281(England and Wales)













ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 NOVEMBER 2016

FOR

LEE ATKINS TRADING AS AUTOSMART LTD

LEE ATKINS TRADING AS AUTOSMART LTD (REGISTERED NUMBER: 09309281)






CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 NOVEMBER 2016




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

LEE ATKINS TRADING AS AUTOSMART LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2016







DIRECTORS: L J Atkins
Mrs M V Atkins





REGISTERED OFFICE: Unit 4F
Racemeadow Road
Carlyon Road Industrial Est
Atherstone
Warwickshire
CV9 1LJ





REGISTERED NUMBER: 09309281(England and Wales)





ACCOUNTANTS: Philip Barnes & Co Limited
Chartered Accountants
The Old Council Chambers
Halford Street
Tamworth
Staffordshire
B79 7RB

LEE ATKINS TRADING AS AUTOSMART LTD (REGISTERED NUMBER: 09309281)

ABBREVIATED BALANCE SHEET
30 NOVEMBER 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 12,432 22,213
Tangible assets 3 106,785 91,090
119,217 113,303

CURRENT ASSETS
Stocks 20,141 15,515
Debtors 197,081 196,355
Cash at bank and in hand 34,735 39,053
251,957 250,923
CREDITORS
Amounts falling due within one year 205,480 291,246
NET CURRENT ASSETS/(LIABILITIES) 46,477 (40,323 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

165,694

72,980

CREDITORS
Amounts falling due after more than one year (27,766 ) (33,087 )

PROVISIONS FOR LIABILITIES (5,600 ) -
NET ASSETS 132,328 39,893

CAPITAL AND RESERVES
Called up share capital 4 100 100
Profit and loss account 132,228 39,793
SHAREHOLDERS' FUNDS 132,328 39,893

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2016 in accordance with Section 476 of the Companies Act 2006.

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.

LEE ATKINS TRADING AS AUTOSMART LTD (REGISTERED NUMBER: 09309281)

ABBREVIATED BALANCE SHEET - continued
30 NOVEMBER 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 Board of Directors on 23 August 2017and were signed on its behalf by:





L J Atkins- Director


LEE ATKINS TRADING AS AUTOSMART LTD (REGISTERED NUMBER: 09309281)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 NOVEMBER 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 revenue recognised by the company in respect of goods and services supplied during the period,
excluding value added tax.

Goodwill
Acquired goodwill is written off in equal instalments over its estimated useful economic life.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery - 20% reducing balance
Fixtures and fittings - 20% reducing balance
Motor vehicles - 20% reducing balance
Computer equipment - 33% 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held
under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are
depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The
capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period
of the lease.

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.

LEE ATKINS TRADING AS AUTOSMART LTD (REGISTERED NUMBER: 09309281)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2016

2. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 December 2015
and 30 November 2016 29,344
AMORTISATION
At 1 December 2015 7,131
Amortisation for year 9,781
At 30 November 2016 16,912
NET BOOK VALUE

At 30 November 2016 12,432
At 30 November 2015 22,213

3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 December 2015 114,629
Additions 43,157
At 30 November 2016 157,786
DEPRECIATION
At 1 December 2015 23,539
Charge for year 27,462
At 30 November 2016 51,001
NET BOOK VALUE
At 30 November 2016 106,785
At 30 November 2015 91,090

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2016 2015
value: £    £   
100 Ordinary £1 100 100