TT Auto Centres Ltd - Accounts to registrar - small 17.2

TT Auto Centres Ltd - Accounts to registrar - small 17.2

TT AUTO CENTRES LTD - Company Information

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IRIS Accounts Production v17.2.1.52 08267874 director 1.1.16 31.12.16 31.12.16 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure082678742015-12-31082678742016-12-31082678742016-01-012016-12-31082678742014-12-31082678742015-01-012015-12-31082678742015-12-3108267874ns15:EnglandWales2016-01-012016-12-3108267874ns14:PoundSterling2016-01-012016-12-3108267874ns10:Director12016-01-012016-12-3108267874ns10:PrivateLimitedCompanyLtd2016-01-012016-12-3108267874ns10:SmallEntities2016-01-012016-12-3108267874ns10:AuditExempt-NoAccountantsReport2016-01-012016-12-3108267874ns10:SmallCompaniesRegimeForAccounts2016-01-012016-12-3108267874ns10:FullAccounts2016-01-012016-12-3108267874ns10:CompanySecretary12016-01-012016-12-3108267874ns10:RegisteredOffice2016-01-012016-12-3108267874ns5:CurrentFinancialInstruments2016-12-3108267874ns5:CurrentFinancialInstruments2015-12-3108267874ns5:ShareCapital2016-12-3108267874ns5:ShareCapital2015-12-3108267874ns5:RetainedEarningsAccumulatedLosses2016-12-3108267874ns5:RetainedEarningsAccumulatedLosses2015-12-3108267874ns5:PlantMachinery2016-01-012016-12-3108267874ns5:FurnitureFittings2016-01-012016-12-3108267874ns5:ComputerEquipment2016-01-012016-12-3108267874ns5:PlantMachinery2015-12-3108267874ns5:FurnitureFittings2015-12-3108267874ns5:ComputerEquipment2015-12-3108267874ns5:PlantMachinery2016-12-3108267874ns5:FurnitureFittings2016-12-3108267874ns5:ComputerEquipment2016-12-3108267874ns5:PlantMachinery2015-12-3108267874ns5:FurnitureFittings2015-12-3108267874ns5:ComputerEquipment2015-12-3108267874ns5:CurrentFinancialInstrumentsns5:WithinOneYear2016-12-3108267874ns5:CurrentFinancialInstrumentsns5:WithinOneYear2015-12-310826787412016-01-012016-12-31


REGISTERED NUMBER: 08267874 (England and Wales)
























Unaudited Financial Statements

for the Year Ended 31 December 2016

for

TT Auto Centres Ltd

TT Auto Centres Ltd (Registered number: 08267874)






Contents of the Financial Statements
for the Year Ended 31 December 2016




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


TT Auto Centres Ltd

Company Information
for the Year Ended 31 December 2016







DIRECTOR: Mrs C Robinson





SECRETARY: Mrs C Robinson





REGISTERED OFFICE: A11 City Industrial Estate
Western Road
Hockley
Birmingham
West Midlands
B18 7QD





REGISTERED NUMBER: 08267874 (England and Wales)





ACCOUNTANTS: James, Stanley & Co. Limited
1,733 Coventry Road
South Yardley
Birmingham
West Midlands
B26 1DT
Page 1
TT Auto Centres Ltd (Registered number: 08267874)

Balance Sheet
31 December 2016

31.12.16 31.12.15
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 5 2,010 1,669

CURRENT ASSETS
Inventories 6 1,971 2,575
Debtors 7 20,786 15,675
Cash at bank and in hand 1,089 513
23,846 18,763
CREDITORS
Amounts falling due within one year 8 26,907 19,995
NET CURRENT LIABILITIES (3,061 ) (1,232 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
(1,051
)
437

PROVISIONS FOR LIABILITIES 382 -
NET (LIABILITIES)/ASSETS (1,433 ) 437

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (1,434 ) 436
SHAREHOLDERS' FUNDS (1,433 ) 437

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

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.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 31 October 2017 and were signed by:



Mrs C Robinson - Director


The notes form part of these financial statements

Page 2
TT Auto Centres Ltd (Registered number: 08267874)

Notes to the Financial Statements
for the Year Ended 31 December 2016

1. STATUTORY INFORMATION

TT Auto Centres Ltd is a private company, limited by shares , registered in England and Wales. The company's
registered number and registered office address can be found on the Company Information page.

The company's trading address is Church Road, Perry Barr, Birmingham.

The presentation currency of the financial statements is the Pound Sterling (£).

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. There were no material departures from that accounting standard.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,
value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Computer equipment - 33% on reducing balance

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to
the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or
substantively enacted by the balance sheet date.

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

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that
have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the
timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they
will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 .

Page 3
TT Auto Centres Ltd (Registered number: 08267874)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2016

5. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 January 2016 2,595 587 129 3,311
Additions 850 - - 850
At 31 December 2016 3,445 587 129 4,161
DEPRECIATION
At 1 January 2016 1,266 286 90 1,642
Charge for year 436 60 13 509
At 31 December 2016 1,702 346 103 2,151
NET BOOK VALUE
At 31 December 2016 1,743 241 26 2,010
At 31 December 2015 1,329 301 39 1,669

6. INVENTORIES
31.12.16 31.12.15
£    £   
Stocks 1,971 2,575

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.16 31.12.15
£    £   
Trade debtors 1,610 1,582
Other debtors 17,701 14,093
Prepayments and accrued income 1,475 -
20,786 15,675

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.16 31.12.15
£    £   
Bank loans and overdrafts - 65
Trade creditors 2,173 337
Tax 4,051 4,051
Social security and other taxes 13,105 13,357
Other creditors - 1,465
Accruals and deferred income 7,578 720
26,907 19,995

9. POST BALANCE SHEET EVENTS

These financial statements were authorised for issue by the director on 31 October 2017.

Page 4
TT Auto Centres Ltd (Registered number: 08267874)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2016

10. FIRST YEAR ADOPTION

This is the first year that the company has presented its financial statements under Financial Reporting Standard
102 1A (FRS 102) issued by the Financial Reporting Council. The last financial statements, for the year ended
31 December 2015, were prepared under previous UK GAAP.
The transition date to FRS 102 1A permitted by FRS 102 Chapter 35 "transition to this FRS".

There are no significant changes to equity at the date of transition to FRS 102 (1 January 2015) as compared to
UK GAAP. The deficit for the comparative year did not require amendment for the effect of FRS 102.


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