Company Registration No. 08508248 (England and Wales)
Auto Investments UK (AIUK) Limited
Filleted accounts
for the year ended 30 April 2017
Auto Investments UK (AIUK) Limited
Filleted accounts
Contents
Auto Investments UK (AIUK) Limited
Company Information
for the year ended 30 April 2017
Company Number
08508248 (England and Wales)
Registered Office
45 Bakewell Street
Leicester
LE2 0FF
Accountants
YP Finance
Hawthorne House
17A Hawthorne Drive
Leicester
Leicestershire
LE5 6DL
Auto Investments UK (AIUK) Limited
Statement of financial position
as at 30 April 2017
Cash at bank and in hand
13,599
5,440
Creditors: amounts falling due within one year
(76,330)
(56,981)
Net current assets
20,539
20,147
Called up share capital
100
100
Profit and loss account
20,439
20,047
Shareholders' funds
20,539
20,147
For the year ending 30 April 2017 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 30 January 2018.
S Patel
Director
Company Registration No. 08508248
Auto Investments UK (AIUK) Limited
Notes to the Accounts
for the year ended 30 April 2017
Auto Investments UK (AIUK) Limited is a private company, limited by shares, registered in England and Wales, registration number 08508248. The registered office is 45 Bakewell Street , Leicester, LE2 0FF.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 30 April 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 May 2015.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Finished goods
73,270
61,164
Auto Investments UK (AIUK) Limited
Notes to the Accounts
for the year ended 30 April 2017
Other debtors
10,000
10,000
6
Creditors: amounts falling due within one year
2017
2016
Taxes and social security
1,475
3,547
Other creditors
73,879
52,458
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
The ultimate controlling parties are considered to be A Makda and S Patel by virtue of their equal controlling interest in the company.
9
Average number of employees
During the year the average number of employees was 2 (2016: 2).
