| Registered Number:04160443 |
For the year ended 28 February 2018
England and Wales
Unaudited Financial Statements
For the year ended 28 February 2018
B L Autos & Sons Ltd
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
B L Autos & Sons Ltd
Statement of Financial Position
2017
2018
| Property, plant and equipment |
7,170
6,212
2
7,170
6,212
5,092
4,435
3
| Trade and other receivables |
12,785
9,774
4
6,062
| Cash and cash equivalents |
2,051
16,260
23,939
| Trade and other payables: amounts falling due within one |
| year |
(59,652)
(58,191)
5
(35,713)
(41,931)
Net current liabilities
| Total assets less current liabilities |
(34,761)
(29,501)
(34,761)
Net liabilities
(29,501)
100
100
(34,861)
(29,601)
(34,761)
(29,501)
Shareholders' funds
| For the year ended 28 February 2018 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 28 February 2018 in accordance with Section 476 of the Companies Act 2006 |
| The directors acknowledge their 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 applicable to companies subject to the small companies regime. |
| These financial statements were approved and authorised for issue by the Board on 27 November 2018 and were signed by: |
| The notes form part of these financial statements |
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For the year ended 28 February 2018
B L Autos & Sons Ltd
Notes to the Financial Statements
Statutory Information
| B L Autos & Sons Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration |
| number 04160443. |
8 Southfields
Welwyn Garden City
Hertfordshire
AL7 4ST
| The presentation currency is £ sterling. |
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. |
| The financial statements have been prepared on a going concern basis. The company's ongoing activities are |
| dependent upon the continued support of the directors who have undertaken to provide such support for the |
| foreseeable future. |
| If the going concern basis were not appropriate, adjustments would have to be made to reduce the value of assets to |
| their recoverable amount, to provide for any further liabilities that may arise and to reclassify fixed assets as current |
| assets and long term liabilities as current liabilities. |
Revenue recognition
| Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. |
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: |
Computer equipment
Vehicles
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. |
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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For the year ended 28 February 2018
B L Autos & Sons Ltd
Notes to the Financial Statements Continued
| 2. Property, plant and equipment |
Vehicles
14,692
2,225
10,867
1,600
2,800
1,000
-
1,800
3,400
10,867
3,225
17,492
| Provision for depreciation and impairment |
8,480
1,869
5,348
1,263
Charge for year
1,842
587
828
427
10,322
2,456
6,176
1,690
1,710
4,691
769
7,170
337
5,519
356
6,212
2017
2018
4,435
5,092
| 4. Trade and other receivables |
2017
2018
5,506
7,938
4,268
4,847
12,785
9,774
| 5. Trade and other payables: amounts falling due within one year |
2017
2018
28,851
31,573
| Taxation and social security |
1,428
1,605
27,912
26,474
58,191
59,652
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