APS Auto Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 04477967 (England and Wales)

APS AUTO LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30TH SEPTEMBER 2015

Page

Company Information

1

Abbreviated Balance Sheet

2

to

3

Notes to the Abbreviated Accounts

4

to

5

Chartered Accountants' Report

6

DIRECTOR:

P Plehov

SECRETARY:

H Plehov

REGISTERED OFFICE:

Charnwood Edge

Syston Road

Cossington

LEICESTER

LE7 4UZ

REGISTERED NUMBER:

04477967 (England and Wales)

ACCOUNTANTS:

Duncan & Toplis Limited

The Gables

Bishop Meadow Road

Loughborough

Leicestershire

LE11 5RE

FIXED ASSETS

Tangible assets

2

8,993

11,129

CURRENT ASSETS

Stocks

2,000

8,250

Debtors

5,846

9,687

Cash at bank

8,664

701

16,510

18,638

CREDITORS

Amounts falling due within one year

16,751

19,571

NET CURRENT LIABILITIES

(241

)

(933

)

TOTAL ASSETS LESS CURRENT LIABILITIES

8,752

10,196

CREDITORS

Amounts falling due after more than one
year

(395

)

(2,544

)

PROVISIONS FOR LIABILITIES

(1,326

)

(1,649

)

NET ASSETS

7,031

6,003

CAPITAL AND RESERVES

Called up share capital

3

1

Profit and loss account

7,030

6,002

SHAREHOLDERS' FUNDS

7,031

6,003

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th September 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 2015 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 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 director on 9th June 2016 and were signed by:

P Plehov - Director

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 April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

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 etc

-

33% on cost, 25% on reducing balance and 15% on 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

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

period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st October 2014

53,839

Additions

282

At 30th September 2015

54,121

DEPRECIATION

At 1st October 2014

42,710

Charge for year

2,418

At 30th September 2015

45,128

NET BOOK VALUE

At 30th September 2015

8,993

At 30th September 2014

11,129

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

1

Ordinary

£1.00

1

4.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30th September 2015 and

30th September 2014:

2015

2014

£

P Plehov

Balance outstanding at start of year

(7,493

)

5,591

Amounts advanced

22,019

19,863

Amounts repaid

(19,686

)

(32,947

)

Balance outstanding at end of year

(5,160

)

(7,493

)

Interest was charged at a rate of 0% on these transactions during the year.

The following reproduces the text of the report prepared for the director in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to five)

have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of APS Auto Limited for the year ended 30th September 2015 which comprise the Profit and Loss

Account, the Balance Sheet and the related notes from the company's accounting records and from information and

explanations you have given to us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject

to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the director of APS Auto Limited in accordance with the terms of our engagement letter

dated 16th May 2016. Our work has been undertaken solely to prepare for your approval the financial statements of

APS Auto Limited and state those matters that we have agreed to state to the director of APS Auto Limited in this

report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we

do not accept or assume responsibility to anyone other than the company and its director for our work or for this

report.

It is your duty to ensure that APS Auto Limited has kept adequate accounting records and to prepare statutory

financial statements that give a true and fair view of the assets, liabilities, financial position and profit of APS Auto

Limited. You consider that APS Auto Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of APS Auto Limited. For this

reason, we have not verified the accuracy or completeness of the accounting records or information and explanations

you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Duncan & Toplis Limited

The Gables

Bishop Meadow Road

Loughborough

Leicestershire

LE11 5RE

22nd June 2016