Registered Number 06318736

A & J AUTOS LTD

Abbreviated Accounts

31 July 2016

A & J AUTOS LTD Registered Number 06318736

Abbreviated Balance Sheet as at 31 July 2016

Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 34,481 5,384
34,481 5,384
Current assets
Stocks 2,081 1,911
Cash at bank and in hand 22,197 3,804
24,278 5,715
Creditors: amounts falling due within one year (51,817) (4,801)
Net current assets (liabilities) (27,539) 914
Total assets less current liabilities 6,942 6,298
Provisions for liabilities (6,829) (994)
Total net assets (liabilities) 113 5,304
Capital and reserves
Called up share capital 3 100 100
Profit and loss account 13 5,204
Shareholders' funds 113 5,304
  • For the year ending 31 July 2016 the company was entitled to exemption 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 in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 29 April 2017

And signed on their behalf by:
F M QURESHI, Director

A & J AUTOS LTD Registered Number 06318736

Notes to the Abbreviated Accounts for the period ended 31 July 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008

Turnover policy
Turnover comprises revenue recognised by the company in respect of goods and services
supplied during the year, exclusive of Value Added Tax and trade discounts.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Plant and machinery - 25% reducing balance method
Fixtures and fittings – 25% reducing balance method

2Tangible fixed assets
£
Cost
At 1 August 2015 25,402
Additions 39,730
Disposals -
Revaluations -
Transfers -
At 31 July 2016 65,132
Depreciation
At 1 August 2015 20,018
Charge for the year 10,633
On disposals -
At 31 July 2016 30,651
Net book values
At 31 July 2016 34,481
At 31 July 2015 5,384
3Called Up Share Capital
Allotted, called up and fully paid:
2016
£
2015
£
100 Ordinary shares of £1 each 100 100