REGISTERED NUMBER: 01574570 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 December 2015

for

Andrew Street Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

A D Street

SECRETARY:

D Street

REGISTERED OFFICE:

St Georges Square

Droitwich

Worcestershire

WR9 8LD

REGISTERED NUMBER:

01574570 (England and Wales)

ACCOUNTANTS:

Taylor Hobbs

Cherry Tree Barn

Walcot Lane

Drakes Broughton

Pershore

Worcestershire

WR10 2AL

FIXED ASSETS

Tangible assets

2

1,061

1,326

CURRENT ASSETS

Stocks

98,401

103,163

Debtors

17,935

24,417

Cash at bank and in hand

52,715

19,654

169,051

147,234

CREDITORS

Amounts falling due within one year

187,841

105,353

NET CURRENT (LIABILITIES)/ASSETS

(18,790

)

41,881

TOTAL ASSETS LESS CURRENT LIABILITIES

(17,729

)

43,207

CREDITORS

Amounts falling due after more than one year

30,000

60,000

NET LIABILITIES

(47,729

)

(16,793

)

CAPITAL AND RESERVES

Called up share capital

3

25,838

25,838

Capital redemption reserve

2,648

2,648

Profit and loss account

(76,215

)

(45,279

)

SHAREHOLDERS' FUNDS

(47,729

)

(16,793

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 11 November 2016 and were signed by:

A D Street - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The accounts have been prepared on a going concern basis, despite the fact that liabilities exceed assets. The

director has given an undertaking to support the company until it returns to a net assets position. He considers

that it is appropriate to prepare the accounts on the going concern basis.

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 January 2015).

Exemption from preparing a cash flow statement

Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a

small company.

Turnover

Turnover from the sale of goods and provisions of services is recognised in the profit and loss account, net of

discounts, when the significant risks and rewards of ownership have been transferred to the buyer. In general this

occurs when vehicles or parts have been supplied or when the service has been completed.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Plant and machinery

-

20% 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2015

and 31 December 2015

1,895

DEPRECIATION

At 1 January 2015

569

Charge for year

265

At 31 December 2015

834

NET BOOK VALUE

At 31 December 2015

1,061

At 31 December 2014

1,326

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.15

31.12.14

value:

£

£

23,254

Ordinary A

1

23,254

23,254

2,584

Ordinary B

1

2,584

2,584

25,838

25,838

4.	ULTIMATE PARENT COMPANY

Berrow Investments Ltd is regarded by the director as being the company's ultimate parent company.

5.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2015 and

31 December 2014:

31.12.15

31.12.14

£

£

A D Street

Balance outstanding at start of year

(11,050

)

29,155

Amounts advanced

37,282

52,824

Amounts repaid

(88,000

)

(93,029

)

Balance outstanding at end of year

(61,768

)

(11,050

)

6.	POST BALANCE SHEET EVENT

The company will be ceasing to trade at the end November 2016 and is therefore not a going concern. The

company have put plans in place to satisfy their debts by means of selling all vehicles held in stock.