|
Statement of Consent to Prepare Abridged Financial Statements |
|
All of the members of A & J Blythe Motors Limited have consented to the preparation of the abridged statement of income and retained earnings and the abridged statement of financial position for the year ending 31 March 2018 in accordance with Section 444(2A) of the Companies Act 2006.
COMPANY REGISTRATION NUMBER:
05053981
|
A & J Blythe Motors Limited |
|
|
Filleted Unaudited Abridged Financial Statements |
|
|
A & J Blythe Motors Limited |
|
|
Abridged Statement of Financial Position |
|
31 March 2018
Fixed assets
|
Tangible assets |
5 |
|
3,817 |
5,090 |
|
|
|
|
|
Current assets
|
Debtors |
16,162 |
|
11,619 |
|
Cash at bank and in hand |
201 |
|
201 |
|
-------- |
|
-------- |
|
16,363 |
|
11,820 |
|
|
|
|
|
Creditors: amounts falling due within one year |
28,773 |
|
28,151 |
|
-------- |
|
-------- |
|
Net current liabilities |
|
12,410 |
16,331 |
|
|
-------- |
-------- |
|
Total assets less current liabilities |
|
(
8,593) |
(
11,241) |
|
|
------- |
-------- |
|
Net liabilities |
|
(
8,593) |
(
11,241) |
|
|
------- |
-------- |
|
|
|
|
Capital and reserves
|
Called up share capital |
|
100 |
100 |
|
Profit and loss account |
|
(
8,693) |
(
11,341) |
|
|
------- |
-------- |
|
Members deficit |
|
(
8,593) |
(
11,241) |
|
|
------- |
-------- |
|
|
|
|
These abridged financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the abridged statement of income and retained earnings has not been delivered.
For the year ending 31 March 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its abridged financial statements for the year in question in accordance with section 476
;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements
.
|
A & J Blythe Motors Limited |
|
|
Abridged Statement of Financial Position (continued) |
|
31 March 2018
These abridged financial statements were approved by the
board of directors
and authorised for issue on
23 November 2018
, and are signed on behalf of the board by:
|
Terence William Menzies |
|
|
Director |
|
|
|
Company registration number:
05053981
|
A & J Blythe Motors Limited |
|
|
Notes to the Abridged Financial Statements |
|
Year ended 31 March 2018
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 136 St Albans Road, Watford, WD24 4FT.
2.
Statement of compliance
These abridged financial statements have been prepared in compliance with the provisions of FRS 102 Section 1A, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The abridged financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The abridged financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
|
Reducing balance method |
- |
25% reducing balance |
|
|
|
|
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability. Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.
4.
Employee numbers
The average number of persons employed by the company during the year, including the director, amounted to
2
(2017:
2
).
5.
Tangible assets
|
£ |
|
Cost |
|
|
At 1 April 2017 and 31 March 2018 |
23,735 |
|
-------- |
|
Depreciation |
|
|
At 1 April 2017 |
18,645 |
|
Charge for the year |
1,273 |
|
-------- |
|
At 31 March 2018 |
19,918 |
|
-------- |
|
Carrying amount |
|
|
At 31 March 2018 |
3,817 |
|
-------- |
|
At 31 March 2017 |
5,090 |
|
-------- |
|
|
6.
Financial instruments at fair value
There are no requirements to disclose any financial instruments.
7.
Director's advances, credits and guarantees
There are no requirements to disclose any further transactions with the director other than as disclosed as in the accounts.
8.
Related party transactions
The company was under the control of Mr
Terence William Menzies
throughout the current and previous year. Mr Terence William Menzies
is the managing director and majority shareholder. No transactions with related parties were undertaken such as are required to be disclosed under Financial Reporting Standard 102.