REGISTERED NUMBER: 01856688 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2016

FOR

A & R MOTOR SERVICES LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

J C Roberts

P Hobson

SECRETARY:

Mrs. C L Duckenfield

REGISTERED OFFICE:

33 - 35 Bold Street

SHEFFIELD

S9 2LR

REGISTERED NUMBER:

01856688 (England and Wales)

ACCOUNTANTS:

David Booker FCA

63 Stumperlowe Crescent Road

Sheffield

South Yorkshire

S10 3PR

BANKERS:

Barclays Bank plc

2 - 12 Pinstone Street

Sheffield

South Yorkshire

S1 2HN

FIXED ASSETS

Tangible assets

2

520,720

530,535

CURRENT ASSETS

Stocks

31,874

25,154

Debtors

199,417

209,887

Cash at bank

2,547

3,547

233,838

238,588

CREDITORS

Amounts falling due within one year

3

258,336

254,409

NET CURRENT LIABILITIES

(24,498

)

(15,821

)

TOTAL ASSETS LESS CURRENT LIABILITIES

496,222

514,714

CREDITORS

Amounts falling due after more than one year

3

(93,409

)

(112,001

)

PROVISIONS FOR LIABILITIES

(8,400

)

(8,100

)

NET ASSETS

394,413

394,613

CAPITAL AND RESERVES

Called up share capital

4

100

100

Revaluation reserve

253,056

258,906

Profit and loss account

141,257

135,607

SHAREHOLDERS' FUNDS

394,413

394,613

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 18 November 2016 and were signed on its behalf by:

J C Roberts - Director

P Hobson - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention as modified by the revaluation

of certain assets and in accordance with the Financial Reporting Standard for Smaller Entities (effective January

2015).

Turnover

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 fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Freehold property

-

2% on cost

Plant and machinery

-

15% on reducing balance

Motor vehicles

-

25% 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

Full provision is made for deferred tax assets and liabilities arising from all timing differences between the

recognition of gains and losses in the financial statements and recognition in the tax computation.

Deferred tax is not provided on all timing differences arising from the revaluation of fixed assets in the financial

statements.

Deferred tax assets and liabilities are calculated at the tax rates expected to be effective at the time the timing

differences are expected to reverse.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The

capital element of the future payments is treated as a liability.

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.

Revaluation of tangible fixed assets

Individual freehold and leasehold properties are carried at current year value at the balance sheet date.

Valuations are obtained from a qualified valuer for each property on a regular basis.

Revaluation gains and losses are recognised in the statement of total recognised gains and losses unless losses

exceed the previously recognised gains or reflect a clear consumption of economic benefits, in which case the

losses are recognised in the Profit and loss account.

2.	TANGIBLE FIXED ASSETS

Total

£

COST OR VALUATION

At 1 April 2015

966,246

Additions

8,791

At 31 March 2016

975,037

DEPRECIATION

At 1 April 2015

435,711

Charge for year

18,606

At 31 March 2016

454,317

NET BOOK VALUE

At 31 March 2016

520,720

At 31 March 2015

530,535

3.

CREDITORS

Creditors include an amount of £ 149,241 (2015 - £ 121,646 ) for which security has been given.

They also include the following debts falling due in more than five years:

2016

2015

£

£

Repayable by instalments

40,845

54,653

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

100

Ordinary

£1

100

100

5.	ULTIMATE PARENT COMPANY

A & R Motor Holdings Limited is regarded by the directors as being the company's ultimate parent company.