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Registration number: 05680588

A & R Limo's Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 31 January 2017

Brothertons Accountants Ltd
2 Commercial House
Abbeymead Avenue
Gloucester
GL4 5UA

 

A & R Limo's Ltd

Contents

Company Information

1

Accountants' Report

2

Balance Sheet

3

Statement of Changes in Equity

4

Notes to the Financial Statements

5 to 9

 

A & R Limo's Ltd

Company Information

Director

Mrs Alison Wendy Bingle

Company secretary

Tracey Louise Bingle

Registered office

91 Midland Rd
STONEHOUSE
Stonehouse
GL10 2DN

Accountants

Brothertons Accountants Ltd
2 Commercial House
Abbeymead Avenue
Gloucester
GL4 5UA

 

Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
A & R Limo's Ltd
for the Year Ended 31 January 2017

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of A & R Limo's Ltd for the year ended 31 January 2017 as set out on pages 3 to 9 from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors of A & R Limo's Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of A & R Limo's Ltd and state those matters that we have agreed to state to the Board of Directors of A & R Limo's Ltd, as a body. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than A & R Limo's Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that A & R Limo's Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of A & R Limo's Ltd. You consider that A & R Limo's Ltd 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 accounts of A & R Limo's Ltd. 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 accounts.

......................................

Brothertons Accountants Ltd
2 Commercial House
Abbeymead Avenue
Gloucester
GL4 5UA

20 October 2017

 

A & R Limo's Ltd

(Registration number: 05680588)
Balance Sheet as at 31 January 2017

Note

2017
£

2016
£

Fixed assets

 

Tangible assets

4

17,429

21,786

Current assets

 

Debtors

5

231

95

Cash at bank and in hand

 

186

42

 

417

137

Creditors: Amounts falling due within one year

6

(35,291)

(36,336)

Net current liabilities

 

(34,874)

(36,199)

Net liabilities

 

(17,445)

(14,413)

Capital and reserves

 

Called up share capital

100

100

Profit and loss account

(17,545)

(14,513)

Total equity

 

(17,445)

(14,413)

For the financial year ending 31 January 2017 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 accounts for the year in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the director on 20 October 2017
 

.........................................

Mrs Alison Wendy Bingle

Director

 

A & R Limo's Ltd

Statement of Changes in Equity for the Year Ended 31 January 2017

Share capital
£

Profit and loss account
£

Total
£

At 1 February 2016

100

(14,513)

(14,413)

Loss for the year

-

(3,032)

(3,032)

Total comprehensive income

-

(3,032)

(3,032)

At 31 January 2017

100

(17,545)

(17,445)

Share capital
£

Profit and loss account
£

Total
£

At 1 February 2015

100

(10,765)

(10,665)

Loss for the year

-

(3,748)

(3,748)

Total comprehensive income

-

(3,748)

(3,748)

At 31 January 2016

100

(14,513)

(14,413)

 

A & R Limo's Ltd

Notes to the Financial Statements for the Year Ended 31 January 2017

1

General information

The company is a private company limited by share capital incorporated in England and Wales.

The address of its registered office is:
91 Midland Rd
STONEHOUSE
Stonehouse
GL10 2DN

These financial statements were authorised for issue by the director on 20 October 2017.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Motor Vehicles

20% Reducing Balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

A & R Limo's Ltd

Notes to the Financial Statements for the Year Ended 31 January 2017

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2016 - 1).

 

A & R Limo's Ltd

Notes to the Financial Statements for the Year Ended 31 January 2017

4

Tangible assets

Motor vehicles
 £

Total
£

Cost or valuation

At 1 February 2016

89,254

89,254

At 31 January 2017

89,254

89,254

Depreciation

At 1 February 2016

67,468

67,468

Charge for the year

4,357

4,357

At 31 January 2017

71,825

71,825

Carrying amount

At 31 January 2017

17,429

17,429

At 31 January 2016

21,786

21,786

5

Debtors

2017
£

2016
£

Other debtors

231

95

Total current trade and other debtors

231

95

6

Creditors

Note

2017
£

2016
£

Due within one year

 

Amounts owed to group undertakings and undertakings in which the company has a participating interest

20,116

21,161

Other creditors

 

15,175

15,175

 

35,291

36,336

7

Transition to FRS 102

Balance Sheet at 1 February 2015
 

Note

As originally reported
£

Reclassification
£

Remeasurement
£

As restated
£

Capital and reserves

 

Total equity

 

-

-

-

-

 

A & R Limo's Ltd

Notes to the Financial Statements for the Year Ended 31 January 2017

Balance Sheet at 31 January 2016
 

Note

As originally reported
£

Reclassification
£

Remeasurement
£

As restated
£

Capital and reserves

 

Total equity

 

-

-

-

-

 

A & R Limo's Ltd

Notes to the Financial Statements for the Year Ended 31 January 2017

Profit and Loss Account for the year ended 31 January 2016
 

Note

As originally reported
£

Reclassification
£

Remeasurement
£

As restated
£

Turnover

 

-

-

-

-

Operating profit/(loss)

 

-

-

-

-

Profit/(loss) before tax

 

-

-

-

-

Profit/(loss) for the financial year

 

-

-

-

-