Company Registration No. 07202077 (England and Wales)
A AND D TYRES LTD.
Unaudited accounts
for the year ended 31 March 2018
A AND D TYRES LTD.
Unaudited accounts
Contents
A AND D TYRES LTD.
Company Information
for the year ended 31 March 2018
Directors
Anna Louise Hughes Morris
David Hywel Morris
Company Number
07202077 (England and Wales)
Registered Office
Ty Gwyn Isaf
Llanbadarn Fawr
Aberystwyth
Ceredigion
SY23 3HJ
UK
Accountants
Llywela Thomas Bookkeeping
The Cambria
Marine Terrace
Aberystwyth
Ceredigion
SY23 2AZ
A AND D TYRES LTD.
Statement of financial position
as at 31 March 2018
Tangible assets
61,122
43,382
Cash at bank and in hand
81,106
84,162
Creditors: amounts falling due within one year
(204,580)
(177,342)
Net current assets
64,837
64,379
Net assets
125,959
107,761
Profit and loss account
125,759
107,561
Shareholders' funds
125,959
107,761
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. 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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 28 December 2018.
Anna Louise Hughes Morris
Director
Company Registration No. 07202077
A AND D TYRES LTD.
Notes to the Accounts
for the year ended 31 March 2018
A AND D TYRES LTD. is a private company, limited by shares, registered in England and Wales, registration number 07202077. The registered office is Ty Gwyn Isaf, Llanbadarn Fawr, Aberystwyth, Ceredigion, SY23 3HJ, UK.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of value Added Tax.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
A AND D TYRES LTD.
Notes to the Accounts
for the year ended 31 March 2018
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2017
18,624
86,729
37,514
142,867
Additions
9,291
37,105
15,212
61,608
Disposals
-
(20,250)
-
(20,250)
At 31 March 2018
27,915
103,584
52,726
184,225
At 1 April 2017
18,624
46,267
34,594
99,485
Charge for the year
4,645
15,710
3,263
23,618
At 31 March 2018
23,269
61,977
37,857
123,103
At 31 March 2018
4,646
41,607
14,869
61,122
At 31 March 2017
-
40,462
2,920
43,382
Raw materials
63,592
40,000
Trade debtors
124,102
117,559
Accrued income and prepayments
617
-
7
Creditors: amounts falling due within one year
2018
2017
Trade creditors
154,464
166,909
Taxes and social security
23,747
10,433
Proposed dividends
26,000
-
8
Average number of employees
During the year the average number of employees was 8 (2017: 8).