REGISTERED NUMBER: 05531792 (England and Wales)

Unaudited Financial Statements for the Year Ended 31st August 2017

for

A & L Vehicle Recycling Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

7

DIRECTORS:

Mr A A Brown

Mr L W Peacock

SECRETARY:

Mr A A Brown

REGISTERED OFFICE:

Adeilad St David's Building

Stryd Lombard Street

Portmadog

Gwynedd

LL49 9AP

REGISTERED NUMBER:

05531792 (England and Wales)

ACCOUNTANTS:

Dunn & Ellis Cyf

Chartered Accountants

Adeilad St David's Building

Stryd Lombard Street

Porthmadog

Gwynedd

LL49 9AP

FIXED ASSETS

Tangible assets

4

100,695

102,434

CURRENT ASSETS

Debtors

5

40,881

31,738

Cash at bank

51,244

14,561

92,125

46,299

CREDITORS

Amounts falling due within one year

6

136,254

81,312

NET CURRENT LIABILITIES

(44,129

)

(35,013

)

TOTAL ASSETS LESS CURRENT LIABILITIES

56,566

67,421

CREDITORS

Amounts falling due after more than one year

7

(33,405

)

(43,393

)

PROVISIONS FOR LIABILITIES

(18,700

)

(19,932

)

NET ASSETS

4,461

4,096

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

4,361

3,996

4,461

4,096

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st August 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st August 2017 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 30th May 2018 and were signed on its behalf by:

Mr A A Brown - Director

1.	STATUTORY INFORMATION

A & L Vehicle Recycling Limited is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

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 & machinery - 10% reducing balance

Computer equipment - 20% reducing balance

Fixed assets are stated at their cost prices, less accumulated depreciation and less amounts recognised in respect

of impairment.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2016 - 10 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st September 2016

180,902

Additions

9,500

At 31st August 2017

190,402

DEPRECIATION

At 1st September 2016

78,468

Charge for year

11,239

At 31st August 2017

89,707

NET BOOK VALUE

At 31st August 2017

100,695

At 31st August 2016

102,434

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.17

31.8.16

£

£

Trade debtors

40,881

28,250

Other debtors

-

3,488

40,881

31,738

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.17

31.8.16

£

£

Bank loans and overdrafts

-

3,946

Hire purchase contracts

9,322

8,759

Trade creditors

17,465

14,210

Taxation and social security

25,292

12,071

Other creditors

84,175

42,326

136,254

81,312

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.8.17

31.8.16

£

£

Hire purchase contracts

1,611

10,933

Trade creditors

31,794

31,794

Other creditors

-

666

33,405

43,393

8.	RELATED PARTY DISCLOSURES

During the year, total dividends of £32,000 (2016 - £7,500) were paid to the directors .

The Directors loan account was in credit throughout the year to 31st August 2016 and this did not change in the

year to 31st August 2017.

9.	ULTIMATE CONTROLLING PARTY

The ultimate controlling parties are both directors.

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file

a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the

Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of A & L Vehicle Recycling Limited for the year ended 31st August 2017 which comprise the

Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and

explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of A & L Vehicle Recycling Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of A & L Vehicle Recycling Limited and state those matters that we have agreed to state to the Board of Directors of A & L Vehicle Recycling Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than A & L Vehicle Recycling Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that A & L Vehicle Recycling Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of A & L Vehicle Recycling Limited. You consider that A & L Vehicle Recycling Limited 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 financial statements of A & L Vehicle Recycling Limited. 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 financial statements.

Dunn & Ellis Cyf

Chartered Accountants

Adeilad St David's Building

Stryd Lombard Street

Porthmadog

Gwynedd

LL49 9AP

Date: .............................................