A & D 4X4 LIMITED

Company Registration Number:
04064328 (England and Wales)

Unaudited abridged accounts for the year ended 30 September 2017

Period of accounts

Start date: 01 October 2016

End date: 30 September 2017

A & D 4X4 LIMITED

Contents of the Financial Statements

for the Period Ended 30 September 2017

Balance sheet
Notes

A & D 4X4 LIMITED

Balance sheet

As at 30 September 2017


Notes

2017

2016


£

£
Fixed assets
Tangible assets: 3 131,509 126,166
Total fixed assets: 131,509 126,166
Current assets
Stocks: 180,956 166,158
Debtors:   86,416 107,774
Cash at bank and in hand: 94,287 95,285
Total current assets: 361,659 369,217
Creditors: amounts falling due within one year:   (369,140) (362,424)
Net current assets (liabilities): (7,481) 6,793
Total assets less current liabilities: 124,028 132,959
Provision for liabilities: (20,338) (21,596)
Total net assets (liabilities): 103,690 111,363
Capital and reserves
Called up share capital: 1 2
Other reserves: 1
Profit and loss account: 103,688 111,361
Shareholders funds: 103,690 111,363

The notes form part of these financial statements

A & D 4X4 LIMITED

Balance sheet statements

For the year ending 30 September 2017 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 29 June 2018
and signed on behalf of the board by:

Name: ANDREW GOODALL
Status: Director

The notes form part of these financial statements

A & D 4X4 LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2017

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable net of VAT and tradediscounts. The policies adopted for the recognition of turnover are as follows:Sale of goodsTurnover from the sale of goods is recognised when significant risks and rewards of ownership of thegoods have transferred to the buyer, the amount of turnover can be measured reliably, it is probablethat the economic benefits associated with the transaction will flow to the company and the costsincurred or to be incurred in respect of the transaction can be measured reliably. This is usually ondispatch of the goods.Rendering of servicesWhen the outcome of a transaction can be estimated reliably, turnover from serving and repairs isrecognised by reference to the stage of completion at the balance sheet date.

Tangible fixed assets and depreciation policy

Tangible assetsTangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciationand accumulated impairment losses. Cost includes costs directly attributable to making the assetcapable of operating as intended.DepreciationDepreciation 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:Land - Land is not depreciatedShort leasehold property - 10% straight linePlant and machinery - 10% straight lineMotor vehicles - 20% straight lineIf there is an indication that there has been a significant change in depreciation rate, useful life orresidual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Other accounting policies

General information and basis of preparationA & D 4X4 Limited is a company limited by shares incorporated in England within the United Kingdom.The address of the registered office is given in the directors and other information on page 2 of thesefinancial statements.The nature of the company's operations and principal activities is that of wholesale and retail sales andservicing of 4 x 4 vehicles.The financial statements are presented in sterling which is the functional currency of the company androunded to the nearest £.These financial statements have been prepared in compliance with the provisions of FRS 102, Section1A small entitiesThe significant accounting policies applied in the preparation of these financial statements are set outbelow. These policies have been consistently applied to all years presented unless otherwise stated.ImpairmentAssets not measured at fair value are reviewed for any indication that the asset may be impaired ateach balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset'scash generating unit, is estimated and compared to the carrying amount. Where the carrying amountexceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset iscarried at a revalued amount where the impairment loss is a revaluation decrease.StocksStocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Costincludes all costs of purchase, costs of conversion and other costs incurred in bringing stock to itspresent location and condition. Cost is calculated using the first-in, first-out formula. Provision is madefor damaged, obsolete and slow-moving stock where appropriate.ProvisionsProvisions are recognised when the company has an obligation at the balance sheet date as a result ofa past event, it is probable that an outflow of economic benefits will be required in settlement and theamount can be reliably estimated.Loans and borrowingsLoans and borrowings are initially recognised at the transaction price including transaction costs.Subsequently, they are measured at amortised cost using the effective interest rate method, lessimpairment. If an arrangement constitutes a finance transaction it is measured at present value.Defined contribution plansThe company operates a defined contribution plan for the benefit of its employees. Contributions areexpensed as they become payable.

A & D 4X4 LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2017

2. Employees

2017 2016
Average number of employees during the period 10 7

A & D 4X4 LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2017

3. Tangible Assets

Total
Cost £
At 01 October 2016 307,788
Additions 55,255
Disposals (6,195)
At 30 September 2017 356,848
Depreciation
At 01 October 2016 181,622
Charge for year 49,912
On disposals (6,195)
At 30 September 2017 225,339
Net book value
At 30 September 2017 131,509
At 30 September 2016 126,166