REGISTERED NUMBER: 07343216 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2016

FOR

A & G AUTO REPAIRS (GRIMSBY) LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

A V Johnson

G A Love

SECRETARY:

Mrs P Johnson

REGISTERED OFFICE:

3 The Foundry

High Street

North Thoresby

Lincolnshire

DN36 5PL

REGISTERED NUMBER:

07343216 (England and Wales)

ACCOUNTANTS:

Accountancy Solutions (UK) Limited

Chartered Certified Accountants

& Statutory Auditors

Suite 9 Normanby Gateway

Lysaghts Way

Scunthorpe

North Lincolnshire

DN15 9YG

FIXED ASSETS

Tangible assets

2

5,669

6,717

CURRENT ASSETS

Stocks

745

811

Debtors

7,074

5,292

Cash at bank and in hand

18,347

33,449

26,166

39,552

CREDITORS

Amounts falling due within one year

23,743

46,167

NET CURRENT ASSETS/(LIABILITIES)

2,423

(6,615

)

TOTAL ASSETS LESS CURRENT LIABILITIES

8,092

102

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

7,992

2

SHAREHOLDERS' FUNDS

8,092

102

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 16 May 2017 and were signed on its behalf by:

A V Johnson - Director

G A Love - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the Financial

Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

15% on cost

Fixtures and fittings

-

25% on cost

Motor vehicles

-

25% on cost

Computer equipment

-

33% on cost

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

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

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2015

30,539

Additions

1,130

At 31 August 2016

31,669

DEPRECIATION

At 1 September 2015

23,822

Charge for year

2,178

At 31 August 2016

26,000

NET BOOK VALUE

At 31 August 2016

5,669

At 31 August 2015

6,717

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.8.16

31.8.15

value:

£

£

100

Ordinary shares

£1

100

100