REGISTERED NUMBER: 03843158 (England and Wales)

A & F MOTORS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2018

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D J Andrews

K Andrews

P Fleckney

P G Fleckney

SECRETARY:

P G Fleckney

REGISTERED OFFICE:

3 Kensworth Gate

200 - 204 High Street South

Dunstable

Bedfordshire

LU6 3HS

REGISTERED NUMBER:

03843158 (England and Wales)

FIXED ASSETS

Tangible assets

4

9,069

11,838

CURRENT ASSETS

Stocks

4,338

4,292

Debtors

5

30,576

31,910

Cash at bank and in hand

45,247

51,950

80,161

88,152

CREDITORS

Amounts falling due within one year

6

62,539

80,479

NET CURRENT ASSETS

17,622

7,673

TOTAL ASSETS LESS CURRENT LIABILITIES

26,691

19,511

PROVISIONS FOR LIABILITIES

7

1,723

2,078

NET ASSETS

24,968

17,433

CAPITAL AND RESERVES

Called up share capital

8

200

200

Retained earnings

24,768

17,233

SHAREHOLDERS' FUNDS

24,968

17,433

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2018 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 5th December 2018 and were signed on its behalf by:

K Andrews - Director

1.	STATUTORY INFORMATION

A & F Motors 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 each asset over its estimated useful life.

Plant and machinery etc

-

50% on reducing balance, 25% on reducing balance and 15% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2017 - 16 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1st April 2017

and 31st March 2018

21,506

34,263

1,557

57,326

DEPRECIATION

At 1st April 2017

19,463

24,517

1,508

45,488

Charge for year

307

2,437

25

2,769

At 31st March 2018

19,770

26,954

1,533

48,257

NET BOOK VALUE

At 31st March 2018

1,736

7,309

24

9,069

At 31st March 2017

2,043

9,746

49

11,838

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

30,576

31,910

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade creditors

26,716

35,057

Corporation tax

7,986

2,526

Social security and other taxes

1,401

3,915

VAT

18,852

16,698

Directors' current accounts

3,478

19,246

Accrued expenses

4,106

3,037

62,539

80,479

7.	PROVISIONS FOR LIABILITIES

2018

2017

£

£

Deferred tax

Accelerated capital allowances

1,723

2,078

Deferred

tax

£

Balance at 1st April 2017

2,078

Credit to Income Statement during year

(355

)

Balance at 31st March 2018

1,723

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2018

2017

value:

£

£

100

Ordinary

£1

100

100

100

Ordinary-A

£1

100

100

200

200