A & P Autos Limited - Limited company - abbreviated

REGISTERED NUMBER: 06015322 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31st December 2014

for

A & P Autos Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

Chartered Accountants' Report

5

DIRECTOR:

A T Desmond

REGISTERED OFFICE:

29a Crown Street

Brentwood

Essex

CM14 4BA

REGISTERED NUMBER:

06015322 (England and Wales)

ACCOUNTANTS:

Moulton Johnson Limited

Chartered Accountants

29a Crown Street

Brentwood

Essex

CM14 4BA

FIXED ASSETS

Tangible assets

2

48

6,832

CURRENT ASSETS

Stocks

12,980

30,235

Cash at bank

24,547

21,916

37,527

52,151

CREDITORS

Amounts falling due within one year

34,630

50,969

NET CURRENT ASSETS

2,897

1,182

TOTAL ASSETS LESS CURRENT
LIABILITIES

2,945

8,014

CREDITORS

Amounts falling due after more than one
year

130,000

120,000

NET LIABILITIES

(127,055

)

(111,986

)

CAPITAL AND RESERVES

Called up share capital

3

101

Profit and loss account

(127,156

)

(112,087

)

SHAREHOLDERS' FUNDS

(127,055

)

(111,986

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2014 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 11th September 2015 and were signed by:

A T Desmond - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statement have been prepared using the going concern concept. The director considers this basis of

preparation to be appropriate as the principal shareholder has indicated that he will continue to fund the

company's activities by way of his interest-free loan for the foreseeable future.

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 April 2008).

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 etc

-

25% 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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st January 2014

and 31st December 2014

27,975

DEPRECIATION

At 1st January 2014

21,143

Charge for year

6,784

At 31st December 2014

27,927

NET BOOK VALUE

At 31st December 2014

48

At 31st December 2013

6,832

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.14

31.12.13

value:

£

100

Ordinary

£1

100

1

Ordinary 'A'

£1

1

101

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

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to four)

have been prepared.

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 & P Autos Limited for the year ended 31st December 2014 which comprise the Profit and Loss

Account, the 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 at icaew.com/membershandbook.

This report is made solely to the director of A & P Autos Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of A & P Autos Limited and state those matters that we have agreed to state to the director of A & P Autos Limited in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that A & P Autos 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 loss of A & P Autos Limited. You consider that A & P Autos 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 & P Autos 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.

Moulton Johnson Limited

Chartered Accountants

29a Crown Street

Brentwood

Essex

CM14 4BA

11th September 2015