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Auto Umbau Limited

Unaudited Abbreviated Accounts
 
for the Year Ended 31 March 2016

Michael J Emery & Co Limited
22 St John Street
Newport Pagnell
Buckinghamshire
MK16 8HJ

Auto Umbau Limited

Contents

Accountants' Report	1
Abbreviated Balance Sheet	2 to 3
Notes to the Abbreviated Accounts	4 to 6

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 6) have been prepared.

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Auto Umbau Limited
for the Year Ended 31 March 2016

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Auto Umbau Limited for the year ended 31 March 2016 set out on pages 2 to 6 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 Board of Directors of Auto Umbau Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Auto Umbau Limited and state those matters that we have agreed to state to them, as a body, 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 Auto Umbau Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Auto Umbau Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Auto Umbau Limited. You consider that Auto Umbau 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 accounts of Auto Umbau 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 accounts.

......................................

Michael J Emery & Co Limited
22 St John Street
Newport Pagnell
Buckinghamshire
MK16 8HJ

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

Page 1

Auto Umbau Limited

(Registration number: 07000021)
Abbreviated Balance Sheet as at 31 March 2016

	Note	2016  £	2015  £
Fixed assets
Intangible assets	2	2,082	2,212
Tangible assets	2	32,296	37,822
Investments	2	2	2
		34,380	40,036
Current assets
Stocks		60,985	26,837
Debtors		215,571	99,694
Cash at bank and in hand		29,143	2,430
		305,699	128,961
Prepayments and accrued income		12,054	12,185
Creditors: Amounts falling due within one year		(294,996)	(263,978)
Net current assets/(liabilities)		22,757	(122,832)
Total assets less current liabilities		57,137	(82,796)
Provisions for liabilities		(3,102)	-
Accruals and deferred income		(74,529)	(4,718)
Net liabilities		(20,494)	(87,514)
Capital and reserves
Called up share capital	3	1,000	1,000
Profit and loss account		(21,494)	(88,514)
Shareholders deficit		(20,494)	(87,514)

For the year ending 31 March 2016 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.

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

Approved by the director on 7 December 2016

The notes on pages 4 to 6 form an integral part of these financial statements.
Page 2

Auto Umbau Limited

(Registration number: 07000021)
Abbreviated Balance Sheet as at 31 March 2016

.........................................
Mr Robin James McKenzie
Director

The notes on pages 4 to 6 form an integral part of these financial statements.
Page 3

Auto Umbau Limited

Notes to the Abbreviated Accounts

1

Accounting policies

Going concern

The financial statements have been prepared on a going concern basis. The validity of this is dependent upon the continued financial support of the company's director and Woodway Limited.

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Revenue recognition

Revenue is recognised to the extent that the company obtains the right to consideration in exchange for its performance. Revenue is measured at the fair value of the consideration received, excluding discounts, rebates, VAT and other sales tax or duty.

Intangible assets

Intangible assets are stated in the balance sheet at cost less accumulated amortisation and impairment. They are amortised on a straight line basis over their estimated useful lives.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Plant and machinery	20% on cost
Fixtures and fittings	at varying rates on cost
Motor vehicles	20% on cost
Office equipment	at varying rates on cost
Improvements to property	4% on cost

Stock

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

Provisions

A provision is recognised when there is a legal or constructive obligation as a result of a past event and it is probable that an outflow of economic benefits will be required to settle the obligation.

Deferred tax

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

Page 4

Auto Umbau Limited

Notes to the Abbreviated Accounts

2

Fixed assets

	Intangible assets £	Tangible assets £	Investments £	Total £
Cost
At 1 April 2015	2,602	94,800	2	97,404
Additions	-	4,620	-	4,620
At 31 March 2016	2,602	99,420	2	102,024
Depreciation
At 1 April 2015	390	56,978	-	57,368
Charge for the year	130	10,146	-	10,276
At 31 March 2016	520	67,124	-	67,644
Net book value
At 31 March 2016	2,082	32,296	2	34,380
At 31 March 2015	2,212	37,822	2	40,036

Details of undertakings

Details of the investments in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking

Country of incorporation

Holding

Proportion of voting rights and shares held

Principal activity

Subsidiary undertakings
Antenna Products Limited	United Kingdom	Ordinary £1 shares	66.67%	Distributing antennas.