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REGISTERED NUMBER: 02318856

























Financial Statements

for the Year Ended 31 December 2016

for

A & R Vehicle Services Limited

A & R Vehicle Services Limited (Registered number: 02318856)






Contents of the Financial Statements
for the Year Ended 31 December 2016




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


A & R Vehicle Services Limited

Company Information
for the Year Ended 31 December 2016







DIRECTORS: T W C Rushworth
P H Adams
R J Rushworth
C P Bannister
G D Simpson
P J Bevan
A S Bevan





SECRETARY: Mrs A J Rushworth





REGISTERED OFFICE: 257 Darlaston Road
Wednesbury
West Midlands
WS10 7TZ





REGISTERED NUMBER: 02318856





AUDITORS: HSKS Greenhalgh
Chartered Accountants &
Statutory Auditor
The Lion Buildings
8 Market Place
Uttoxeter
Staffordshire
ST14 8HP

A & R Vehicle Services Limited (Registered number: 02318856)

Statement of Financial Position
31 December 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1,790 2,685
Tangible assets 5 1,106,503 1,121,171
1,108,293 1,123,856

CURRENT ASSETS
Stocks 252,900 306,855
Debtors 6 769,360 1,049,002
Cash at bank and in hand 57,422 575
1,079,682 1,356,432
CREDITORS
Amounts falling due within one year 7 941,890 1,239,167
NET CURRENT ASSETS 137,792 117,265
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,246,085

1,241,121

CREDITORS
Amounts falling due after more than one
year

8

(371,168

)

(391,942

)

PROVISIONS FOR LIABILITIES (20,126 ) (22,582 )
NET ASSETS 854,791 826,597

CAPITAL AND RESERVES
Called up share capital 182 182
Retained earnings 854,609 826,415
SHAREHOLDERS' FUNDS 854,791 826,597

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 27 March 2017 and were signed on its
behalf by:





T W C Rushworth - Director


A & R Vehicle Services Limited (Registered number: 02318856)

Notes to the Financial Statements
for the Year Ended 31 December 2016

1. STATUTORY INFORMATION

A & R Vehicle Services Ltd is a limited liability company incorporated in England & 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.

The company has adopted FRS 102 at 31 December 2016, its date of transition being 1 January 2015.

The financial statements are presented in Sterling.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being
amortised evenly over its estimated useful life of 10 years, starting in January 2009.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured
at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated
useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery- equal annual instalments over 2 to 25 years
Motor vehicles- equal annual instalments over 1 to 4 years

Freehold land included within freehold property is not depreciated in line with the FRS 102.

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due
allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling
costs in bringing stocks to their present location and condition.

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 statement of financial position date.


A & R Vehicle Services Limited (Registered number: 02318856)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2016

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at
the statement of financial position 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 71 (2015 - 71 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2016
and 31 December 2016 8,950
AMORTISATION
At 1 January 2016 6,265
Charge for year 895
At 31 December 2016 7,160
NET BOOK VALUE
At 31 December 2016 1,790
At 31 December 2015 2,685

A & R Vehicle Services Limited (Registered number: 02318856)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2016

5. TANGIBLE FIXED ASSETS
Freehold Plant and Motor
property machinery vehicles Totals
£    £    £    £   
COST
At 1 January 2016 993,706 611,047 80,304 1,685,057
Additions - 25,710 5,050 30,760
Disposals - (2,999 ) (11,500 ) (14,499 )
At 31 December 2016 993,706 633,758 73,854 1,701,318
DEPRECIATION
At 1 January 2016 - 506,172 57,714 563,886
Charge for year - 31,445 11,293 42,738
Eliminated on disposal - (311 ) (11,498 ) (11,809 )
At 31 December 2016 - 537,306 57,509 594,815
NET BOOK VALUE
At 31 December 2016 993,706 96,452 16,345 1,106,503
At 31 December 2015 993,706 104,875 22,590 1,121,171

Included within cost of freehold property is freehold land of £993,706 (2015: £993,706) which is not
depreciated.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2016 2015
£    £   
Trade debtors 698,638 899,200
Other debtors - 95,000
Directors' current accounts 893 -
Prepayments 69,829 54,802
769,360 1,049,002

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2016 2015
£    £   
Bank loans and overdrafts 20,682 65,440
Invoice discounting 240,121 213,040
Trade creditors 400,245 611,071
Tax 35,156 57,055
Social security and other taxes 156,064 214,288
Other creditors 73,666 61,916
Accruals 15,368 15,975
Directors' current accounts 588 382
941,890 1,239,167

A & R Vehicle Services Limited (Registered number: 02318856)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2016

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2016 2015
£    £   
Bank loans - 1-2 years 21,258 20,752
Bank loans - 2-5 years 67,393 65,789
Bank loans > 5 years by instalments 282,517 305,401
371,168 391,942

Amounts falling due in more than five years:

Repayable by instalments
Bank loans > 5 years by instalments 282,517 305,401

9. SECURED DEBTS

The following secured debts are included within creditors:

2016 2015
£    £   
Bank overdraft - 45,250
Bank loans 391,850 412,132
Invoice discounting 240,121 213,040
631,971 670,422

The bank loan is secured by a fixed legal charge over the land at Darlaston Road and a floating charge
over all of the other assets of the company. Personal guarantees have also been provided by T W C
Rushworth and P H Adams, directors of the company.

The bank overdraft is secured by a standard floating charge over the current and future assets of the
company. Personal guarantees have also been provided by T W C Rushworth and P H Adams,
directors of the company.

The invoice discounting facility is secured by a fixed legal charge over the land at Darlaston Road,
plant and machinery and non-vesting debts and a floating charge over all other current asset and
future assets of the company. Personal guarantees have also been provided by T W C Rushworth, R
J Rushworth and P H Adams, directors of the company.

10. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Philip Handley FCA (Senior Statutory Auditor)
for and on behalf of HSKS Greenhalgh

11. GUARANTEES AND OTHER FINANCIAL COMMITMENTS

The company had total guarantees and commitments at the balance sheet date of £124,797 (2015 -
£271,143)

A & R Vehicle Services Limited (Registered number: 02318856)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2016

12. TRANSACTIONS WITH DIRECTORS

Amounts due to the directors at the year end are included within creditors as follows:

2016 2015
£ £
T W C Rushworth - -
P H Adams 588 382
588 382
Amounts due from the directors at the year end are included within debtors as follows:

2016 2015
£ £
T W C Rushworth 843 -
R Rushworth 50 -
893 -
Interest is being charged per the official rates of interest set out by HMRC under the Beneficial Loan
Arrangement rules.

Movements in the year are represented by dividends received less private expenses paid by the
company. The maximum balances outstanding to the company from directors during the year were:

2016 2015
£ £
T W C Rushworth 843 700
P H Adams - -
R J Rushworth 50 157

Rent was paid to T W C Rushworth and P H Adams of £110,000 (2015: £100,000) for the use of the
Darlaston Road site. As at the year end an amount of £nil (2015: £nil) was outstanding.

T W C Rushworth and P H Adams have secured the bank loan against the property at Darlaston Road,
which they own personally.

A & R Vehicle Services Limited (Registered number: 02318856)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2016

13. RELATED PARTY DISCLOSURES

Included within other debtors or creditors are amounts owed by/(to) the company to/(from) the spouses
of the directors as follows:

2016 2015
£ £
T W C Rushworth 16,013 11,113
P H Adams 10,570 9,520
R J Rushworth 15,956 11,055
42,539 31,688

Movements in the year are represented by dividends received less repayments made by the company.

During the year the company had the following transactions with Bevan Motor Bodies Limited, a
subsidiary of Bevan Group Limited, a shareholder in A & R Vehicle Services Limited:

Related Creditor Debtor
Party Relationship Purchases 2016 Sales 2016
£ £ £ £

Bevan Motor Associated £31,765 £10,268 £713,117 £194,635
Bodies Ltd company (2015: (2015: (2015: (2015:
£68,525) £36,138) £888,086) £173,010)

Bevan Specialist Associated £nil £nil £49,392 £20,226

Products Ltd

company

(2015: £nil)
(2015:
£nil)

(2015 £nil)

(2015: £nil)



During the year Mrs A J Rushworth, the wife of T W C Rushworth, a director, became entitled to a
dividend of £49,000 on 30 November 2016.


During the year Mrs J Adams, the wife of P H Adams, a director, became entitled to a dividend of
£10,500 on 30 November 2016.


During the year Mrs J Rushworth, the wife of R J Rushworth, a director, became entitled to a dividend
of £49,000 on 30 November 2016.

14. FIRST YEAR ADOPTION

The company has adopted FRS 102 Section 1A for the first time in the year ended 31 December 2016
and has restated its comparative amounts.

There have been no changes in the nature of the accounting policies during the transition from UK
GAAP to FRS 102 Section 1A.

There have been no effects on the amounts included within the financial statements during the
transition from the previous UK GAAP to FRS 102 Section 1A.