A_&_D_BODYSHOP_LTD

A & D BODYSHOP LTD

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 4

A & D BODYSHOP LTD

ABBREVIATED BALANCE SHEET

AS AT

31 AUGUST 2016

- 1 -

2016

2015

Notes

£

Fixed assets

Tangible assets

2

4,331

6,466

Current assets

Debtors

785,688

638,017

Cash at bank and in hand

16,082

514

801,770

638,531

Creditors: amounts falling due within one year

(782,625)

(604,268)

Net current assets

19,145

34,263

Total assets less current liabilities

23,476

40,729

Provisions for liabilities

(72)

(337)

23,404

40,392

Capital and reserves

Called up share capital

3

2

Profit and loss account

23,402

40,390

Shareholders' funds

23,404

40,392

A & D BODYSHOP LTD

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

31 AUGUST 2016

- 2 -

For the financial year ended 31 August 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

-

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

-

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 24 May 2017

DA Farrell

Director

Company Registration No. 04435663

A & D BODYSHOP LTD

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 AUGUST 2016

- 3 -

1

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Plant and machinery

At 15% straight line

Computer equipment

At 33% straight line

Fixtures, fittings & equipment

At 15% straight line

Motor vehicles

At 25% straight line

1.5

Deferred taxation

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the Balance Sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less tax.

Deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted.

Deferred tax is measured on an undiscounted basis at the rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the Balance Sheet date.

1.6

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

A & D BODYSHOP LTD

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 AUGUST 2016

- 4 -

2

Fixed assets

Tangible assets

£

Cost

At 1 September 2015 & at 31 August 2016

33,275

Depreciation

At 1 September 2015

26,809

Charge for the year

2,135

At 31 August 2016

28,944

Net book value

At 31 August 2016

4,331

At 31 August 2015

6,466

3

Share capital

2016

2015

£

Allotted, called up and fully paid

2 £1 ordinary of £1 each

2