REGISTERED NUMBER: 02633508 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2017

FOR

ABERCONWY CAR AND VAN HIRE LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr C A Williams

Mr B D Williams

SECRETARY:

Mr C A Williams

REGISTERED OFFICE:

Maesdu Road

Llandudno

North Wales

LL30 1HP

REGISTERED NUMBER:

02633508 (England and Wales)

ACCOUNTANTS:

Williams Denton Cyf

Chartered Certified Accountants

13 Trinity Square

Llandudno

North Wales

LL30 2RB

BANKERS:

HSBC

60 Mostyn Street

Llandudno

North Wales

LL30 2SF

FIXED ASSETS

Intangible assets

4

110,000

110,000

Tangible assets

5

292,478

292,962

402,478

402,962

CURRENT ASSETS

Stocks

806,289

746,591

Debtors

194,458

94,063

Cash at bank and in hand

7,578

1,352

1,008,325

842,006

CREDITORS

Amounts falling due within one year

366,770

374,431

NET CURRENT ASSETS

641,555

467,575

TOTAL ASSETS LESS CURRENT LIABILITIES

1,044,033

870,537

CREDITORS

Amounts falling due after more than one year

545,638

477,193

NET ASSETS

498,395

393,344

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

497,395

392,344

SHAREHOLDERS' FUNDS

498,395

393,344

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2017 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 April 2017 in accordance with Section 444(2A) of the Companies Act 2006.

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 12 January 2018 and were signed on its behalf by:

Mr C A Williams - Director

Mr B D Williams - Director

1.	STATUTORY INFORMATION

Aberconwy Car and Van Hire 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.

Goodwill

Goodwill, being the amount paid in connection with acquisition of the business in 2008. It is not being amortised

but reviewed each year by the directors.

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.

Plant and machinery etc

-

25% 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.

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 7 .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 May 2016

and 30 April 2017

110,000

NET BOOK VALUE

At 30 April 2017

110,000

At 30 April 2016

110,000

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 May 2016

302,787

Additions

242

At 30 April 2017

303,029

DEPRECIATION

At 1 May 2016

9,825

Charge for year

726

At 30 April 2017

10,551

NET BOOK VALUE

At 30 April 2017

292,478

At 30 April 2016

292,962

6.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 April 2017 and

30 April 2016:

30.4.17

30.4.16

£

£

Mr C A Williams

Balance outstanding at start of year

(9,563

)

(9,782

)

Amounts advanced

101,130

53,000

Amounts repaid

(58,713

)

(52,781

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

32,854

(9,563

)

Mr B D Williams

Balance outstanding at start of year

2,982

5,932

Amounts advanced

55,644

33,000

Amounts repaid

(28,060

)

(35,950

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

30,566

2,982

7.	RELATED PARTY DISCLOSURES

During the year, total dividends of £40,000 were paid to the directors .

In the directors opinion the company is controlled by the directors by virtue of their ownership of the share

capital of the company.

8.	FIRST YEAR ADOPTION

These financial statements for the year ended 30 April 2017 are the first financial statements that comply with

FRS 102 Section 1A small entities. The date of transition is 1 May 2015.

The transition to FRS 102 Section 1A small entities has resulted in no significant changes in accounting policies

to those used previously.