REGISTERED NUMBER: 04105213 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2017

FOR

A & R SMART CAR LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mrs S A Rickard

REGISTERED OFFICE:

Johnstone House

2a Gordon Road

West Bridgford

Nottinghamshire

NG2 5LN

REGISTERED NUMBER:

04105213 (England and Wales)

ACCOUNTANTS:

NG Accounting & Tax Limited

Johnstone House

2a Gordon Road

West Bridgford

Nottingham

NG2 5LN

FIXED ASSETS

Tangible assets

4

21,679

15,665

CURRENT ASSETS

Stocks

2,475

6,000

Debtors

5

14,418

13,140

Cash at bank

107,918

90,165

124,811

109,305

CREDITORS

Amounts falling due within one year

6

(53,285

)

(53,685

)

NET CURRENT ASSETS

71,526

55,620

TOTAL ASSETS LESS CURRENT LIABILITIES

93,205

71,285

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

93,105

71,185

93,205

71,285

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

In accordance with Section 444 of the Companies Act 2006, the Profit and loss account has not been delivered.

The financial statements were approved by the director on 14 August 2018 and were signed by:

Mrs S A Rickard - Director

1.	STATUTORY INFORMATION

A & R Smart Car 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.

First year adoption of Financial Reporting Standard 102 ( FRS 102) Section 1A

These financial statements for the year ended 30 November 2017 are the first that are prepared in accordance

with FRS 102 Section 1A. The previous financial statements were prepared in accordance with UK GAAP, the

date of transition to FRS 102 Section 1A is 1 December 2015.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts,

rebates, value added tax and other sales taxes.

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

-

25% on reducing balance

Motor vehicles

-

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.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account,

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 balance sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 December 2016

2,911

34,499

37,410

Additions

-

13,240

13,240

At 30 November 2017

2,911

47,739

50,650

DEPRECIATION

At 1 December 2016

2,350

19,395

21,745

Charge for year

140

7,086

7,226

At 30 November 2017

2,490

26,481

28,971

NET BOOK VALUE

At 30 November 2017

421

21,258

21,679

At 30 November 2016

561

15,104

15,665

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

14,418

13,140

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Hire purchase contracts

1,462

6,101

Trade creditors

827

787

Taxation and social security

50,996

45,042

Other creditors

-

1,755

53,285

53,685

7.	RELATED PARTY DISCLOSURES

During the year, total dividends of £40,435 were paid to the director .

8.	ULTIMATE CONTROLLING PARTY

The controlling party is Mrs S A Rickard.