FY Private Limited Company Company accounts 2017-12-21 2017-12-21 2017-03-31 false true false false false false false false false false false false true true true 2016-04-01 true xbrli:pure xbrli:shares iso4217:GBP 07202077 2016-04-01 2017-03-31 07202077 2017-03-31 07202077 2015-04-01 2016-03-31 07202077 2016-03-31 07202077 uk-bus:RegisteredOffice 2016-04-01 2017-03-31 07202077 uk-bus:Director1 2016-04-01 2017-03-31 07202077 uk-gaap:AllSubsidiaries 2016-04-01 2017-03-31 07202077 uk-lang:English 2016-04-01 2017-03-31 07202077 uk-curr:PoundSterling 2016-04-01 2017-03-31
COMPANY REGISTRATION NUMBER 07202077
A & D TYRES LIMITED
FINANCIAL STATEMENTS
31 March 2017
A & D TYRES LIMITED
DIRECTORS' REPORT
YEAR ENDED 31 MARCH 2017
The directors present their report and the unaudited financial statements of the company for the year ended 31 March 2017.
PRINCIPAL ACTIVITIES
The principal activity of the company during the year was Tyre Wholesalers and Retailers
THE DIRECTORS AND THEIR INTERESTS IN THE SHARES OF THE COMPANY
The directors who served the company during the year together with their beneficial interests in the shares of the company were as follows:
Ordinary Shares of £100 each
At 31 March 2017
At 1 April 2016
Mrs Anna Louise Hughes-Morris
100
100
Mr David Hywel Morris
100
100
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CLOSE COMPANY PROVISIONS
In the opinion of the directors, the company is a close company within the meaning of S.414 Income and Corporation Taxes Act, 1988 (as amended).
SMALL COMPANY PROVISIONS
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
Registered office: Signed on behalf of the directors
Ty Gwyn Isaf
Glanyrafon Industrial Estate
Aberystwyth
Ceredigion SY23 3HJ
Mrs Anna Hughes-Morris
Director
Approved by the directors on 21 December 2017
A & D TYRES LIMITED
PROFIT AND LOSS ACCOUNT
YEAR ENDED 31 MARCH 2017
2017
2016
£
£
Turnover
907,366
914,860
Cost of raw materials and consumables
( 649,126)
( 727,526)
Staff costs
( 87,582)
( 76,203)
Depreciation and other amounts written off assets
( 26,340)
( 27,523)
Other charges
(92,153)
(40,918)
Tax
( 10,433)
( 8,538)
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----------
PROFIT
41,732
34,152
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----------
A & D TYRES LIMITED
BALANCE SHEET
31 MARCH 2017
(continued)
2017
2016
£
£
£
Fixed assets
43,382
53,498
---------
---------
Current assets
241,721
189,040
Creditors: amounts falling due within one year
166,909
167,971
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----------
NET CURRENT ASSETS
74,812
21,069
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---------
TOTAL ASSETS LESS CURRENT LIABILITIES
118,194
74,567
Provisions for liabilities
10,433
8,538
----------
---------
107,761
66,029
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---------
Capital and reserves
107,761
66,029
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---------
For the year ended 31 March 2017 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 accounts for the year in question in accordance with section 476; and
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These financial statements have been prepared in accordance with the micro-entity provisions and with the Financial Reporting Standard for Smaller Entities (effective January 2015).
These financial statements were approved by the directors and authorised for issue on 21 December 2017 , and are signed on their behalf by:
Mrs Anna Louise Hughes-Morris Director
Company Registration Number: 07202077
A & D TYRES LIMITED
MANAGEMENT INFORMATION
YEAR ENDED 31 MARCH 2017
The following page does not form part of the financial statements.
A & D TYRES LIMITED
DETAILED PROFIT AND LOSS ACCOUNT
YEAR ENDED 31 MARCH 2017
2017
2016
£
£
TURNOVER
907,366
914,860
RAW MATERIAL AND CONSUMABLES
Opening stock - raw materials
50,000
58,500
Purchases
639,126
719,026
----------
----------
689,126
777,526
Closing stock - raw materials
40,000
50,000
----------
----------
649,126
727,526
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----------
STAFF COSTS
87,582
76,203
DEPRECIATION AND OTHER AMOUNTS WRITTEN OFF ASSETS
26,340
27,523
OTHER CHARGES
(92,153)
(40,918)
---------
---------
52,165
42,690
---------
---------
STAFF COSTS
Directors salaries
23,920
23,400
Wages and salaries
63,662
52,803
---------
---------
87,582
76,203
---------
---------
DEPRECIATION AND OTHER AMOUNTS WRITTEN OFF ASSETS
Depn of plant and machinery
5,724
3,926
Depreciation of fixtures and fittings
10,500
17,977
Depreciation of motor vehicles
10,116
5,620
---------
---------
26,340
27,523
---------
---------
OTHER CHARGES
DIRECT AND OTHER COSTS
Direct costs
10,813
3,951
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DISTRIBUTION COSTS
Advertising
4,281
–
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ESTABLISHMENT EXPENSES
Rent
20,489
9,500
Light and heat
1,175
1,331
Insurance
9,047
6,127
Repairs and maintenance (allowable)
13,210
4,217
---------
---------
43,921
21,175
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GENERAL EXPENSES
Motor expenses
8,221
3,774
Telephone
2,662
2,024
Office expenses
2,588
3,004
Sundry expenses
878
145
---------
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14,349
8,947
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FINANCIAL COSTS
Bad debts written off
5,145
–
Provision for doubtful debts
5,000
–
Bank charges
5,689
5,099
Accountancy fees
2,310
1,100
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18,144
6,199
---------
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FINANCE INCOME
Bank interest receivable
5
4
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FINANCE COSTS
Interest on other loans
650
650
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