A&S Motors (Gosport) Ltd

A&S Motors (Gosport) Ltd
Contents Page
For the year ended 31 May 2018

Accountants' Report
Statement of Financial Position
Notes to the Financial Statements

A&S Motors (Gosport) Ltd Accountants' Report For the year ended 31 May 2018
Accountant’s report You consider that the company is exempt from an audit for the year ended 31 May 2018 . You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year. In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us. We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts. Ray Dyer Chartered Accountants 31 May 2018 .................................................... Ray Dyer Chartered Accountants Inglenook Main Road Nutbourne PO18 8RR 23 November 2018 1

A&S Motors (Gosport) Ltd
Accountants' Report
For the year ended 31 May 2018

Accountant’s report

You consider that the company is exempt from an audit for the year ended 31 May 2018 . You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.

In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.

We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.

Ray Dyer Chartered Accountants
31 May 2018

....................................................
Ray Dyer Chartered Accountants
Inglenook
Main Road
Nutbourne
PO18 8RR
23 November 2018

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A&S Motors (Gosport) Ltd
Statement of Financial Position
As at 31 May 2018

	Notes	2018 £	2017 £
Fixed assets
Tangible fixed assets	2	145,432	150,273
		145,432	150,273
Current assets
Debtors		443,342	443,342
Cash at bank and in hand		523,091	465,488
		966,433	908,830
Creditors: amount falling due within one year		(195,771)	(196,463)
Net current assets		770,662	712,367

Total assets less current liabilities		916,094	862,640
Net assets		916,094	862,640

Capital and reserves
Called up share capital	3	2	2
Profit and loss account		916,092	862,638
Shareholders funds		916,094	862,640

For the year ended 31 May 2018 the company was entitled to exemption from audit under section 477 of the companies act 2006 relating to small companies.

Director's 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
The directors acknowledge their responsibilities for complying with the requirements of the companies act 2006 with respect to accounting records and the preparation of accounts

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 .The profit and loss account has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

Signed on behalf of the board of director

--------------------------------
A Hewett
Director

Date approved by the board: 23 November 2018

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A&S Motors (Gosport) Ltd
Notes to the Abridged Financial Statements
For the year ended 31 May 2018

General Information

A&S Motors (Gosport) Ltd is a private company, limited by shares, registered in England and Wales, registration number 02507495,registration address Bury Cross Garage,Privett Road,Gosport,Hants,PO12 3SY.

The presentation currency is £ sterling.

1.

Accounting Policies

Basis of accounting

The financial statements are prepared in accordance with the FRS 102 Financial Reporting Standard for Smaller Entities.

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Land and Buildings 2% Straight Line

2.

Tangible fixed assets

Cost or Valuation	Land and Buildings	Total
	£	£
At 01 June 2017	242,075	242,075
Additions	-	-
Disposals	-	-
At 31 May 2018	242,075	242,075
Depreciation
At 01 June 2017	91,802	91,802
Charge for year	4,841	4,841
On disposals	-	-
At 31 May 2018	96,643	96,643
Net book values
Closing balance as at 31 May 2018	145,432	145,432
Opening balance as at 01 June 2017	150,273	150,273

3.

Share Capital

Allotted	2018 £		2017 £
2 Class A shares of £1.00 each	2		2
	2		2

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