REGISTERED NUMBER: 06536972 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 May 2016

for

A & S Autos (Staffs) Limited

Page

Abbreviated Balance Sheet

1

Notes to the Abbreviated Accounts

3

FIXED ASSETS

Tangible assets

2

7,022

7,513

CURRENT ASSETS

Stocks

306

297

Debtors

1,208

1,168

Cash at bank

12,911

4,179

14,425

5,644

CREDITORS

Amounts falling due within one year

25,377

27,839

NET CURRENT LIABILITIES

(10,952

)

(22,195

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(3,930

)

(14,682

)

CREDITORS

Amounts falling due after more than one year

(9,165

)

-

PROVISIONS FOR LIABILITIES

(1,061

)

(1,084

)

NET LIABILITIES

(14,156

)

(15,766

)

CAPITAL AND RESERVES

Called up share capital

3

1

1

Profit and loss account

(14,157

)

(15,767

)

SHAREHOLDERS' FUNDS

(14,156

)

(15,766

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 28 November 2016 and were signed by:

A R Dykes - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Revenue is recognised as the company becomes entitled to consideration for the services supplied. Therefore,

turnover also includes the element of work completed but not yet invoiced.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

15% 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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

balance sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 June 2015

16,523

Additions

748

At 31 May 2016

17,271

DEPRECIATION

At 1 June 2015

9,010

Charge for year

1,239

At 31 May 2016

10,249

NET BOOK VALUE

At 31 May 2016

7,022

At 31 May 2015

7,513

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

1

Ordinary

£1

1

1