REGISTERED NUMBER: 06217027 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 March 2014

for

A & E Garage Equipment Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

F Epton

SECRETARY:

Mrs A Epton

REGISTERED OFFICE:

Unit 9

Monarch Works

Elswick Road

Stoke on Trent

ST4 2SH

REGISTERED NUMBER:

06217027 (England and Wales)

ACCOUNTANTS:

Warr & Co Limited

Chartered Accountants

Mynshull House

78 Churchgate

Stockport

Cheshire

SK1 1YJ

FIXED ASSETS

Tangible assets

2

2,275

5,611

CURRENT ASSETS

Stocks

46,663

82,458

Debtors

19,184

17,717

Cash in hand

-

140

65,847

100,315

CREDITORS

Amounts falling due within one year

3

228,862

215,895

NET CURRENT LIABILITIES

(163,015

)

(115,580

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(160,740

)

(109,969

)

CAPITAL AND RESERVES

Called up share capital

4

100

100

Profit and loss account

(160,840

)

(110,069

)

SHAREHOLDERS' FUNDS

(160,740

)

(109,969

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2014 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 12 May 2014 and were signed by:

F Epton - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been paid on a going concern basis on the grounds that the shareholders will

continue to provide sufficient finance to support the company.

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 April 2008).

Turnover

Turnover represents the invoiced value of services provided and goods sold, net of value added tax.

Tangible fixed assets

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

Motor vehicles

-

25% on cost

Fixtures and equipment

-

25% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the

balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at

the date of transaction. Exchange differences are taken into account in arriving at the operating result.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2013

17,580

Disposals

(9,493

)

At 31 March 2014

8,087

DEPRECIATION

At 1 April 2013

11,969

Charge for year

591

Eliminated on disposal

(6,748

)

At 31 March 2014

5,812

NET BOOK VALUE

At 31 March 2014

2,275

At 31 March 2013

5,611

3.

CREDITORS

Creditors include an amount of £ 18,618 (2013 - £ 9,489 ) for which security has been given.

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

100

Ordinary

£1

100

100