REGISTERED NUMBER: 04593958 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 JUNE 2016

FOR

A & M GARAGES LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

C J Taylor

C Taylor

SECRETARY:

REGISTERED OFFICE:

Unit 1 Ema Evans Business Centre

Alloy Industrial Estate

Pontardawe

Swansea

SA8 4EN

REGISTERED NUMBER:

04593958 (England and Wales)

ACCOUNTANTS:

Harvey, Peters & Co Limited

Min Yr Afon

4 High Street

Pontardawe

Swansea

SA8 4HU

FIXED ASSETS

Tangible assets

2

11,174

14,904

CURRENT ASSETS

Stocks

6,940

5,250

Debtors

7,239

70,654

Cash at bank and in hand

6,968

13,761

21,147

89,665

CREDITORS

Amounts falling due within one year

6,533

4,657

NET CURRENT ASSETS

14,614

85,008

TOTAL ASSETS LESS CURRENT LIABILITIES

25,788

99,912

CREDITORS

Amounts falling due after more than one year

-

(85,465

)

ACCRUALS AND DEFERRED INCOME

(6,000

)

(6,000

)

NET ASSETS

19,788

8,447

CAPITAL AND RESERVES

Called up share capital

3

2

2

Profit and loss account

19,786

8,445

SHAREHOLDERS' FUNDS

19,788

8,447

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 27 March 2017 and were signed on its behalf by:

C Taylor - 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.

Tangible fixed assets

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

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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2015

and 30 June 2016

29,715

DEPRECIATION

At 1 July 2015

14,811

Charge for year

3,730

At 30 June 2016

18,541

NET BOOK VALUE

At 30 June 2016

11,174

At 30 June 2015

14,904

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.6.16

30.6.15

value:

£

£

2

Ordinary

1

2

2