Registered Number 04479004


Abbreviated Accounts

30 April 2015

A & B AUTOPARTS LIMITED Registered Number 04479004

Abbreviated Balance Sheet as at 30 April 2015

Notes 2015 2014
£ £
Fixed assets
Tangible assets 2 33,691 27,177
Investments 3 483,874 449,186
517,565 476,363
Current assets
Stocks 245,699 263,061
Debtors 189,254 216,836
Cash at bank and in hand 54,058 57,845
489,011 537,742
Creditors: amounts falling due within one year (248,099) (315,719)
Net current assets (liabilities) 240,912 222,023
Total assets less current liabilities 758,477 698,386
Provisions for liabilities (6,399) (5,021)
Total net assets (liabilities) 752,078 693,365
Capital and reserves
Called up share capital 4 200 200
Profit and loss account 751,878 693,165
Shareholders' funds 752,078 693,365
  • For the year ending 30 April 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
  • The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 12 January 2016

And signed on their behalf by:
A J Morgan, Director

A & B AUTOPARTS LIMITED Registered Number 04479004

Notes to the Abbreviated Accounts for the period ended 30 April 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and comply with financial reporting standards of the Accounting Standards Board.

Turnover policy
Turnover represents the total invoice value, excluding value added tax, of sales made during the year.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:
Fixtures and fittings - 15% reducing balance
Motor vans - 20% straight line

Other accounting policies
Fixed asset investments are stated at cost less provision for permanent diminution in value.

Stock is valued at the lower of cost and net realisable value.

The pension costs charged in the financial statements represent the contribution payable by the company during the year.

Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more tax.

Deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted.

Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.

Prior year adjustments
The prior year adjustments relate to investment distributions not previously included in the accounts.

2Tangible fixed assets
At 1 May 2014 84,723
Additions 17,718
Disposals (7,276)
Revaluations -
Transfers -
At 30 April 2015 95,165
At 1 May 2014 57,546
Charge for the year 10,355
On disposals (6,427)
At 30 April 2015 61,474
Net book values
At 30 April 2015 33,691
At 30 April 2014 27,177

3Fixed assets Investments
Fixed Asset Investments

Cost at 1 May 2014 449,186
Additions 83,730
Disposals (49,042)
Cost at 30 April 2015 483,874

Depreciation at 1 May 2014 nil
on disposals nil
Charge for year nil
at 30 April 2015 nil

Net Book values
At 30 April 2015 483,874
At 30 April 2014 449,186

4Called Up Share Capital
Allotted, called up and fully paid:
188 Ordinary shares of £1 each 188 188
12 A to I ordinary shares shares of £1 each 12 12