REGISTERED NUMBER: 04932027 (England and Wales)

Financial Statements for the Year Ended 31 January 2017

for

A &T Automotive Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr A Williams

Mrs J Williams

SECRETARY:

Turner Hampton Secretaries Limited

REGISTERED OFFICE:

238 Station Road

Addlestone

Surrey

KT15 2PS

REGISTERED NUMBER:

04932027 (England and Wales)

ACCOUNTANTS:

Turner Hampton

Chartered Certified Accountants

238 Station Road

Addlestone

Surrey

KT15 2PS

FIXED ASSETS

Property, plant and equipment

4

2,514

3,353

CURRENT ASSETS

Inventories

7,250

7,250

Debtors

5

40,003

52,255

Cash at bank and in hand

2

538

47,255

60,043

CREDITORS

Amounts falling due within one year

6

(96,294

)

(58,247

)

NET CURRENT (LIABILITIES)/ASSETS

(49,039

)

1,796

TOTAL ASSETS LESS CURRENT LIABILITIES

(46,525

)

5,149

CREDITORS

Amounts falling due after more than one year

7

-

(14,241

)

NET LIABILITIES

(46,525

)

(9,092

)

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

(46,527

)

(9,094

)

SHAREHOLDERS' FUNDS

(46,525

)

(9,092

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2017 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 27 October 2017 and were signed on its behalf by:

Mr A Williams - Director

1.	STATUTORY INFORMATION

A &T Automotive Limited is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company

Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Revenue is measured at the fair value of the consideration received or receivable, excluding

discounts, rebates, value added tax and other sales taxes.

The turnover shown in the profit and loss account represents amounts invoiced during the year,

exclusive 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.

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Stocks

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

obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement,

except to the extent that it relates to items recognised in other comprehensive income or directly in

equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been

enacted or substantively enacted by the balance sheet date.

Deferred tax

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

the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods

different from those in which they are recognised in financial statements. Deferred tax is measured

using tax rates and laws that have been enacted or substantively enacted by the year end and that

are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable

that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

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

of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2016 - 7 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 February 2016

and 31 January 2017

46,137

2,750

6,789

55,676

DEPRECIATION

At 1 February 2016

44,349

2,048

5,926

52,323

Charge for year

447

176

216

839

At 31 January 2017

44,796

2,224

6,142

53,162

NET BOOK VALUE

At 31 January 2017

1,341

526

647

2,514

At 31 January 2016

1,788

702

863

3,353

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.17

31.1.16

£

£

Trade debtors

15,174

9,900

Other debtors

6,895

6,895

Directors' current accounts

-

24,638

Deferred tax asset

15,364

6,209

Prepayments

2,570

4,613

40,003

52,255

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.17

31.1.16

£

£

Bank loans and overdrafts

14,701

25,052

Trade creditors

58,930

21,373

Social security and other taxes

2,444

2,524

VAT

6,479

4,732

Other creditors

1,676

956

Directors' current accounts

7,057

-

Accrued expenses

5,007

3,610

96,294

58,247

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.1.17

31.1.16

£

£

Bank loans - 1-2 years

-

6,235

Bank loans - 2-5 years

-

8,006

-

14,241

8.	FIRST YEAR ADOPTION

This is the first year in which the financial statements have been prepared under FRS 102 (Section 1A).

Neither the opening equity, nor the profit or loss were affected as a result of the transition from UK

GAAP to FRS 102 (Section 1A).