Company Registration No. 04564550 (England and Wales)
AVON CAR SALES LTD
Unaudited accounts
for the year ended 31 March 2020
AVON CAR SALES LTD
Unaudited accounts
Contents
AVON CAR SALES LTD
Company Information
for the year ended 31 March 2020
Directors
Anita Boddy
Stefan Brain
Company Number
04564550 (England and Wales)
Registered Office
10 TILEMANS PARK, TILEMANS LANE
SHIPSTON-ON-STOUR
CV36 4GX
ENGLAND
Accountants
Charterhouse Accountants
16 Eastgate Business Centre
Eastern Avenue
Burton on Trent
Staffordshire
DE13 0AT
AVON CAR SALES LTD
Statement of financial position
as at
31 March 2020
Inventories
342,390
342,390
Cash at bank and in hand
(8,893)
291,876
Creditors: amounts falling due within one year
(205,844)
(36,257)
Net current assets
127,653
598,009
Total assets less current liabilities
128,403
598,759
Creditors: amounts falling due after more than one year
(2,516)
(480,737)
Net assets
125,887
118,022
Called up share capital
2
2
Capital contribution reserve
(100,000)
-
Profit and loss account
225,885
118,020
Shareholders' funds
125,887
118,022
For the year ending 31 March 2020 the company was entitled to exemption from audit 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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 20 December 2020 and were signed on its behalf by
Stefan Brain
Director
Company Registration No. 04564550
AVON CAR SALES LTD
Notes to the Accounts
for the year ended 31 March 2020
AVON CAR SALES LTD is a private company, limited by shares, registered in England and Wales, registration number 04564550. The registered office is 10 TILEMANS PARK, TILEMANS LANE, SHIPSTON-ON-STOUR, CV36 4GX, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Plant & machinery
Cost or valuation
At cost
Finished goods
342,390
342,390
AVON CAR SALES LTD
Notes to the Accounts
for the year ended 31 March 2020
6
Creditors: amounts falling due within one year
2020
2019
Bank loans and overdrafts
31,420
650
Taxes and social security
(11,798)
-
Loans from directors
159,059
14,700
7
Creditors: amounts falling due after more than one year
2020
2019
Other creditors
-
473,942
Taxes and social security
-
6,795
8
Average number of employees
During the year the average number of employees was 2 (2019: 2).