Autoplus Northampton Limited COVER
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Company No. 07934180
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Autoplus Northampton Limited CONTENTS
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Page
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Autoplus Northampton Limited COMPANY INFORMATION
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Director
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Registered Office
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Accountants
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Autoplus Northampton Limited DIRECTORS REPORT
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The Director presents his report and accounts for the year ended 29 February 2016.
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Principal activities
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Director
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The Director who served during the year was as follows:
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The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.
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Signed on behalf of the board
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M.J. Modelski
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Director
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Autoplus Northampton Limited PROFIT AND LOSS ACCOUNT
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for the year ended 29 February 2016
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Notes
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2016
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2015
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£
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£
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Turnover
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Cost of sales
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(
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(
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Gross profit
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Administrative expenses
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(
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(
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Operating profit/(loss)
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(
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Profit/(Loss) on ordinary activities before taxation
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(
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Taxation
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2
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-
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(
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Profit/(Loss) for the financial year after taxation
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(
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Autoplus Northampton Limited RECOGNISED GAINS AND LOSSES
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for the year ended 29 February 2016
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Notes
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2016
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2015
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£
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£
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Profit/(Loss) for the financial year
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(
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Total recognised gains and losses related to the year
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(
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Total recognised gains and losses since last accounts
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Autoplus Northampton Limited BALANCE SHEET
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at
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Company No.
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Notes
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2016
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2015
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£
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£
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Capital and reserves
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Profit and loss account
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3
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-
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-
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Shareholder's funds
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-
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-
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Approved by the board on 29 February 2016
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And signed on its behalf by:
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M.J. Modelski
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Director
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29 February 2016
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Autoplus Northampton Limited NOTES TO THE ACCOUNTS
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for the year ended 29 February 2016
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1
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Accounting policies
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Basis of preparation
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Turnover
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Freehold investment property
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This treatment conflicts with the requirements of the Companies Act 2006 that all properties should be depreciated. The directors consider that, because these properties are not held for consumption, but for their investment potential it is necessary to adopt the requirements of the FRSSE in order to give a true and fair view. |
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Intangible fixed assets and amortisation
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Stocks
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Deferred taxation
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Deferred tax is provided in full on timing differences which result in an obligation to pay more (or a right to pay less) tax at a future date, at the tax rates that are expected to apply when the timing differences reverse, based upon current tax rates and laws. Deferred tax is not provided on timing differences arising from the revaluation of fixed assets where there is no commitment to sell the asset. Deferred tax assets are recognised to the extent that it is regarded as more likely than not that they will be recovered. Deferred tax assets and liabilities are not discounted. |
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Research and development
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Foreign currencies
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Transactions in foreign currencies are recorded in sterling using the exchange rate ruling at the date of the transaction. Exchange differences are are taken into account in arriving at the operating profit. |
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Leased assets
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Pension costs
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2
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Taxation
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2016
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2015
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£
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£
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UK corporation tax
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Charge for prior periods
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-
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Total corporation tax
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-
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Tax on profit on ordinary activities
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-
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3
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Reserves
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Profit and loss account
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£
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Profit for the period
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Transfers
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(
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At 29 February 2016
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-
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4
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Related party disclosures
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Controlling party
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Immediate controlling party
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Autoplus Northampton Limited DETAILED PROFIT AND LOSS ACCOUNT
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for the year ended 29 February 2016
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2016
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2015
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£
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£
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Turnover
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Cost of sales
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Purchases
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78,283
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49,304
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78,283
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49,304
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Other direct costs
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Transport/carriage inwards
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-
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2,210
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Other direct costs
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-
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446
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-
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2,656
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Cost of sales
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78,283
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51,960
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Gross profit
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Other administrative costs
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Employee costs
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Salaries/wages
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26,920
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21,477
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Employer's NIC
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2,570
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355
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29,490
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21,832
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Premises costs
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Rent
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5,943
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7,642
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Rates
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855
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1,930
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Light, heat and power
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606
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500
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Premises insurances
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-
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594
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7,404
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10,666
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General administrative costs, including depreciation and amortisation
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Bank charges
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84
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-
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Equipment expensed
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2,413
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-
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Equipment leasing and hire charges
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6,029
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-
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General insurances
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1,481
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-
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Stationery and printing
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102
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5
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Telephone, fax and broadband
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89
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-
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10,198
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5
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Legal and professional costs
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Accountancy and bookkeeping
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800
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-
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Management charges
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735
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528
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Other legal and professional costs
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3,022
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-
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4,557
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528
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Administrative expenses
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51,649
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33,031
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Operating profit/(loss)
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(
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Profit/(Loss) on ordinary activities before taxation
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(
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