Company Registration Number 05577667 (England and Wales)
CEIR CASTLE MOTORS LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2017
CEIR CASTLE MOTORS LTD
COMPANY INFORMATION
Directors
Mr Alun Williams
Mr Mark Williams
Mr Paul Lote-Williams
Company number
05577667
Registered office
61 Caerleon Road
Newport
NP19 7BW
Accountants
John P Thomas & Co Limited
61 Caerleon Road
Newport
Wales
NP19 7BW
Business address
Station Yard
Newcastle Emlyn
Ceredigion
SA38 9BX
CEIR CASTLE MOTORS LTD
REPORT TO THE DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY ACCOUNTS OF CEIR CASTLE MOTORS LTD
- 1 -
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Ceir Castle Motors Ltd for the year ended 31 January 2017 set out on pages 2 to 3 from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.
This report is made solely to the b oard of d irectors of Ceir Castle Motors Ltd, as a body, in accordance with the terms of our engagement letter dated 28 October 2015. Our work has been undertaken solely to prepare for your approval the financial statements of Ceir Castle Motors Ltd and state those matters that we have agreed to state to the b oard of d irectors of Ceir Castle Motors Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf . To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Ceir Castle Motors Ltd and its b oard of d irectors as a body, for our work or for this report.
b
oard of
d
irectors of Ceir Castle Motors Ltd, as a body, in accordance with the terms of our engagement letter dated 28 October 2015. Our work has been undertaken solely to prepare for your approval the financial statements of Ceir Castle Motors Ltd and state those matters that we have agreed to state to the
b
oard of
d
irectors of Ceir Castle Motors Ltd, as a body, in this report in accordance with
the requirements of the Association of Chartered Certified Accountants
as detailed at
http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf
. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Ceir Castle Motors Ltd and its
b
oard of
d
irectors as a body, for our work or for this report.
It is your duty to ensure that Ceir Castle Motors Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets,
liabilities, financial position and profit of Ceir Castle Motors Ltd. You consider that Ceir Castle Motors Ltd is exempt from the statutory audit
requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Ceir Castle Motors Ltd. For this reason, we have not verified the accuracy or completeness of the
accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
John P Thomas & Co Limited
31 October 2017
Accountants
61 Caerleon Road
Newport
Wales
NP19 7BW
CEIR CASTLE MOTORS LTD
PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 31 JANUARY 2017
- 2 -
2017
2016
£
£
Turnover
1,909,143
1,447,810
Other income
297
346
Cost of raw materials and consumables
(1,796,020)
(1,285,980)
Staff costs
(23,925)
(34,340)
Depreciation and other amounts written off assets
(155)
(12,492)
Other charges
(78,282)
(82,575)
Tax
(1,957)
(8,722)
Profit for the financial year
9,101
24,047
CEIR CASTLE MOTORS LTD
BALANCE SHEET
AS AT
31 JANUARY 2017
31 January 2017
- 3 -
2017
2016
£
£
£
£
Fixed assets
14,706
14,442
Current assets
200,619
227,120
Creditors: amounts falling due within one year
(129,430)
(164,768)
Net current assets
71,189
62,352
Total assets less current liabilities
85,895
76,794
Net assets
85,895
76,794
Capital and reserves
85,895
76,794
Ceir Castle Motors Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 61 Caerleon Road, Newport, NP19 7BW.
For the year ended 31 January 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
T he directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
he directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared in accordance with the micro-entity provisions and in accordance with FRS 105: The Financial Reporting Standard applicable to the Micro-entities Regime.
The financial statements were approved by the board of directors and authorised for issue on 31 October 2017 and are signed on its behalf by:
Mr Alun Williams
Director
Company Registration Number 05577667
CEIR CASTLE MOTORS LTD
SCHEDULE OF ADMINISTRATIVE EXPENSES
FOR THE YEAR ENDED 31 JANUARY 2017
2017
2016
£
£
Administrative expenses
Wages and salaries
23,925
34,340
Rates
6,799
6,866
Cleaning
295
5,800
Power, light and heat
1,529
2,349
Property repairs and maintenance
2,487
5,500
Premises insurance
7,975
7,610
Computer running costs
868
342
Motor running expenses
35,014
30,185
Travelling expenses
93
305
Professional subscriptions
331
171
Legal and professional fees
1,163
3,420
Accountancy
3,600
4,404
Bank charges
1,894
3,837
Credit card charges
2,045
2,072
Printing and stationery
679
359
Advertising
2,511
2,276
Telecommunications
7,072
5,372
Entertaining
1,288
-
Amortisation
-
10,907
Depreciation
155
1,585
99,723
127,700