Company Registration No. 6539054 (England and Wales)
Alloys At Autosmart Ltd
Unaudited accounts
for the year ended 31 March 2020
Alloys At Autosmart Ltd
Unaudited accounts
Contents
Alloys At Autosmart Ltd
Company Information
for the year ended 31 March 2020
Directors
Mr Scott Jones
Mr Michael Jones
Secretary
Mr Michael Jones
Company Number
6539054 (England and Wales)
Registered Office
Unit 8 Callenders
Paddington Drive
Swindon
Wiltshire
SN5 7YW
United Kingdom
Alloys At Autosmart Ltd
Statement of financial position
as at
31 March 2020
Tangible assets
173,289
259,177
Inventories
18,574
17,920
Cash at bank and in hand
60,133
93,697
Creditors: amounts falling due within one year
(155,854)
(189,847)
Net current assets
14,481
22,456
Total assets less current liabilities
187,770
281,633
Creditors: amounts falling due after more than one year
(13,803)
(55,580)
Provisions for liabilities
Deferred tax
(50,661)
(50,661)
Net assets
123,306
175,392
Called up share capital
10
10
Profit and loss account
123,296
175,382
Shareholders' funds
123,306
175,392
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 16 November 2020 and were signed on its behalf by
Mr Scott Jones
Director
Company Registration No. 6539054
Alloys At Autosmart Ltd
Notes to the Accounts
for the year ended 31 March 2020
Alloys At Autosmart Ltd is a private company, limited by shares, registered in England and Wales, registration number 6539054. The registered office is Unit 8 Callenders, Paddington Drive, Swindon, Wiltshire, SN5 7YW, United Kingdom.
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
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2019
576,644
90,098
34,019
700,761
Additions
15,083
-
249
15,332
Disposals
(101,285)
(21,900)
(6,772)
(129,957)
At 31 March 2020
490,442
68,198
27,496
586,136
At 1 April 2019
370,596
45,014
25,974
441,584
Charge for the year
44,406
8,191
1,571
54,168
On disposals
(67,840)
(9,581)
(5,484)
(82,905)
At 31 March 2020
347,162
43,624
22,061
412,847
At 31 March 2020
143,280
24,574
5,435
173,289
At 31 March 2019
206,048
45,084
8,045
259,177
Finished goods
18,574
17,920
Alloys At Autosmart Ltd
Notes to the Accounts
for the year ended 31 March 2020
Trade debtors
62,577
85,480
Accrued income and prepayments
29,051
15,206
7
Creditors: amounts falling due within one year
2020
2019
Bank loans and overdrafts
-
1,458
Obligations under finance leases and hire purchase contracts
25,892
25,271
Trade creditors
52,679
86,890
Taxes and social security
62,063
70,481
Other creditors
5,692
4,247
8
Creditors: amounts falling due after more than one year
2020
2019
Other creditors
13,803
55,580
9
Average number of employees
During the year the average number of employees was 14 (2019: 14).