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Abbreviated Unaudited Accounts |
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for the Year Ended 31st August 2016 |
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for |
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AYCLIFFE AUTO SUPPLIES LIMITED |
REGISTERED NUMBER:
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Abbreviated Unaudited Accounts |
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for the Year Ended 31st August 2016 |
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for |
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AYCLIFFE AUTO SUPPLIES LIMITED |
AYCLIFFE AUTO SUPPLIES LIMITED (REGISTERED NUMBER: 08146419) |
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Contents of the Abbreviated Accounts |
for the Year Ended 31st August 2016 |
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Page |
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Company Information | 1 |
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Abbreviated Balance Sheet | 2 |
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Notes to the Abbreviated Accounts | 4 |
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Accountants' Report | 6 |
AYCLIFFE AUTO SUPPLIES LIMITED |
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Company Information |
for the Year Ended 31st August 2016 |
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DIRECTOR: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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AYCLIFFE AUTO SUPPLIES LIMITED (REGISTERED NUMBER: 08146419) |
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Abbreviated Balance Sheet |
31st August 2016 |
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31/8/16 | 31/8/15 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 2 |
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CURRENT ASSETS |
Stocks |
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Debtors |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one year | ( |
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PROVISIONS FOR LIABILITIES | ( |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital | 3 |
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Profit and loss account |
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SHAREHOLDERS' FUNDS |
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The director acknowledges his 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. |
AYCLIFFE AUTO SUPPLIES LIMITED (REGISTERED NUMBER: 08146419) |
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Abbreviated Balance Sheet - continued |
31st August 2016 |
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The financial statements were approved by the director on
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AYCLIFFE AUTO SUPPLIES LIMITED (REGISTERED NUMBER: 08146419) |
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Notes to the Abbreviated Accounts |
for the Year Ended 31st August 2016 |
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1. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
The financial statements have been prepared under the going concern basis of accounting. |
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Accounting convention |
The financial statements have been prepared under the historical cost convention and in accordance with the |
Financial Reporting Standard for Smaller Entities (effective January 2015). |
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Turnover |
Turnover represents net invoiced sales of goods and services, excluding value added tax, except in respect of |
service contracts where turnover is recognised when the company obtains the right to consideration. |
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Tangible fixed assets |
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Improvements to property | - |
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Plant and machinery | - |
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Fixtures and fittings | - |
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Computer equipment | - |
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Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow |
moving items. |
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Deferred tax |
Deferred tax is provided on the liability method to take account of timing differences between the treatment of |
certain items for accounts purposes and their treatment for tax purposes. Tax deferred is accounted for in respect |
of all material timing differences. The company has not adopted a policy of discounting deferred tax assets and |
liabilities. |
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Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the company's pension |
scheme are charged to the profit and loss account in the period to which they relate. |
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2. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1st September 2015 |
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Additions |
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At 31st August 2016 |
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DEPRECIATION |
At 1st September 2015 |
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Charge for year |
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At 31st August 2016 |
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NET BOOK VALUE |
At 31st August 2016 |
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At 31st August 2015 |
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AYCLIFFE AUTO SUPPLIES LIMITED (REGISTERED NUMBER: 08146419) |
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Notes to the Abbreviated Accounts - continued |
for the Year Ended 31st August 2016 |
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3. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31/8/16 | 31/8/15 |
value: | £ | £ |
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Ordinary | £1 |
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Ordinary 'A' | £1 |
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101 | 100 |
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The following shares were issued during the year for cash at par : |
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4. | ULTIMATE CONTROLLING PARTY |
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The ultimate controlling party is
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Mr M W Hardy, together with his wife, own 100% of the equity share capital. |
Accountants' Report to the Director |
on the Unaudited Financial Statements of |
Aycliffe Auto Supplies Limited |
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The following reproduces the text of the report prepared for the director in respect of the company's annual |
unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to five) |
have been prepared. |
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In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the |
financial statements of Aycliffe Auto Supplies Limited for the year ended 31st August 2016 which comprise the Profit |
and Loss Account, the Balance Sheet, and the related notes from the company's accounting records and from information |
and explanations you have given us. |
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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/rulebook. |
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This report is made solely to the director of Aycliffe Auto Supplies Limited in accordance with the terms of our engagement letter dated 5th February 2016. Our work has been undertaken solely to prepare for your approval the financial statements of Aycliffe Auto Supplies Limited and state those matters that we have agreed to state to the director of Aycliffe Auto Supplies Limited in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report. |
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It is your duty to ensure that Aycliffe Auto Supplies Limited 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 Aycliffe Auto Supplies Limited. You consider that Aycliffe Auto Supplies Limited is exempt from the statutory audit requirement for the year. |
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We have not been instructed to carry out an audit or a review of the financial statements of Aycliffe Auto Supplies Limited. 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. |
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9th February 2017 |