Abbreviated Company Accounts - UK GEAR LIMITED

Abbreviated Company Accounts - UK GEAR LIMITED

UK GEAR LIMITED - Company Information

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Registered Number 02881371

UK GEAR LIMITED

Abbreviated Accounts

31 May 2014

UK GEAR LIMITED Registered Number 02881371

Abbreviated Balance Sheet as at 31 May 2014

Notes 2014 2013
£ £
Called up share capital not paid - -
Fixed assets
Intangible assets 2 42,381 64,713
Tangible assets 3 5,825 21,440
48,206 86,153
Current assets
Stocks 49,330 234,908
Debtors 2,950 16,674
Cash at bank and in hand 784 2,824
53,064 254,406
Creditors: amounts falling due within one year (98,370) (127,957)
Net current assets (liabilities) (45,306) 126,449
Total assets less current liabilities 2,900 212,602
Creditors: amounts falling due after more than one year (766,379) (806,436)
Total net assets (liabilities) (763,479) (593,834)
Capital and reserves
Called up share capital 1,568 1,568
Share premium account 771,542 771,542
Other reserves 111 111
Profit and loss account (1,536,700) (1,367,055)
Shareholders' funds (763,479) (593,834)
  • For the year ending 31 May 2014 the company was entitled to exemption 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 in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 4 February 2015

And signed on their behalf by:
David Hinde, Director

UK GEAR LIMITED Registered Number 02881371

Notes to the Abbreviated Accounts for the period ended 31 May 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

2Intangible fixed assets
£
Cost
At 1 June 2013 122,674
Additions 0
Disposals 0
Revaluations 0
Transfers 0
At 31 May 2014 122,674
Amortisation
At 1 June 2013 57,961
Charge for the year 22,332
On disposals -
At 31 May 2014 80,293
Net book values
At 31 May 2014 42,381
At 31 May 2013 64,713
3Tangible fixed assets
£
Cost
At 1 June 2013 167,651
Additions 0
Disposals 0
Revaluations 0
Transfers 0
At 31 May 2014 167,651
Depreciation
At 1 June 2013 146,211
Charge for the year 15,615
On disposals 0
At 31 May 2014 161,826
Net book values
At 31 May 2014 5,825
At 31 May 2013 21,440