Abbreviated Company Accounts - FASTLINE SUPERBIKES LTD

FASTLINE SUPERBIKES LTD - Company Information

06470713 FASTLINE SUPERBIKES LTD 2016-02-28 false 2015-03-01 2016-02-28 true 06470713 2015-03-01 2016-02-28 06470713 2016-02-28 06470713 2015-02-28 06470713 uk-gaap-cd-bus:Director1 2015-03-01 2016-02-28 06470713 uk-gaap-cd-bus:Director2 2015-03-01 2016-02-28 uk-gaap-cd-bus:OrdinaryShareClass1 2015-03-01 2016-02-28 uk-gaap-cd-bus:OrdinaryShareClass1 2016-02-28 uk-gaap-cd-bus:OrdinaryShareClass1 2015-02-28 iso4217:GBP shares

Registered Number 06470713

FASTLINE SUPERBIKES LTD

Abbreviated Accounts

28 February 2016

FASTLINE SUPERBIKES LTD Registered Number 06470713

Abbreviated Balance Sheet as at 28 February 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	37,447	40,785
		37,447	40,785
Current assets
Stocks		122,250	112,000
Debtors		3,704	-
Cash at bank and in hand		19,428	36,058
		145,382	148,058
Creditors: amounts falling due within one year		(120,819)	(128,434)
Net current assets (liabilities)		24,563	19,624
Total assets less current liabilities		62,010	60,409
Provisions for liabilities		(1,400)	(1,400)
Total net assets (liabilities)		60,610	59,009
Capital and reserves
Called up share capital	3	1	1
Profit and loss account		60,609	59,008
Shareholders' funds		60,610	59,009

For the year ending 28 February 2016 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 29 April 2019

And signed on their behalf by:
Gary Mitchell, Director

FASTLINE SUPERBIKES LTD Registered Number 06470713

Notes to the Abbreviated Accounts for the period ended 28 February 2016

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.

Turnover policy
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:

Plant & machinery 5% straight line
Motor vehicles 25% reducing balance
Fixtures & fittings 15% reducing balance

2Tangible fixed assets

	£
Cost
At 1 March 2015	50,450
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 28 February 2016	50,450
Depreciation
At 1 March 2015	9,665
Charge for the year	3,338
On disposals	-
At 28 February 2016	13,003
Net book values
At 28 February 2016	37,447
At 28 February 2015	40,785

3Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
1 Ordinary share of £1 each	1	1