Hot Lane Tyres Limited - Limited company - abbreviated - 11.6

Hot Lane Tyres Limited - Limited company - abbreviated - 11.6

HOT LANE TYRES LIMITED - Company Information

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REGISTERED NUMBER: 05761244 (England and Wales)











Hot Lane Tyres Limited

Abbreviated Unaudited Accounts

For The Year Ended 31 March 2015






Hot Lane Tyres Limited (Registered number: 05761244)






Contents of the Abbreviated Accounts
For The Year Ended 31 March 2015




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

Hot Lane Tyres Limited

Company Information
For The Year Ended 31 March 2015







DIRECTOR: R Cartwright





REGISTERED OFFICE: c/o Lloyd Piggott
Wellington House
39/41 Piccadilly
Manchester
Greater Manchester
M1 1LQ





REGISTERED NUMBER: 05761244 (England and Wales)





ACCOUNTANTS: Lloyd Piggott Limited
Chartered Accountants
Wellington House
39/41 Piccadilly
Manchester
M1 1LQ
Page 1
Hot Lane Tyres Limited (Registered number: 05761244)

Abbreviated Balance Sheet
31 March 2015

2015 2014
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 107,250 117,000
Tangible assets 3 18,981 22,507
126,231 139,507

CURRENT ASSETS
Stocks 28,500 30,500
Debtors 5,000 3,000
Cash at bank and in hand 254,687 177,516
288,187 211,016
CREDITORS
Amounts falling due within one year 113,564 98,261
NET CURRENT ASSETS 174,623 112,755
TOTAL ASSETS LESS CURRENT
LIABILITIES
300,854
252,262

CAPITAL AND RESERVES
Called up share capital 4 1,000 1,000
Profit and loss account 299,854 251,262
SHAREHOLDERS' FUNDS 300,854 252,262

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2015 in accordance with Section 476 of the Companies Act 2006.

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.

The notes form part of these abbreviated accounts

Page 2 continued...
Hot Lane Tyres Limited (Registered number: 05761244)

Abbreviated Balance Sheet - continued
31 March 2015


The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


The financial statements were approved by the director on 4 August 2015 and were signed by:





R Cartwright - Director


The notes form part of these abbreviated accounts

Page 3
Hot Lane Tyres Limited (Registered number: 05761244)

Notes to the Abbreviated Accounts
For The Year Ended 31 March 2015

1. ACCOUNTING POLICIES

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 April 2008).

Turnover
Turnover represents net invoiced sales of goods, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2006, is being amortised evenly over its estimated useful life of twenty years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for
obsolete and slow moving items.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at
the balance sheet date.

2. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 April 2014
and 31 March 2015 195,000
AMORTISATION
At 1 April 2014 78,000
Amortisation for year 9,750
At 31 March 2015 87,750
NET BOOK VALUE

At 31 March 2015 107,250
At 31 March 2014 117,000

Page 4 continued...
Hot Lane Tyres Limited (Registered number: 05761244)

Notes to the Abbreviated Accounts - continued
For The Year Ended 31 March 2015

3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 April 2014
and 31 March 2015 40,983
DEPRECIATION
At 1 April 2014 18,476
Charge for year 3,526
At 31 March 2015 22,002
NET BOOK VALUE
At 31 March 2015 18,981
At 31 March 2014 22,507

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2015 2014
value: £    £   
1,000 Ordinary £1 1,000 1,000

Page 5