Abbreviated Company Accounts - IAN RILEY TYRES AND EXHAUSTS LIMITED

IAN RILEY TYRES AND EXHAUSTS LIMITED - Company Information

04369214 IAN RILEY TYRES AND EXHAUSTS LIMITED 2015-02-28 false 2014-03-01 2015-02-28 true 04369214 2014-03-01 2015-02-28 04369214 2015-02-28 04369214 2014-02-28 04369214 uk-gaap-cd-bus:Director1 2014-03-01 2015-02-28 04369214 uk-gaap-cd-bus:Director2 2014-03-01 2015-02-28 uk-gaap-cd-bus:OrdinaryShareClass1 2014-03-01 2015-02-28 uk-gaap-cd-bus:OrdinaryShareClass1 2015-02-28 uk-gaap-cd-bus:OrdinaryShareClass1 2014-02-28 iso4217:GBP shares

Registered Number 04369214

IAN RILEY TYRES AND EXHAUSTS LIMITED

Abbreviated Accounts

28 February 2015

IAN RILEY TYRES AND EXHAUSTS LIMITED Registered Number 04369214

Abbreviated Balance Sheet as at 28 February 2015

	Notes	2015	2014
		£	£
Fixed assets
Intangible assets	2	208,114	208,114
Tangible assets	3	28,388	25,699
		236,502	233,813
Current assets
Stocks		7,570	7,893
Debtors		19,693	14,652
Cash at bank and in hand		19,741	16,785
		47,004	39,330
Creditors: amounts falling due within one year		(57,264)	(43,314)
Net current assets (liabilities)		(10,260)	(3,984)
Total assets less current liabilities		226,242	229,829
Creditors: amounts falling due after more than one year		-	(4,400)
Total net assets (liabilities)		226,242	225,429
Capital and reserves
Called up share capital	4	800	800
Profit and loss account		225,442	224,629
Shareholders' funds		226,242	225,429

For the year ending 28 February 2015 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 15 September 2015

And signed on their behalf by:
Mr D Woolf, Director

IAN RILEY TYRES AND EXHAUSTS LIMITED Registered Number 04369214

Notes to the Abbreviated Accounts for the period ended 28 February 2015

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 March 2014	208,114
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 28 February 2015	208,114
Amortisation
At 1 March 2014	-
Charge for the year	-
On disposals	-
At 28 February 2015	-
Net book values
At 28 February 2015	208,114
At 28 February 2014	208,114

3Tangible fixed assets

	£
Cost
At 1 March 2014	109,924
Additions	10,394
Disposals	-
Revaluations	-
Transfers	-
At 28 February 2015	120,318
Depreciation
At 1 March 2014	84,225
Charge for the year	7,705
On disposals	-
At 28 February 2015	91,930
Net book values
At 28 February 2015	28,388
At 28 February 2014	25,699

4Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
800 Ordinary shares of £1 each	800	800