Hilsea Tyres Accounts






Hilsea Tyres
	Company No. 06468722
		Abbreviated Accounts
		31 January 2015

at	31 January 2015

Company No.		06468722	Notes	2015	2014
				£	£
Fixed assets
	Intangible assets		2	30,000	30,000
	Tangible assets		2	10,848	15,008

				40,848	45,008
Current assets
	Stocks			17,125	17,775
	Debtors			9,474	8,413

	Cash at bank and in hand			29,802	30,656
				56,401	56,844
Creditors: Amounts falling due within one year				(61,212)	(76,905)
Net current liabilities				(4,811)	(20,061)
Total assets less current liabilities				36,037	24,947




Net assets				36,037	24,947

Capital and reserves
	Called up share capital		3	2	2



	Profit and loss account			36,035	24,945

Shareholder's funds				36,037	24,947

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in part 15 of the Companies Act 2006 and with the Financial Reporting Standard for Smaller Entities (effective January 2015).

For the year ended 31 January 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.
Approved by the board on 27 October 2015

And signed on its behalf by:

B. Weir
Director
27 October 2015

for the year ended 31 January 2015

1	Accounting policies

Basis of preparation

The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015) ["the FRSSE"].

Turnover

Turnover represents the amounts (excluding value added tax) derived from the provision of goods and services to customers.

Tangible fixed assets and depreciation

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

Plant and machinery

10% Straight line

Motor vehicles

10% Straight line

Furniture, fittings and equipment

10% Straight line

2	Fixed assets
		Intangible fixed assets	Tangible fixed assets	Total
		£	£	£
	Cost or revaluation
	At 1 February 2014	30,000	42,347	72,347




	At 31 January 2015	30,000	42,347	72,347
	Amortisation
	At 1 February 2014	-	27,339	27,339
	Charge for the year	-	4,160	4,160



	At 31 January 2015	-	31,499	31,499
	Net book values
	At 31 January 2015	30,000	10,848	40,848
	At 31 January 2014	30,000	15,008	45,008

3	Share Capital
		Nominal value	2015	2015	2014
		£	Number	£	£
	Allotted, called up and fully paid:
	Ordinary	1.00	2	2	2




				2	2