Abbreviated Company Accounts - TWELVE50 BIKES LIMITED

TWELVE50 BIKES LIMITED - Company Information

06205167 TWELVE50 BIKES LIMITED 2015-03-31 false 2014-04-01 2015-03-31 true 06205167 2014-04-01 2015-03-31 06205167 2015-03-31 06205167 2014-03-31 06205167 uk-gaap-cd-bus:Director1 2014-04-01 2015-03-31 06205167 uk-gaap-cd-bus:Director2 2014-04-01 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-04-01 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-03-31 iso4217:GBP shares

Registered Number 06205167

TWELVE50 BIKES LIMITED

Abbreviated Accounts

31 March 2015

TWELVE50 BIKES LIMITED Registered Number 06205167

Abbreviated Balance Sheet as at 31 March 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	90,310	70,627
		90,310	70,627
Current assets
Stocks		86,446	84,439
Debtors	3	5,526	14,893
Cash at bank and in hand		6,651	24,772
		98,623	124,104
Creditors: amounts falling due within one year	4	(66,365)	(52,115)
Net current assets (liabilities)		32,258	71,989
Total assets less current liabilities		122,568	142,616
Creditors: amounts falling due after more than one year	4	(5,171)	(11,372)
Total net assets (liabilities)		117,397	131,244
Capital and reserves
Called up share capital	5	100	100
Other reserves		50,167	84,935
Profit and loss account		67,130	46,209
Shareholders' funds		117,397	131,244

For the year ending 31 March 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 19 June 2015

And signed on their behalf by:
M.J. STEADMAN, Director

TWELVE50 BIKES LIMITED Registered Number 06205167

Notes to the Abbreviated Accounts for the period ended 31 March 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.

2Tangible fixed assets

	£
Cost
At 1 April 2014	93,927
Additions	26,745
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2015	120,672
Depreciation
At 1 April 2014	23,300
Charge for the year	7,062
On disposals	-
At 31 March 2015	30,362
Net book values
At 31 March 2015	90,310
At 31 March 2014	70,627

3Debtors

	2015 £	2014 £
Debtors include the following amounts due after more than one year	5,526	14,893

4Creditors

	2015 £	2014 £
Secured Debts	71,536	63,487

5Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
100 Ordinary shares of £1 each	100	100