Abbreviated Company Accounts - STREET FUEL LIMITED

STREET FUEL LIMITED - Company Information

06874251 STREET FUEL LIMITED 2015-04-30 false 2014-05-01 2015-04-30 true 06874251 2014-05-01 2015-04-30 06874251 2015-04-30 06874251 2014-04-30 06874251 uk-gaap-cd-bus:Director1 2014-05-01 2015-04-30 06874251 uk-gaap-cd-bus:Director2 2014-05-01 2015-04-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-05-01 2015-04-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-04-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-04-30 iso4217:GBP shares

Registered Number 06874251

STREET FUEL LIMITED

Abbreviated Accounts

30 April 2015

STREET FUEL LIMITED Registered Number 06874251

Abbreviated Balance Sheet as at 30 April 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	334,143	225,386
		334,143	225,386
Current assets
Stocks		-	65,800
Debtors		721,937	979,748
Cash at bank and in hand		29,573	47
		751,510	1,045,595
Creditors: amounts falling due within one year	3	(761,928)	(1,160,987)
Net current assets (liabilities)		(10,418)	(115,392)
Total assets less current liabilities		323,725	109,994
Creditors: amounts falling due after more than one year	3	(142,291)	(80,106)
Total net assets (liabilities)		181,434	29,888
Capital and reserves
Called up share capital	4	2	2
Profit and loss account		181,432	29,886
Shareholders' funds		181,434	29,888

For the year ending 30 April 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 10 December 2015

And signed on their behalf by:
P A Alexander, Director

STREET FUEL LIMITED Registered Number 06874251

Notes to the Abbreviated Accounts for the period ended 30 April 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.

Turnover policy
Turnover represents the total invoice value, excluding value added tax, of sales made during the year and derives from the provision of services falling within the company's ordinary activities.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:

Plant and machinery - 25% reducing balance
Motor vehicles - 25% reducing balance

Office
equipment - 25% reducing balance

Other accounting policies
Leasing and hire purchase commitments:

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible assets and depreciated over the shorter of the lease term and their useful lives. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce constant periodic rates of charge on the net obligations outstanding in each period.

Stock:

Work in progress is valued at the lower of cost and net realisable value.

2Tangible fixed assets

	£
Cost
At 1 May 2014	264,930
Additions	220,113
Disposals	-
Revaluations	-
Transfers	-
At 30 April 2015	485,043
Depreciation
At 1 May 2014	39,544
Charge for the year	111,356
On disposals	-
At 30 April 2015	150,900
Net book values
At 30 April 2015	334,143
At 30 April 2014	225,386

3Creditors

	2015 £	2014 £
Secured Debts	235,852	150,834

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

	2015 £	2014 £
2 Ordinary shares of £1 each	2	2