Accounts filed on 30-06-2015


SUPERSPEED FASHION BELTS LIMITED

Company Registration Number:
01494018 (England and Wales)

Abbreviated (Unaudited) Accounts

Period of accounts

Start date: 01 July 2014

End date: 30 June 2015

SUPERSPEED FASHION BELTS LIMITED

Abbreviated Balance sheet

As at 30 June 2015


Notes

2015
£

2014
£
Fixed assets
Intangible assets: 0 0
Tangible assets: 2 1,901 2,531
Total fixed assets: 1,901 2,531
Current assets
Stocks: 8,650 12,750
Debtors: 3 19,222 12,600
Cash at bank and in hand: 38,175 13,959
Total current assets: 66,047 39,309
Creditors: amounts falling due within one year: 4 ( 28,092 ) ( 5,645 )
Net current assets (liabilities): 37,955 33,664
Total assets less current liabilities: 39,856 36,195
Creditors: amounts falling due after more than one year: 0 0
Provision for liabilities: 0 0
Total net assets (liabilities): 39,856 36,195

The notes form part of these financial statements

SUPERSPEED FASHION BELTS LIMITED

Balance sheet continued

As at 30 June 2015


Notes

2015
£

2014
£
Capital and reserves
Called up share capital: 5 12 12
Revaluation reserve: 0 0
Profit and loss account: 39,844 36,183
Shareholders funds: 39,856 36,195

For the year ending 30 June 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.

The financial statements were approved by the Board of Directors on 14 March 2016

SIGNED ON BEHALF OF THE BOARD BY:

Name: LENA JOYCE O'DEA
Status: Director

The notes form part of these financial statements

SUPERSPEED FASHION BELTS LIMITED

Notes to the Abbreviated Accounts

for the Period Ended 30 June 2015

  • 1. Accounting policies

    Basis of measurement and preparation of accounts

    THE ACCOUNTS ARE PREPARED UNDER THE HISTORICAL COST CONVENTION AND IN ACCORDANCE WITH THE PROVISIONS APPLICABLE TO COMPANIES SUBJECT TO THE SMALL COMPANIES REGIME

    Turnover policy

    TURNOVER REPRESENTS THE TOTAL INVOICE VALUE OF SALES MADE DURING THE PERIOD

    Tangible fixed 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

    Other accounting policies

    STOCK IS VALUED AT THE LOWER OF COST AND NET REALISABLE VALUE

SUPERSPEED FASHION BELTS LIMITED

Notes to the Abbreviated Accounts

for the Period Ended 30 June 2015

  • 2. Tangible assets

    Total
    Cost £
    01 July 2014: 21,168
    Additions: 0
    Disposals: 0
    Revaluations: 0
    Transfers: 0
    30 June 2015: 21,168
    Depreciation
    01 July 2014: 18,637
    Charge for year: 630
    On disposals: 0
    Other adjustments: 0
    30 June 2015: 19,267
    Net book value
    30 June 2015: 1,901
    30 June 2014: 2,531

SUPERSPEED FASHION BELTS LIMITED

Notes to the Abbreviated Accounts

for the Period Ended 30 June 2015

  • 3. Debtors


    2015
    £

    2014
    £
    Trade debtors: 19,222 12,600
    Total: 19,222 12,600

SUPERSPEED FASHION BELTS LIMITED

Notes to the Abbreviated Accounts

for the Period Ended 30 June 2015

  • 4. Creditors: amounts falling due within one year


    2015
    £

    2014
    £
    Trade creditors: 10,486 348
    Taxation and social security: 1,332 1,069
    Accruals and deferred income: 2,350 1,150
    Other creditors: 13,924 3,078
    Total: 28,092 5,645

SUPERSPEED FASHION BELTS LIMITED

Notes to the Abbreviated Accounts

for the Period Ended 30 June 2015

  • 5. Called up share capital

    Allotted, called up and paid

    Previous period
    2014
    Class Number of shares Nominal value per share (£) Total (£)
    Ordinary shares: 12 1.00 12
    Preference shares: 0
    Total share capital (£): 12
    Current period
    2015
    Class Number of shares Nominal value per share (£) Total (£)
    Ordinary shares: 12 1.00 12
    Preference shares: 0
    Total share capital (£): 12