Abbreviated Company Accounts - PEDAL EXPRESS LTD

03286370 PEDAL EXPRESS LTD 2013-12-31 false 2013-01-01 2013-12-31 true 03286370 2013-01-01 2013-12-31 03286370 2013-12-31 03286370 2012-12-31 03286370 uk-gaap-cd-bus:Director1 2013-01-01 2013-12-31 03286370 uk-gaap-cd-bus:Director2 2013-01-01 2013-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-01-01 2013-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2012-12-31 iso4217:GBP shares

Registered Number 03286370

PEDAL EXPRESS LTD

Abbreviated Accounts

31 December 2013

PEDAL EXPRESS LTD Registered Number 03286370

Abbreviated Balance Sheet as at 31 December 2013

	Notes	2013	2012
		£	£
Called up share capital not paid		-	-
Fixed assets
Intangible assets		-	-
Tangible assets	2	31,039	36,761
Investments		-	-
		31,039	36,761
Current assets
Stocks		-	-
Debtors		39,102	46,588
Investments		-	-
Cash at bank and in hand		5,482	483
		44,584	47,071
Prepayments and accrued income		-	-
Creditors: amounts falling due within one year		(39,054)	(43,099)
Net current assets (liabilities)		5,530	3,972
Total assets less current liabilities		36,569	40,733
Creditors: amounts falling due after more than one year		(20,000)	(22,750)
Provisions for liabilities		0	0
Accruals and deferred income		0	0
Total net assets (liabilities)		16,569	17,983
Capital and reserves
Called up share capital	3	15,300	15,300
Share premium account		0	0
Revaluation reserve		0	0
Other reserves		0	0
Profit and loss account		1,269	2,683
Shareholders' funds		16,569	17,983

For the year ending 31 December 2013 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 26 September 2014

And signed on their behalf by:
Christopher J Beattie, Director

PEDAL EXPRESS LTD Registered Number 03286370

Notes to the Abbreviated Accounts for the period ended 31 December 2013

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
The turnover showed in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.

Tangible assets depreciation policy
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Plant & Machinery - 25% Reducing Balance
Motor Vehicles - 25% Reducing Balance

Other accounting policies
Hire purchase agreements

Assets held under hire purchase agreements are capitalised and disclosed under tangible fixed assets at their fair value. The capital element of the future payments is treated as a liability and the interest is charged to the profit and loss account on a straight line basis.

2Tangible fixed assets

	£
Cost
At 1 January 2013	131,920
Additions	4,625
Disposals	0
Revaluations	0
Transfers	0
At 31 December 2013	136,545
Depreciation
At 1 January 2013	95,159
Charge for the year	10,347
On disposals	0
At 31 December 2013	105,506
Net book values
At 31 December 2013	31,039
At 31 December 2012	36,761

3Called Up Share Capital
Allotted, called up and fully paid:

	2013 £	2012 £
15,300 Ordinary shares of £1 each	15,300	15,300