Geeks-on-Wheels London Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 05260500 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30TH NOVEMBER 2013

FOR

GEEKS-ON-WHEELS LONDON LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

A C Ryder

SECRETARY:

Mrs L Ryder

REGISTERED OFFICE:

1A Kingsway

North Finchley

London

N12 0EW

REGISTERED NUMBER:

05260500 (England and Wales)

ACCOUNTANTS:

Parkers

Cornelius House

178-180 Church Road

Hove

East Sussex

BN3 2DJ

FIXED ASSETS

Tangible assets

2

507

676

CURRENT ASSETS

Stocks

650

650

Debtors

9,826

6,245

Cash at bank

20,743

20,304

31,219

27,199

CREDITORS

Amounts falling due within one year

25,107

25,650

NET CURRENT ASSETS

6,112

1,549

TOTAL ASSETS LESS CURRENT LIABILITIES

6,619

2,225

CREDITORS

Amounts falling due after more than one year

11,667

6,500

NET LIABILITIES

(5,048

)

(4,275

)

CAPITAL AND RESERVES

Called up share capital

3

10

10

Profit and loss account

(5,058

)

(4,285

)

SHAREHOLDERS' FUNDS

(5,048

)

(4,275

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th November 2013.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th November 2013 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 8th August 2014 and were signed by:

A C Ryder - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

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

Fixtures and fittings

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for

obsolete and slow moving items.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis

over the period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st December 2012

and 30th November 2013

3,479

DEPRECIATION

At 1st December 2012

2,803

Charge for year

169

At 30th November 2013

2,972

NET BOOK VALUE

At 30th November 2013

507

At 30th November 2012

676

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2013

2012

value:

£

£

10

Ordinary

£1

10

10

4.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

As at the balance sheet date the director, A C Ryder, owed the company £7,431 (2012: £2,927).