ONE_SHOT_MOTOR_SPORT_LIMI - Accounts
ONE_SHOT_MOTOR_SPORT_LIMI - Accounts
Company Registration No. 02202045 (England and Wales)
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2015
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
ABBREVIATED BALANCE SHEET
AS AT
31 OCTOBER 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
2
-
Current assets
Debtors
Cash at bank and in hand
Creditors: amounts falling due within one year
(73,959 )
(69,704 )
Net current liabilities
(73,694 )
(66,544 )
Total assets less current liabilities
(73,694 )
(66,093 )
Capital and reserves
Called up share capital
3
Profit and loss account
(73,696 )
(66,095 )
Shareholder's funds
(73,694 )
(66,093 )
Director's responsibilities:
-
-
Approved by the Board for issue on 28 July 2016
Director
Company Registration No. 02202045
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 OCTOBER 2015
- 2 -
1
Accounting policies
1.1
Accounting convention
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
1.4
Tangible fixed assets and depreciation
Plant and machinery
Computer equipment
Motor vehicles
1.5
Deferred taxation
Deferred taxation is provided in full on timing differences which result in an obligation at the balance sheet date to pay more tax, or a right to pay less tax, at a future date, at rates expected to apply when they crystallise based on current tax rates and legislation. Timing differences arise from the inclusion of items of income and expenditure in taxation computation in periods different from those in which they are included in the accounts.
Deferred tax assets are recognised to the extent that it is regarded as more likely than not that they will be recovered. On the ground of immateriality deferred tax assets and liabilities are not discounted.
Deferred tax assets are recognised to the extent that it is regarded as more likely than not that they will be recovered. On the ground of immateriality deferred tax assets and liabilities are not discounted.
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2015
- 3 -
2
Fixed assets
Tangible assets
£
Cost
At 1 November 2014
11,141
Disposals
(9,337)
At 31 October 2015
1,804
Depreciation
At 1 November 2014
10,690
On disposals
(9,337)
Charge for the year
451
At 31 October 2015
1,804
Net book value
At 31 October 2015
-
At 31 October 2014
451
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid