Speedyclean Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 04471378 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 OCTOBER 2013

FOR

SPEEDYCLEAN LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

B Baker

SECRETARY:

Mrs A M Baker

REGISTERED OFFICE:

15 Chetwynd Drive

Whitestone

Nuneaton

Warwickshire

CV11 4TF

REGISTERED NUMBER:

04471378 (England and Wales)

ACCOUNTANTS:

Stewart Fletcher and Barrett

Chartered Accountants

Manor Court Chambers

126 Manor Court Road

Nuneaton

Warwickshire

CV11 5HL

FIXED ASSETS

Tangible assets

2

20,767

13,676

CURRENT ASSETS

Stocks

1,050

1,200

Debtors

1,753

1,727

Cash at bank and in hand

49,648

74,079

52,451

77,006

CREDITORS

Amounts falling due within one year

52,999

67,361

NET CURRENT (LIABILITIES)/ASSETS

(548

)

9,645

TOTAL ASSETS LESS CURRENT LIABILITIES

20,219

23,321

CAPITAL AND RESERVES

Called up share capital

3

2

2

Profit and loss account

20,217

23,319

SHAREHOLDERS' FUNDS

20,219

23,321

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2013.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 3 April 2014 and were signed by:

B Baker - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost

convention and in accordance with the Financial Reporting Standard for

Smaller Entities (effective April 2008).

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

Motor vehicles

-

25% on reducing balance

Computer equipment

-

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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have

originated but not reversed at the balance sheet date.

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 1 November 2012

62,052

Additions

17,800

Disposals

(11,963

)

At 31 October 2013

67,889

DEPRECIATION

At 1 November 2012

48,376

Charge for year

6,924

Eliminated on disposal

(8,178

)

At 31 October 2013

47,122

NET BOOK VALUE

At 31 October 2013

20,767

At 31 October 2012

13,676

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2013

2012

value:

£

£

2

Ordinary

1

2

2