Abbreviated Company Accounts - SHOP ON TIME LIMITED

Abbreviated Company Accounts - SHOP ON TIME LIMITED

RECYCLEEXCHANGE LIMITED - Company Information

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Registered Number 08585852

SHOP ON TIME LIMITED

Abbreviated Accounts

31 December 2015

SHOP ON TIME LIMITED Registered Number 08585852

Abbreviated Balance Sheet as at 31 December 2015

Notes 2015 2014
£ £
Fixed assets
Tangible assets 2 1,057 1,410
1,057 1,410
Current assets
Stocks 875,147 81,495
Debtors 11,952 -
Cash at bank and in hand 30,806 5,897
917,905 87,392
Creditors: amounts falling due within one year (504,821) (23,484)
Net current assets (liabilities) 413,084 63,908
Total assets less current liabilities 414,141 65,318
Creditors: amounts falling due after more than one year (590,489) (100,382)
Total net assets (liabilities) (176,348) (35,064)
Capital and reserves
Called up share capital 100 100
Profit and loss account (176,448) (35,164)
Shareholders' funds (176,348) (35,064)
  • For the year ending 31 December 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.

Approved by the Board on 30 June 2016

And signed on their behalf by:
Mohammed Amar Aslam, Director

SHOP ON TIME LIMITED Registered Number 08585852

Notes to the Abbreviated Accounts for the period ended 31 December 2015

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.

2Tangible fixed assets
£
Cost
At 1 January 2015 2,256
Additions -
Disposals -
Revaluations -
Transfers -
At 31 December 2015 2,256
Depreciation
At 1 January 2015 846
Charge for the year 353
On disposals -
At 31 December 2015 1,199
Net book values
At 31 December 2015 1,057
At 31 December 2014 1,410