| Green Park Bike Station Limited |
|
| Report to the directors on the preparation of the unaudited abbreviated accounts of Green Park Bike Station Limited for the year ended 31 December 2015 |
| In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the abbreviated accounts of Green Park Bike Station Limited for the year ended 31 December 2015 which comprise of the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us. |
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at
http://rulebook.accaglobal.com/ |
| This report is made solely to the Board of Directors of Green Park Bike Station Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Green Park Bike Station Limited and state those matters that we have agreed to state to the Board of Directors of Green Park Bike Station Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Green Park Bike Station Limited and its Board of Directors as a body for our work or for this report. |
| It is your duty to ensure that Green Park Bike Station Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Green Park Bike Station Limited. You consider that Green Park Bike Station Limited is exempt from the statutory audit requirement for the year. |
| We have not been instructed to carry out an audit or a review of the accounts of Green Park Bike Station Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the abbreviated accounts. |
|
| The Waldron Partnership Ltd |
| Chartered Certified Accountants |
| 1 Walcot Gate |
| Walcot Street |
| Bath |
| BA1 5UG |
|
| 30 September 2016 |
|
| Green Park Bike Station Limited |
| Registered number: |
07475649 |
| Abbreviated Balance Sheet |
| as at 31 December 2015 |
|
| Notes |
|
|
2015 |
|
|
2014 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
2 |
|
|
505 |
|
|
1,150 |
|
| Current assets |
| Stocks |
|
|
4,750 |
|
|
4,727 |
| Debtors |
|
|
1,655 |
|
|
2,904 |
| Cash at bank and in hand |
|
|
4,110 |
|
|
2,169 |
|
|
|
10,515 |
|
|
9,800 |
|
| Creditors: amounts falling due within one year |
|
|
(10,598) |
|
|
(9,077) |
|
| Net current (liabilities)/assets |
|
|
|
(83) |
|
|
723 |
|
| Total assets less current liabilities |
|
|
|
422 |
|
|
1,873 |
|
| Creditors: amounts falling due after more than one year |
|
|
|
- |
|
|
(144) |
|
|
|
| Net assets |
|
|
|
422 |
|
|
1,729 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
3 |
|
|
100 |
|
|
100 |
| Profit and loss account |
|
|
|
322 |
|
|
1,629 |
|
| Shareholders' funds |
|
|
|
422 |
|
|
1,729 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| Members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. |
|
|
|
| T C Jenkins |
| Director |
| Approved by the board on 30 September 2016 |
|
| Green Park Bike Station Limited |
| Notes to the Abbreviated Accounts |
| for the year ended 31 December 2015 |
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
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 |
|
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers. Turnover in relation to the sale of bikes and accessories are recognised at the point of purchase. Turnover in relation to the bike repairs is recognised when the service has been completed. |
|
|
Depreciation |
|
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
|
|
Furniture and fittings |
20% straight line |
|
Equipment |
33% straight line |
|
|
Stocks |
|
Stock is valued at the lower of cost and net realisable value. Cost are determined on a first in first out basis. Net realisable value represents estimated selling price less cost to complete and sell. Provision is made for slow moving, obsolete or damaged stock where the net realisable value is less then costs. |
|
|
| 2 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 January 2015 |
8,572 |
|
At 31 December 2015 |
8,572 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 January 2015 |
7,422 |
|
Charge for the year |
645 |
|
At 31 December 2015 |
8,067 |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 December 2015 |
505 |
|
At 31 December 2014 |
1,150 |
|
|
|
|
|
|
|
|
| 3 |
Share capital |
Nominal |
|
2015 |
|
2015 |
|
2014 |
| value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares |
£1 each |
|
100 |
|
100 |
|
100 |
|
|
|
|
|
|
|
|
|
