Abbreviated Company Accounts - TOTAL CYCLING LIMITED

TOTAL CYCLING LIMITED - Company Information

Registered Number NI045372

TOTAL CYCLING LIMITED

Abbreviated Accounts

31 March 2016

TOTAL CYCLING LIMITED Registered Number NI045372

Abbreviated Balance Sheet as at 31 March 2016

	Notes	2016	2015
		£	£
Fixed assets
Intangible assets	2	90,000	99,000
Tangible assets	3	145,952	145,527
		235,952	244,527
Current assets
Stocks		436,370	526,640
Debtors		183	-
Cash at bank and in hand		28,129	39,116
		464,682	565,756
Prepayments and accrued income		-	2,599
Creditors: amounts falling due within one year		(264,632)	(348,477)
Net current assets (liabilities)		200,050	219,878
Total assets less current liabilities		436,002	464,405
Creditors: amounts falling due after more than one year		(2,070)	(2,070)
Accruals and deferred income		(600)	(600)
Total net assets (liabilities)		433,332	461,735
Capital and reserves
Called up share capital		100	100
Profit and loss account		433,232	461,635
Shareholders' funds		433,332	461,735

For the year ending 31 March 2016 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 15 July 2016

And signed on their behalf by:
Michael McLoone, Director

TOTAL CYCLING LIMITED Registered Number NI045372

Notes to the Abbreviated Accounts for the period ended 31 March 2016

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 effective April 2008.

Turnover policy
Turnover is the amount derived from the internet sales of bicycle parts falling within the
ordinary activities of the business after deduction of value added tax.

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over
their estimated useful lives.
Plant and Machinery 12.5% Reducing Balance
Fixtures and Fittings 12.5% Reducing Balance
Motor Vehicles 25.0% Straight Line

Intangible assets amortisation policy
Amortisation of goodwill has been provided at a fixed rate of £9000 over a twenty year
period.

2Intangible fixed assets

	£
Cost
At 1 April 2015	180,000
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2016	180,000
Amortisation
At 1 April 2015	81,000
Charge for the year	9,000
On disposals	-
At 31 March 2016	90,000
Net book values
At 31 March 2016	90,000
At 31 March 2015	99,000

3Tangible fixed assets

	£
Cost
At 1 April 2015	193,176
Additions	3,432
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2016	196,608
Depreciation
At 1 April 2015	47,649
Charge for the year	3,007
On disposals	-
At 31 March 2016	50,656
Net book values
At 31 March 2016	145,952
At 31 March 2015	145,527