Abbreviated Company Accounts - FORTUNA MOTO LIMITED

FORTUNA MOTO LIMITED - Company Information

Registered Number 05993994

FORTUNA MOTO LIMITED

Abbreviated Accounts

31 March 2016

FORTUNA MOTO LIMITED Registered Number 05993994

Abbreviated Balance Sheet as at 31 March 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	5,994	2,209
		5,994	2,209
Current assets
Stocks		51,700	70,680
Debtors		12,170	11,732
Cash at bank and in hand		8,288	2,068
		72,158	84,480
Creditors: amounts falling due within one year		(59,895)	(86,167)
Net current assets (liabilities)		12,263	(1,687)
Total assets less current liabilities		18,257	522
Total net assets (liabilities)		18,257	522
Capital and reserves
Called up share capital		100	100
Profit and loss account		18,157	422
Shareholders' funds		18,257	522

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 8 December 2016

And signed on their behalf by:
Mr P Chance, Director

FORTUNA MOTO LIMITED Registered Number 05993994

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 represents net invoiced sales of goods, excluding value added tax.

Tangible assets depreciation policy
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

2Tangible fixed assets

	£
Cost
At 1 April 2015	6,787
Additions	7,775
Disposals	(4,400)
Revaluations	-
Transfers	-
At 31 March 2016	10,162
Depreciation
At 1 April 2015	4,578
Charge for the year	2,134
On disposals	(2,544)
At 31 March 2016	4,168
Net book values
At 31 March 2016	5,994
At 31 March 2015	2,209