Wheely Groovy Ltd - Abbreviated accounts 16.3

REGISTERED NUMBER: 08821653 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 March 2016

for

WHEELY GROOVY LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

Mr D Noble

Mr D Robert

REGISTERED OFFICE:

9 Wheatley Road

Whitstable

Kent

CT5 1LS

REGISTERED NUMBER:

08821653 (England and Wales)

ACCOUNTANTS:

Michael Martin Partnership Limited

Chartered Certified Accountants

18 Canterbury Road

Whitstable

Kent

CT5 4EY

FIXED ASSETS

Tangible assets

2

3,200

4,266

CURRENT ASSETS

Debtors

792

1,323

Cash at bank and in hand

1,666

2,758

2,458

4,081

CREDITORS

Amounts falling due within one year

4,791

1,984

NET CURRENT (LIABILITIES)/ASSETS

(2,333

)

2,097

TOTAL ASSETS LESS CURRENT
LIABILITIES

867

6,363

CAPITAL AND RESERVES

Called up share capital

3

2

Profit and loss account

865

6,361

SHAREHOLDERS' FUNDS

867

6,363

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 16 December 2016 and were signed on its behalf
by:

Mr D Noble - Director

Mr D Robert - 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 January 2015).

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.

Plant and machinery etc

-

25% on reducing balance

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

and 31 March 2016

5,687

DEPRECIATION

At 1 April 2015

1,421

Charge for year

1,066

At 31 March 2016

2,487

NET BOOK VALUE

At 31 March 2016

3,200

At 31 March 2015

4,266

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.16

31.3.15

value:

£

1

Ordinary

£1

1

B Ordinary

£1

1

2