Pedal Power ( Loughborough) Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 08443968 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2016

FOR

PEDAL POWER ( LOUGHBOROUGH) LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

G COLTMAN

Mrs L Coltman

SECRETARY:

Mrs L Coltman

REGISTERED OFFICE:

47 Ashby Road

LOUGHBOROUGH

Leicestershire

LE11 3AA

REGISTERED NUMBER:

08443968 (England and Wales)

ACCOUNTANTS:

Graham Barnes FCA

19a The Nook

Anstey

Leicester

Leicestershire

LE7 7AZ

FIXED ASSETS

Tangible assets

2

6,455

7,859

CURRENT ASSETS

Stocks

395,315

381,328

Debtors

6,293

-

Cash at bank and in hand

20,041

3,869

421,649

385,197

CREDITORS

Amounts falling due within one year

409,583

386,704

NET CURRENT ASSETS/(LIABILITIES)

12,066

(1,507

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

18,521

6,352

CAPITAL AND RESERVES

Called up share capital

3

2

Profit and loss account

18,519

6,350

SHAREHOLDERS' FUNDS

18,521

6,352

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 20 December 2016 and were signed on its behalf
by:

G COLTMAN - 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business has been fully amortised in the current year.

Tangible fixed assets

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

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Deferred tax

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

sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

12,398

Additions

185

At 31 March 2016

12,583

DEPRECIATION

At 1 April 2015

4,539

Charge for year

1,589

At 31 March 2016

6,128

NET BOOK VALUE

At 31 March 2016

6,455

At 31 March 2015

7,859

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

2

Ordinary shares

£1

2