Abbreviated Company Accounts - SMART WHEELS MANCHESTER LTD

Abbreviated Company Accounts - SMART WHEELS MANCHESTER LTD

SMART WHEELS MANCHESTER LTD - Company Information

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Registered Number 07622070

SMART WHEELS MANCHESTER LTD

Abbreviated Accounts

31 May 2016

SMART WHEELS MANCHESTER LTD Registered Number 07622070

Abbreviated Balance Sheet as at 31 May 2016

Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 8,689 10,596
8,689 10,596
Current assets
Stocks 9,017 2,511
Cash at bank and in hand 3,750 7,120
12,767 9,631
Creditors: amounts falling due within one year (18,128) (12,926)
Net current assets (liabilities) (5,361) (3,295)
Total assets less current liabilities 3,328 7,301
Total net assets (liabilities) 3,328 7,301
Capital and reserves
Called up share capital 1 1
Profit and loss account 3,327 7,300
Shareholders' funds 3,328 7,301
  • For the year ending 31 May 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 28 February 2017

And signed on their behalf by:
NADEEM IQBAL, Director

SMART WHEELS MANCHESTER LTD Registered Number 07622070

Notes to the Abbreviated Accounts for the period ended 31 May 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.

2Tangible fixed assets
£
Cost
At 1 June 2015 17,070
Additions -
Disposals -
Revaluations -
Transfers -
At 31 May 2016 17,070
Depreciation
At 1 June 2015 6,474
Charge for the year 1,907
On disposals -
At 31 May 2016 8,381
Net book values
At 31 May 2016 8,689
At 31 May 2015 10,596