Abbreviated Company Accounts - IDEAL AUTOS LTD

Abbreviated Company Accounts - IDEAL AUTOS LTD

IDEAL AUTOS LTD - Company Information

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Registered Number 07643559

IDEAL AUTOS LTD

Abbreviated Accounts

31 May 2016

IDEAL AUTOS LTD Registered Number 07643559

Abbreviated Balance Sheet as at 31 May 2016

Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 427 569
427 569
Current assets
Cash at bank and in hand 4,641 8,166
4,641 8,166
Creditors: amounts falling due within one year (2,851) (7,130)
Net current assets (liabilities) 1,790 1,036
Total assets less current liabilities 2,217 1,605
Total net assets (liabilities) 2,217 1,605
Capital and reserves
Called up share capital 2 2
Profit and loss account 2,215 1,603
Shareholders' funds 2,217 1,605
  • 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 14 February 2017

And signed on their behalf by:
Mr Abdul Quddus Kamal, Director

IDEAL AUTOS LTD Registered Number 07643559

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

1Accounting Policies

Basis of measurement and preparation of accounts
The financial statements have been prepared under the historical cost convention and in accordance with the financial reporting standard for smaller entities.

Turnover policy
The turnover shown in the profit and loss account represents revenue earning during the year.

Tangible assets depreciation policy
Depreciation is provided, after taking account of any grants receivable, at the following annual rates in order to write off each asset over its estimated useful life.

Other accounting policies
Controlling party is Mr A Quddus Kamal who is a director and 100% shareholder in the company

2Tangible fixed assets
£
Cost
At 1 June 2015 569
Additions -
Disposals -
Revaluations -
Transfers -
At 31 May 2016 569
Depreciation
At 1 June 2015 -
Charge for the year 142
On disposals -
At 31 May 2016 142
Net book values
At 31 May 2016 427
At 31 May 2015 569