Speed Line Flooring Ltd


14 August 2015 true false 097336372015-08-13 097336372015-08-142016-08-31 097336372016-08-31 09733637uk-bus:Director12015-08-142016-08-31 iso4217:GBP
Company Registration No. 09733637 (England and Wales)
Speed Line Flooring Ltd Abbreviated unaudited accounts for the period from 14 August 2015 to 31 August 2016
Speed Line Flooring Ltd Abbreviated Balance Sheet as at 31 August 2016
2016 
Notes
£ 
Fixed assets
Tangible assets
898 
Current assets
Cash at bank and in hand
9,668 
Creditors: amounts falling due within one year
(31,565)
Net current liabilities
(21,897)
Net liabilities
(20,999)
Capital and reserves
Share premium
100 
Profit and loss account
(21,099)
Total shareholders' funds
(20,999)
For the period ending 31 August 2016 the company was entitled to exemption from audit 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 director acknowledges his 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 and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Approved by the board on 9 March 2017
Ricardas Kuzminskis Director Company Registration No. 09733637
- 2 -
Speed Line Flooring Ltd Notes to the Abbreviated Accounts for the period from 14 August 2015 to 31 August 2016
1
Accounting policies
Basis of preparation
The accounts 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 the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
2
Tangible fixed assets
£ 
Cost
At 14 August 2015
- 
Additions
898 
At 31 August 2016
898 
Depreciation
At 31 August 2016
- 
Net book value
At 31 August 2016
898 
- 3 -