G Tyres Ltd - Abbreviated accounts 16.3

REGISTERED NUMBER: 07331083 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 30 September 2016

for

G Tyres Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

Mr Atiq-Ur-Rahman Khan

REGISTERED OFFICE:

170 Church Road

Mitcham

Surrey

CR4 3BW

BUSINESS ADDRESS:

Gutteridge Works

Western Avenue

Hillingdon

Middlesex

UB10 9AP

REGISTERED NUMBER:

07331083 (England and Wales)

ACCOUNTANTS:

Danmirr Consultants

Business Advisors

170 Church Road

Mitcham

Surrey

CR4 3BW

FIXED ASSETS

Tangible assets

2

5,046

6,308

Investments

3

(129,716

)

-

(124,670

)

6,308

CURRENT ASSETS

Stocks

300,000

202,433

Debtors

29,512

-

Cash at bank and in hand

5,002

40,334

334,514

242,767

CREDITORS

Amounts falling due within one year

(129,339

)

(235,854

)

NET CURRENT ASSETS

205,175

6,913

TOTAL ASSETS LESS CURRENT
LIABILITIES

80,505

13,221

CREDITORS

Amounts falling due after more than one
year

(68,637

)

(3,841

)

NET ASSETS

11,868

9,380

CAPITAL AND RESERVES

Called up share capital

4

1

Profit and loss account

11,867

9,379

SHAREHOLDERS' FUNDS

11,868

9,380

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 30 June 2017 and were signed by:

Mr Atiq-Ur-Rahman Khan - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention.

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 the cost less estimated residual value of 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.

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 October 2015

and 30 September 2016

6,308

DEPRECIATION

Charge for year

1,262

At 30 September 2016

1,262

NET BOOK VALUE

At 30 September 2016

5,046

At 30 September 2015

6,308

3.	FIXED ASSET INVESTMENTS

Loans

£

Additions

(129,716

)

At 30 September 2016

(129,716

)

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.9.16

30.9.15

value:

£

1

Ordinary Shares

1