Abbreviated Company Accounts - TOP GEAR TUNING LTD

TOP GEAR TUNING LTD - Company Information

09850556 TOP GEAR TUNING LTD 2016-10-31 false 2015-10-30 2016-10-31 true 09850556 2015-10-30 2016-10-31 09850556 2016-10-31 09850556 uk-gaap-cd-bus:Director1 2015-10-30 2016-10-31 09850556 uk-gaap-cd-bus:Director2 2015-10-30 2016-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-10-30 2016-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-10-31 uk-gaap-cd-bus:OrdinaryShareClass2 2015-10-30 2016-10-31 uk-gaap-cd-bus:OrdinaryShareClass2 2016-10-31 iso4217:GBP shares

Registered Number 09850556

TOP GEAR TUNING LTD

Abbreviated Accounts

31 October 2016

TOP GEAR TUNING LTD Registered Number 09850556

Abbreviated Balance Sheet as at 31 October 2016

	Notes	2016
		£
Current assets
Stocks		102,558
Debtors		131,022
Cash at bank and in hand		20,421
		254,001
Creditors: amounts falling due within one year		(245,578)
Net current assets (liabilities)		8,423
Total assets less current liabilities		8,423
Total net assets (liabilities)		8,423
Capital and reserves
Called up share capital	2	200
Profit and loss account		8,223
Shareholders' funds		8,423

For the year ending 31 October 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 26 July 2017

And signed on their behalf by:
Mr S D Kilcoyne, Director

TOP GEAR TUNING LTD Registered Number 09850556

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

1Accounting Policies

Basis of measurement and preparation of accounts
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover policy
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

Other accounting policies
Compliance with accounting standards:
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

2Called Up Share Capital
Allotted, called up and fully paid:

	2016 £
10,000 A Ordinary shares of £0.01 each	100
10,000 B Ordinary shares of £0.01 each	100

During the year 10,000 ordinary A shares of £0.01 each and 10,000 ordinary B shares of £0.01 were allotted and fully paid at par for cash consideration to provide additional working capital.