Accel Autos Limited - Accounts to registrar - small 17.2

Accel Autos Limited - Accounts to registrar - small 17.2

ACCEL AUTOS LIMITED - Company Information

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REGISTERED NUMBER: 07963185 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2017

FOR

ACCEL AUTOS LIMITED

ACCEL AUTOS LIMITED (REGISTERED NUMBER: 07963185)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2017










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ACCEL AUTOS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2017







DIRECTOR: J S Anand





REGISTERED OFFICE: Blackthorns House
80-82 Dudley Road
Lye
Stourbridge
West Midlands
DY9 8ET





REGISTERED NUMBER: 07963185 (England and Wales)





ACCOUNTANTS: Blackthorns
Chartered Accountants
Blackthorns House
80-82 Dudley Road
Lye
Stourbridge
West Midlands
DY9 8ET
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ACCEL AUTOS LIMITED (REGISTERED NUMBER: 07963185)

BALANCE SHEET
28 FEBRUARY 2017

28.2.17 29.2.16
Notes £    £   
CURRENT ASSETS
Stocks 256,572 -
Debtors 4 14,550 10,000
Cash at bank and in hand 38,560 64,786
309,682 74,786
CREDITORS
Amounts falling due within one year 5 264,332 53,687
NET CURRENT ASSETS 45,350 21,099
TOTAL ASSETS LESS CURRENT
LIABILITIES
45,350
21,099

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 45,349 21,098
SHAREHOLDERS' FUNDS 45,350 21,099

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2017 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 13 July 2017 and were signed by:





J S Anand - Director


The notes form part of these financial statements

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ACCEL AUTOS LIMITED (REGISTERED NUMBER: 07963185)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2017


1. STATUTORY INFORMATION

Accel Autos Limited is a private company limited by shares and incorporated in England, registered number
07963185. Its registered office is Blackthorns House, 80-82 Dudley Road, Lye, Stourbridge, West Midlands,
DY9 8ET.

The financial statements are presented in Sterling, which is the functional currency of the company.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,
value added tax and other sales taxes.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow
moving items.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.17 29.2.16
£    £   
Trade debtors 10,000 10,000
Other debtors 4,550 -
14,550 10,000

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.17 29.2.16
£    £   
Taxation and social security 6,100 7,116
Other creditors 258,232 46,571
264,332 53,687

Included within other creditors is an amount of £256,981 (2015 £45,571) relating to the director's loan account.

6. ULTIMATE CONTROLLING PARTY

During the year the company was under the control of J S Anand who owned 100% of the issued share capital.

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