Cycle Guides Limited - Period Ending 2016-11-30

Registration number: SC337232

Cycle Guides Limited

Unaudited Abbreviated Accounts

for the Year Ended 30 November 2016
 

Deans Accountants And Business Advisors Ltd
Chartered Accountants and Business Advisors
27 North Bridge Street
Hawick
Borders
TD9 9BD

Cycle Guides Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2

Cycle Guides Limited
(Registration number: SC337232)
at 30 November 2016

		Note			2016 £			2015 £
Current assets
Debtors					40,777			34,536
Cash at bank and in hand					152			-
					40,929			34,536
Creditors: Amounts falling due within one year					(42,139)			(24,877)
Net (liabilities)/assets					(1,210)			9,659
Capital and reserves
Called up share capital		2			1			1
Profit and loss account					(1,211)			9,658
Shareholders' (deficit)/funds					(1,210)			9,659

For the year ending 30 November 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 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 .

Approved by the director on 28 August 2017

.........................................
MG Porter
Director

The notes on page 2 form an integral part of these financial statements.
Page 1

Cycle Guides Limited
Notes to the Abbreviated Accounts for the Year Ended 30 November 2016

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective January 2015).

Going concern

The Company has net liabilities of £1,210 as at 30 November 2016. The company relies on the contiuned support of the director to finance the day to day working requirements.

The director considers it appropriate to prepare the Financial Statements on a going concern basis after consideration of all the information available about the forseeable future (limited to one year from the date of approval of these financial statements) there is reasonable expectation that the company has adequate resources to remain in operational existance for the forseeable future.

If adoption of the going concern basis was inappropriate, adjustments could be required to write down assets to the assessment of their recoverable vaule, to reclassify fixed asssets as current assets and to provide for any further laibilities that may arise.

Turnover

Turnover represents amounts chargeable in respect of the sale of goods and services to customers.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

2	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
Ordinary £1 Share of £1 each		1			1			1			1

Page 2