Accounts filed on 31-07-2016


ABBREVIATED ACCOUNTS


FOR THE YEAR ENDED 31/07/2016

















INDEX TO THE ACCOUNTS




Abbreviated Balance Sheet		2

Notes to the Abbreviated Accounts		3



The company's registered number is 08611344


Registered Number: 08611344

BALANCE SHEET AT 31/07/2016

			2016		2015
	Notes		£		£

FIXED ASSETS
Tangible assets	2		309		412

CURRENT ASSETS
Stock		18,460		6,093
Debtors (amounts falling due within one year)	3	17,851		8,026
		36,311		14,119
CREDITORS: Amounts falling due within one year		47,181		25,445
NET CURRENT LIABILITIES			(10,870)		(11,326)
TOTAL ASSETS LESS CURRENT LIABILITIES			(10,561)		(10,914)

CAPITAL AND RESERVES

Called up share capital	4		100		100
Profit and loss account			(10,661)		(11,014)
SHAREHOLDERS' FUNDS			(10,561)		(10,914)

For the year ending 31/07/2016 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 22/09/2017 and signed on their behalf by




Michael Day
Director

1. ACCOUNTING POLICIES




1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).




1b. Cash Flow Statement
The Company is exempt from including a statement of cash flows in its accounts in accordance with Financial Reporting Standard for Smaller Entities (effective January 2015).




1c. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Commercial Vehicles		25%




1d. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.




1e. Taxation
Corporation tax payable is provided on taxable profits at the current rates.
Provision is made for deferred taxation in so far as a liability or asset has arisen as a result of transactions that had occurred by the balance sheet date and have given rise to an obligation to pay more tax in the future, or the right to pay less tax in the future. An asset has not been recognised to the extent that the transfer of economic benefits in the future is uncertain. Deferred tax assets and liabilities recognised have not been discounted.




1f. Turnover
Turnover represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts.




3. DEBTORS	2016	2015
	£	£

Amounts falling due within one year:
Trade debtors	14,153	1,025
Other debtors	3,698	7,001
	17,851	8,026




4. SHARE CAPITAL	2016	2015
	£	£
Allotted, issued and fully paid:
100 Ordinary shares of £1 each	100	100
	100	100