Abbreviated Company Accounts - FORTUNA MOTO LIMITED

FORTUNA MOTO LIMITED - Company Information

Registered Number 05993994

FORTUNA MOTO LIMITED

Abbreviated Accounts

31 March 2014

FORTUNA MOTO LIMITED Registered Number 05993994

Abbreviated Balance Sheet as at 31 March 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	2,783	3,503
		2,783	3,503
Current assets
Stocks		32,200	22,000
Debtors		29,304	-
Cash at bank and in hand		381	6,561
		61,885	28,561
Creditors: amounts falling due within one year		(63,197)	(31,702)
Net current assets (liabilities)		(1,312)	(3,141)
Total assets less current liabilities		1,471	362
Total net assets (liabilities)		1,471	362
Capital and reserves
Called up share capital		100	100
Profit and loss account		1,371	262
Shareholders' funds		1,471	362

For the year ending 31 March 2014 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 2 December 2014

And signed on their behalf by:
Mr P Chance, Director

FORTUNA MOTO LIMITED Registered Number 05993994

Notes to the Abbreviated Accounts for the period ended 31 March 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible assets depreciation policy
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

2Tangible fixed assets

	£
Cost
At 1 April 2013	6,155
Additions	300
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2014	6,455
Depreciation
At 1 April 2013	2,652
Charge for the year	1,020
On disposals	-
At 31 March 2014	3,672
Net book values
At 31 March 2014	2,783
At 31 March 2013	3,503