FUEL_WORLD_UK_LIMITED - Accounts

FUEL WORLD UK LIMITED - Company Information

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Company Registration No. 07747472 (England and Wales)

FUEL WORLD UK LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2014

FUEL WORLD UK LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

FUEL WORLD UK LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2014

- 1 -

2014

2013

Notes

Current assets

Stocks

57,756

Debtors

1,197

39,300

Cash at bank and in hand

13,524

1,197

110,580

Creditors: amounts falling due within one year

(395,974)

(370,549)

Total assets less current liabilities

(394,777)

(259,969)

Capital and reserves

Called up share capital

201

Profit and loss account

(394,978)

(260,170)

Shareholders' funds

(394,777)

(259,969)

For the financial year ended 31 March 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board and authorised for issue on 20 May 2014

Mr A V Hawker

Director

Company Registration No. 07747472

FUEL WORLD UK LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2014

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention.

1.2

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).

1.3

Turnover

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

1.4

Stock

Work in progress is valued at the lower of cost and net realisable value.

1.5

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

1.6

Foreign currency translation

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.

Share capital

2014

2013

Allotted, called up and fully paid

201 ordinary of £1 each

201