Abbreviated Company Accounts - VELOCITY CAFE AND BICYCLE WORKSHOP LTD

Abbreviated Company Accounts - VELOCITY CAFE AND BICYCLE WORKSHOP LTD

VELOCITY CAFE AND BICYCLE WORKSHOP LTD - Company Information

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Registered Number SC414824

VELOCITY CAFE AND BICYCLE WORKSHOP LTD

Abbreviated Accounts

31 March 2014

VELOCITY CAFE AND BICYCLE WORKSHOP LTD Registered Number SC414824

Abbreviated Balance Sheet as at 31 March 2014

Notes 2014 2013
£ £
Fixed assets
Tangible assets 3 20,334 8,873
20,334 8,873
Current assets
Stocks 1,894 -
Debtors 16,855 27,411
Cash at bank and in hand 18,856 6,275
37,605 33,686
Creditors: amounts falling due within one year (33,663) (30,755)
Net current assets (liabilities) 3,942 2,931
Total assets less current liabilities 24,276 11,804
Accruals and deferred income (11,289) -
Total net assets (liabilities) 12,987 11,804
Reserves
Income and expenditure account 12,987 11,804
Members' funds 12,987 11,804
  • 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 30 September 2014

And signed on their behalf by:
Laura Nicolson, Director
Evan Beswick, Director

VELOCITY CAFE AND BICYCLE WORKSHOP LTD Registered Number SC414824

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.

2Company limited by guarantee
Company is limited by guarantee and consequently does not have share capital.

3Tangible fixed assets
£
Cost
At 1 April 2013 13,310
Additions 23,846
Disposals -
Revaluations -
Transfers -
At 31 March 2014 37,156
Depreciation
At 1 April 2013 4,437
Charge for the year 12,385
On disposals -
At 31 March 2014 16,822
Net book values
At 31 March 2014 20,334
At 31 March 2013 8,873