Abbreviated Company Accounts - G.W. COMMERCIAL TYRES LTD.

G.W. COMMERCIAL TYRES LTD. - Company Information

02920483 G.W. COMMERCIAL TYRES LTD. 2014-03-31 false 2013-04-01 2014-03-31 true 02920483 2013-04-01 2014-03-31 02920483 2014-03-31 02920483 2013-03-31 02920483 uk-gaap-cd-bus:Director1 2013-04-01 2014-03-31 02920483 uk-gaap-cd-bus:Director2 2013-04-01 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-04-01 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-03-31 uk-gaap-cd-bus:OrdinaryShareClass2 2013-04-01 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass2 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass2 2013-03-31 uk-gaap-cd-bus:OrdinaryShareClass3 2013-04-01 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass3 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass3 2013-03-31 iso4217:GBP shares

Registered Number 02920483

G.W. COMMERCIAL TYRES LTD.

Abbreviated Accounts

31 March 2014

G.W. COMMERCIAL TYRES LTD. Registered Number 02920483

Abbreviated Balance Sheet as at 31 March 2014

	Notes	2014	2013
		£	£
Fixed assets
Intangible assets	2	14,063	14,844
Tangible assets	3	218,162	231,627
Investments	4	103,581	103,581
		335,806	350,052
Current assets
Stocks		123,879	186,910
Debtors		597,318	464,260
Cash at bank and in hand		251,528	315,347
		972,725	966,517
Creditors: amounts falling due within one year		(201,578)	(282,375)
Net current assets (liabilities)		771,147	684,142
Total assets less current liabilities		1,106,953	1,034,194
Creditors: amounts falling due after more than one year		0	(9,440)
Provisions for liabilities		(18,240)	(18,240)
Total net assets (liabilities)		1,088,713	1,006,514
Capital and reserves
Called up share capital	5	1,000	1,000
Profit and loss account		1,087,713	1,005,514
Shareholders' funds		1,088,713	1,006,514

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 26 December 2014

And signed on their behalf by:
D J Guiler, Director

G.W. COMMERCIAL TYRES LTD. Registered Number 02920483

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.

2Intangible fixed assets

	£
Cost
At 1 April 2013	15,625
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2014	15,625
Amortisation
At 1 April 2013	781
Charge for the year	781
On disposals	-
At 31 March 2014	1,562
Net book values
At 31 March 2014	14,063
At 31 March 2013	14,844

3Tangible fixed assets

	£
Cost
At 1 April 2013	350,092
Additions	22,371
Disposals	(5,000)
Revaluations	-
Transfers	-
At 31 March 2014	367,463
Depreciation
At 1 April 2013	118,465
Charge for the year	31,522
On disposals	(686)
At 31 March 2014	149,301
Net book values
At 31 March 2014	218,162
At 31 March 2013	231,627

4Fixed assets Investments
Investments other than loans £103,581 (2013 : £103581

5Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
900 A Ordinary shares of £1 each	900	900
50 B Ordinary Non Voting shares of £1 each	50	50
50 C Ordinary Non Voting shares of £1 each	50	50