Accel Autos Limited - Accounts to registrar (filleted) - small 18.1

Accel Autos Limited - Accounts to registrar (filleted) - small 18.1

ACCEL AUTOS LIMITED - Company Information

Print Friendly Version

IRIS Accounts Production v18.1.2.30 07963185 director 1.3.17 28.2.18 28.2.18 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure079631852017-02-28079631852018-02-28079631852017-03-012018-02-28079631852016-02-29079631852016-03-012017-02-28079631852017-02-2807963185ns15:EnglandWales2017-03-012018-02-2807963185ns14:PoundSterling2017-03-012018-02-2807963185ns10:Director12017-03-012018-02-2807963185ns10:PrivateLimitedCompanyLtd2017-03-012018-02-2807963185ns10:SmallEntities2017-03-012018-02-2807963185ns10:AuditExempt-NoAccountantsReport2017-03-012018-02-2807963185ns10:SmallCompaniesRegimeForDirectorsReport2017-03-012018-02-2807963185ns10:SmallCompaniesRegimeForAccounts2017-03-012018-02-2807963185ns10:FullAccounts2017-03-012018-02-2807963185ns5:CurrentFinancialInstruments2018-02-2807963185ns5:CurrentFinancialInstruments2017-02-2807963185ns5:ShareCapital2018-02-2807963185ns5:ShareCapital2017-02-2807963185ns5:RetainedEarningsAccumulatedLosses2018-02-2807963185ns5:RetainedEarningsAccumulatedLosses2017-02-2807963185ns5:CurrentFinancialInstrumentsns5:WithinOneYear2018-02-2807963185ns5:CurrentFinancialInstrumentsns5:WithinOneYear2017-02-28


REGISTERED NUMBER: 07963185 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2018

FOR

ACCEL AUTOS LIMITED
ACCEL AUTOS LIMITED (REGISTERED NUMBER: 07963185)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2018










Page

Balance Sheet 1

Notes to the Financial Statements 2


ACCEL AUTOS LIMITED (REGISTERED NUMBER: 07963185)

BALANCE SHEET
28 FEBRUARY 2018

28.2.18 28.2.17
Notes £    £   
CURRENT ASSETS
Stocks 169,366 256,572
Debtors 4 - 14,550
Cash at bank and in hand 170,693 38,560
340,059 309,682
CREDITORS
Amounts falling due within one year 5 274,122 264,332
NET CURRENT ASSETS 65,937 45,350
TOTAL ASSETS LESS CURRENT
LIABILITIES
65,937
45,350

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 65,936 45,349
SHAREHOLDERS' FUNDS 65,937 45,350

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies
Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections
394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial
statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 10 August 2018 and were signed by:





J S Anand - Director


The notes form part of these financial statements

-1-
ACCEL AUTOS LIMITED (REGISTERED NUMBER: 07963185)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2018


1. STATUTORY INFORMATION

Accel Autos Limited is a private company limited by shares and incorporated in England, registered number
07963185. Its registered office is Blackthorns House, 80-82 Dudley Road, Lye, Stourbridge, West Midlands,
DY9 8ET.

The financial statements are presented in Sterling, which is the functional currency of the company.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,
value added tax and other sales taxes.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow
moving items.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2017 - 1 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.18 28.2.17
£    £   
Trade debtors - 10,000
Other debtors - 4,550
- 14,550

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.18 28.2.17
£    £   
Taxation and social security 15,891 6,100
Other creditors 258,231 258,232
274,122 264,332

-2-