Abbreviated Company Accounts - STREET FUEL LIMITED

STREET FUEL LIMITED - Company Information

06874251 STREET FUEL LIMITED 2014-04-30 false 2013-05-01 2014-04-30 true 06874251 2013-05-01 2014-04-30 06874251 2014-04-30 06874251 2013-04-30 06874251 uk-gaap-cd-bus:Director1 2013-05-01 2014-04-30 06874251 uk-gaap-cd-bus:Director2 2013-05-01 2014-04-30 uk-gaap-cd-bus:OrdinaryShareClass1 2013-05-01 2014-04-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-04-30 uk-gaap-cd-bus:OrdinaryShareClass1 2013-04-30 iso4217:GBP shares

Registered Number 06874251

STREET FUEL LIMITED

Abbreviated Accounts

30 April 2014

STREET FUEL LIMITED Registered Number 06874251

Abbreviated Balance Sheet as at 30 April 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	225,386	33,521
		225,386	33,521
Current assets
Stocks		65,800	-
Debtors		979,748	351,225
Cash at bank and in hand		47	269
		1,045,595	351,494
Creditors: amounts falling due within one year	3	(1,160,987)	(317,556)
Net current assets (liabilities)		(115,392)	33,938
Total assets less current liabilities		109,994	67,459
Creditors: amounts falling due after more than one year	3	(80,106)	(17,595)
Total net assets (liabilities)		29,888	49,864
Capital and reserves
Called up share capital	4	2	2
Profit and loss account		29,886	49,862
Shareholders' funds		29,888	49,864

For the year ending 30 April 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 27 October 2014

And signed on their behalf by:
P A Alexander, Director

STREET FUEL LIMITED Registered Number 06874251

Notes to the Abbreviated Accounts for the period ended 30 April 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 the total invoice value, excluding value added tax, of sales made during the year and derives from the provision of goods and services falling within the company's ordinary activities.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:

Plant and machinery - 25% reducing balance

Motor vehicles - 25% reducing balance

Office
equipment - 25% reducing balance

Other accounting policies
Leasing and hire purchase commitments:

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible assets and depreciated over the shorter of the lease term and their useful lives. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce constant periodic rates of charge on the net obligations outstanding in each period.

Stock and work in progress:

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

2Tangible fixed assets

	£
Cost
At 1 May 2013	35,035
Additions	229,895
Disposals	-
Revaluations	-
Transfers	-
At 30 April 2014	264,930
Depreciation
At 1 May 2013	1,514
Charge for the year	38,030
On disposals	-
At 30 April 2014	39,544
Net book values
At 30 April 2014	225,386
At 30 April 2013	33,521

3Creditors

	2014 £	2013 £
Secured Debts	150,834	26,775

4Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
2 Ordinary shares of £1 each	2	2