REGISTERED NUMBER:
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REPORT OF THE DIRECTOR AND |
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UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2016 |
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SPEEDWAY SHOPFITTERS LIMITED |
REGISTERED NUMBER:
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REPORT OF THE DIRECTOR AND |
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UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2016 |
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FOR |
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SPEEDWAY SHOPFITTERS LIMITED |
SPEEDWAY SHOPFITTERS LIMITED (REGISTERED NUMBER: 06012684) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2016 |
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Company information | 1 |
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Report of the director | 2 |
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Profit and loss account | 3 |
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Balance sheet | 4 |
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Notes to the financial statements | 6 |
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SPEEDWAY SHOPFITTERS LIMITED |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 31 MARCH 2016 |
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Director: |
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Secretary: |
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Registered office: |
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Registered number: |
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Accountants: |
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SPEEDWAY SHOPFITTERS LIMITED (REGISTERED NUMBER: 06012684) |
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REPORT OF THE DIRECTOR |
FOR THE YEAR ENDED 31 MARCH 2016 |
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The director presents her report with the financial statements of the company for the year ended 31 March 2016. |
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Director |
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Her beneficial interest in the issued share capital of the company was as follows: |
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31.3.16 | 1.4.15 |
Ordinary 1 shares | 1 | 1 |
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This report has been prepared in accordance with the provisions of Part 15 of the Companies Act |
2006 relating to small companies. |
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On behalf of the board: |
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SPEEDWAY SHOPFITTERS LIMITED (REGISTERED NUMBER: 06012684) |
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PROFIT AND LOSS ACCOUNT |
FOR THE YEAR ENDED 31 MARCH 2016 |
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PERIOD |
29/11/06 |
YEAR ENDED | TO |
31/3/16 | 31/3/15 |
Notes | £ | £ |
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Turnover |
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Cost of sales | ( |
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Gross profit |
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Administrative expenses | ( |
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Operating loss and |
Loss on ordinary activities before
taxation |
2 |
( |
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( |
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Tax on loss on ordinary activities | 3 |
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Loss for the financial year | ( |
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SPEEDWAY SHOPFITTERS LIMITED (REGISTERED NUMBER: 06012684) |
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BALANCE SHEET |
31 MARCH 2016 |
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2016 | 2015 |
Notes | £ | £ | £ | £ |
Fixed assets |
Tangible assets | 4 |
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Current assets |
Stocks |
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Debtors | 5 |
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Creditors |
Amounts falling due within one year | 6 |
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Net current liabilities | ( |
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Total assets less current liabilities | ( |
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Capital and reserves |
Called up share capital | 7 |
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Profit and loss account | 8 | ( |
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Shareholders' funds | ( |
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The director acknowledges her 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. |
SPEEDWAY SHOPFITTERS LIMITED (REGISTERED NUMBER: 06012684) |
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BALANCE SHEET - continued |
31 MARCH 2016 |
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The financial statements were approved by the director on
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SPEEDWAY SHOPFITTERS LIMITED (REGISTERED NUMBER: 06012684) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2016 |
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1. | Accounting policies |
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Accounting convention |
The financial statements have been prepared under the historical cost convention and in |
accordance with the Financial Reporting Standard for Smaller Entities (effective January |
2015). |
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Turnover |
Turnover represents net invoiced sales of goods, excluding value added tax. |
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Tangible fixed assets |
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Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance |
for obsolete and slow moving items. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not |
reversed at the balance sheet date. |
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Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to the profit and loss account on a straight |
line basis over the period of the lease. |
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2. | Operating loss |
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The operating loss is stated after charging: |
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PERIOD |
29/11/06 |
YEAR ENDED | TO |
31/3/16 | 31/3/15 |
£ | £ |
Depreciation - owned assets |
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Loss on disposal of fixed assets |
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Directors' remuneration and other benefits etc |
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SPEEDWAY SHOPFITTERS LIMITED (REGISTERED NUMBER: 06012684) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2016 |
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3. | Taxation |
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Analysis of the tax credit |
The tax credit on the loss on ordinary activities for the year was as follows: |
PERIOD |
29/11/06 |
YEAR ENDED | TO |
31/3/16 | 31/3/15 |
£ | £ |
Current tax: |
UK corporation tax |
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( |
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Tax on loss on ordinary activities |
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( |
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4. | Tangible fixed assets |
Plant and |
machinery |
etc |
£ |
Cost |
At 1 April 2015 |
and 31 March 2016 |
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Depreciation |
At 1 April 2015 |
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Charge for year |
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At 31 March 2016 |
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Net book value |
At 31 March 2016 |
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At 31 March 2015 |
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5. | Debtors: amounts falling due within one year |
2016 | 2015 |
£ | £ |
Trade debtors | - | 5,979 |
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6. | Creditors: amounts falling due within one year |
2016 | 2015 |
£ | £ |
Bank loans and overdrafts |
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Taxation and social security |
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Other creditors |
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SPEEDWAY SHOPFITTERS LIMITED (REGISTERED NUMBER: 06012684) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2016 |
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7. | Called up share capital |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2016 | 2015 |
value: | £ | £ |
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Ordinary | 1 |
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8. | Reserves |
Profit |
and loss |
account |
£ |
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At 1 April 2015 | ( |
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Deficit for the year | ( |
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At 31 March 2016 | ( |
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