Registered Number
:
07306893
|
For the year ended 31 May 2016
England and Wales
Unaudited Financial Statements
For the year ended 31 May 2016
CHISWICK TYRES LIMITED
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
CHISWICK TYRES LIMITED
Statement of Financial Position
2015
2016
Property
,
plant and equipment
|
10,650
12,037
2
10,650
12,037
16,000
17,500
1,025
Cash and cash equivalents
|
1,777
19,277
17,025
Trade and other payables
:
amounts falling due within one
|
year
|
(33,437)
(25,563)
3
(16,412)
(6,286)
Net current liabilities
Total assets less current liabilities
|
4,364
(4,375)
4,364
Net assets/liabilities
(4,375)
100
100
4,264
(4,475)
4,364
(4,375)
Shareholders' funds
For the year ended 31 May 2016 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
|
The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2016 in accordance with Section 476 of the Companies Act 2006
|
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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
.
|
In accordance with Section
444
of the Companies Act
2006
,
the Income Statement has not been delivered
.
|
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.
|
MR HUMAYUN ALIZADA Director
|
These financial statements were approved and authorised for issue by the Board on 06 February 2017 and were signed by:
|
The notes form part of these financial statements
|
1 of 3
For the year ended 31 May 2016
CHISWICK TYRES LIMITED
Notes to the Financial Statements
Statutory Information
CHISWICK TYRES LIMITED is a private limited company
,
limited by shares
,
domiciled in England and Wales
,
|
registration number
07306893
.
|
141-143 GREEN LANES
PALMERS GREEN
LONDON
N13 4SP
The presentation currency is £ sterling
.
|
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section
1
A 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 costs convention
|
as modified by the revaluation of certain assets
.
|
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
|
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
|
Plant and machinery
Computer equipment
Fixtures and fittings
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
|
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
|
2 of 3
For the year ended 31 May 2016
CHISWICK TYRES LIMITED
Notes to the Financial Statements Continued
2
.
Property
,
plant and equipment
|
16,983
480
756
15,747
15,747
756
480
16,983
Provision for depreciation and impairment
|
4,946
280
172
4,494
Charge for year
1,387
50
84
1,253
6,333
330
256
5,747
10,000
500
150
10,650
11,253
584
200
12,037
3
.
Trade and other payables
:
amounts falling due within one year
|
2015
2016
2,323
6,643
(1)
-
Taxation and social security
|
2,532
1,135
20,709
25,659
25,563
33,437
3 of 3