Registered Number 07411372
MYBIKESTATION LIMITED
Abbreviated Accounts
28 August 2015
Notes | 2015 | 2014 | |
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£ | £ | ||
Called up share capital not paid |
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Fixed assets | |||
Tangible assets | 2 |
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Current assets | |||
Debtors |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
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Net current assets (liabilities) |
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Total assets less current liabilities |
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Total net assets (liabilities) |
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Capital and reserves | |||
Called up share capital | 3 |
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Profit and loss account |
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Shareholders' funds |
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Approved by the Board on
And signed on their behalf by:
1 Accounting 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 amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.
Tangible assets depreciation policy
Tangible assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life.
Asset class Depreciation method and rate
Office equipment 25% straight line
Other tangibles 25% straight line
Other accounting policies
Foreign currency
Transactions in foreign currencies at the exchange rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated at the closing rates at the balance sheet date. All exchange differences are included in the profit and loss account.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account
£ | |
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Cost | |
At 29 August 2014 |
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Additions |
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Disposals |
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Revaluations |
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Transfers |
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At 28 August 2015 |
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Depreciation | |
At 29 August 2014 |
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Charge for the year |
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On disposals |
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At 28 August 2015 |
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Net book values | |
At 28 August 2015 | 10,917 |
At 28 August 2014 | 21,885 |
Tangible fixed assets are stated at cost less depreciation.
Depreciation is provided at rate calculated to write off the cost less estimated residual value of each asset over its expected useful life.
Office Equipment 25% straight line
Other Tangibles 25% straight line
4 Transactions with directors
Name of director receiving advance or credit: |
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Description of the transaction: |
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Balance at 29 August 2014: | £ |
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Advances or credits made: |
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Advances or credits repaid: | £ |
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Balance at 28 August 2015: | £ |