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Registered number: 08595253
Driving Wheels Limited
Abbreviated accounts
For The Year Ended 31 July 2016
A1 Accountants
50 Dunstall Avenue
Leicester
LE3 3DN
Driving Wheels Limited
Company No. 08595253
Abbreviated Balance Sheet 31 July 2016
Abbreviated Balance Sheet
2016
Notes
£
£
CURRENT ASSETS
Cash at bank and in hand
5,662
5,662
NET CURRENT ASSETS (LIABILITIES)
5,662
TOTAL ASSETS LESS CURRENT LIABILITIES
5,662
NET ASSETS
5,662
Profit and Loss Account
5,662
SHAREHOLDERS' FUNDS
5,662
For the year ending 31 July 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These abbreviated accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2015).
On behalf of the board
Mr Neville Hallam
19/08/2016
Page 1
Driving Wheels Limited
Notes to the Abbreviated Accounts
For The Year Ended 31 July 2016
Notes to the Abbreviated Accounts
Accounting Policies
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Transactions With and Loans to Directors
Dividends paid to directors
Ultimate Controlling Party
The company's ultimate controlling party is by virtue of his ownership of 100% of the issued share capital in the company.