Company Registration No. 09839385 (England and Wales)
Eagle 4x4 Limited
Abbreviated unaudited accounts
for the period from 1 December 2015 to 31 October 2016
Eagle 4x4 Limited
Abbreviated Balance Sheet
as at
31 October 2016
Cash at bank and in hand
171,116
Creditors: amounts falling due within one year
(108,138)
Net current assets
173,743
Total assets less current liabilities
181,578
Creditors: amounts falling due after more than one year
(3,614)
Called up share capital
1
Profit and loss account
177,963
Total shareholders' funds
177,964
For the period ending 31 October 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 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 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 January 2015).
Approved by the board on 16 June 2017
M D Whitfield
Director
Company Registration No. 09839385
Eagle 4x4 Limited
Notes to the Abbreviated Accounts
for the period from 1 December 2015 to 31 October 2016
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% reducing balance
Motor vehicles
20% reducing balance
Computer equipment
25% reducing balance
Stocks and work-in-progress 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 expenditure and an appropriate proportion of fixed and variable overheads.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Charge for the year
1,824
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1