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ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 JANUARY 2015 |
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ALLDRIVES LIMITED |
REGISTERED NUMBER:
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ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 JANUARY 2015 |
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FOR |
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ALLDRIVES LIMITED |
ALLDRIVES LIMITED (REGISTERED NUMBER: 01757092) |
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CONTENTS OF THE ABBREVIATED ACCOUNTS |
for the Year Ended 31 January 2015 |
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Company Information | 1 |
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Abbreviated Balance Sheet | 2 |
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Notes to the Abbreviated Accounts | 4 |
ALLDRIVES LIMITED |
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COMPANY INFORMATION |
for the Year Ended 31 January 2015 |
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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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ALLDRIVES LIMITED (REGISTERED NUMBER: 01757092) |
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ABBREVIATED BALANCE SHEET |
31 January 2015 |
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31.1.15 | 31.1.14 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 2 |
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CURRENT ASSETS |
Stocks |
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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 |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one
year |
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NET ASSETS |
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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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The director acknowledges his 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. |
ALLDRIVES LIMITED (REGISTERED NUMBER: 01757092) |
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ABBREVIATED BALANCE SHEET - continued |
31 January 2015 |
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The financial statements were approved by the director on
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ALLDRIVES LIMITED (REGISTERED NUMBER: 01757092) |
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NOTES TO THE ABBREVIATED ACCOUNTS |
for the Year Ended 31 January 2015 |
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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 April 2008). |
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Turnover |
Turnover represents net invoices sales of goods, excluding value added tax. Revenue is recorded after the goods |
have been provided. |
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Tangible fixed assets |
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful |
life or, if held under a finance lease, over the lease term, whichever is shorter. |
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Fixtures and fittings - 15% on reducing balance |
Motor vehicles- 25% on reducing balance |
Computer equipment - 30% on reducing balance |
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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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Hire purchase and leasing commitments |
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held |
under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases |
are depreciated over their estimated useful lives or the lease term, whichever is the shorter. |
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The interest element of these obligations is charged to the profit and loss account over the relevant period. The |
capital element of the future payments is treated as a liability. |
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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. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 February 2014 |
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Additions |
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Disposals | ( |
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At 31 January 2015 |
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DEPRECIATION |
At 1 February 2014 |
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Charge for year |
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Eliminated on disposal | ( |
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At 31 January 2015 |
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NET BOOK VALUE |
At 31 January 2015 |
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At 31 January 2014 |
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ALLDRIVES LIMITED (REGISTERED NUMBER: 01757092) |
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NOTES TO THE ABBREVIATED ACCOUNTS - continued |
for the Year Ended 31 January 2015 |
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3. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.1.15 | 31.1.14 |
value: | £ | £ |
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Ordinary | £1 |
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4. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
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The following advances and credits to a director subsisted during the years ended 31 January 2015 and |
31 January 2014: |
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31.1.15 | 31.1.14 |
£ | £ |
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Balance outstanding at start of year |
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Amounts advanced |
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Amounts repaid | ( |
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Balance outstanding at end of year |
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Of the balance of £8,211 due to the Company on 1 February 2014, the director repaid £5,697. During the year, |
advances of £17,054 were made to the director and these were repayable on demand. £9,500 of this balance was |
repaid. Interest of £327 (2014:£316) was charged at official HMRC rates. |
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5. | ULTIMATE CONTROLLING PARTY |
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The company is under the control of director and sole shareholder, J Evans |