REGISTERED NUMBER:
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ABBREVIATED UNAUDITED ACCOUNTS |
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FOR THE YEAR ENDED 31 MARCH 2016 |
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FOR |
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ALLOY WHEELS DIRECT LIMITED |
REGISTERED NUMBER:
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ABBREVIATED UNAUDITED ACCOUNTS |
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FOR THE YEAR ENDED 31 MARCH 2016 |
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FOR |
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ALLOY WHEELS DIRECT LIMITED |
ALLOY WHEELS DIRECT LIMITED (REGISTERED NUMBER: 05069800) |
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CONTENTS OF THE ABBREVIATED ACCOUNTS |
for the year ended 31 March 2016 |
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Page |
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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 |
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Report of the Accountants | 6 |
ALLOY WHEELS DIRECT LIMITED |
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COMPANY INFORMATION |
for the year ended 31 March 2016 |
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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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ALLOY WHEELS DIRECT LIMITED (REGISTERED NUMBER: 05069800) |
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ABBREVIATED BALANCE SHEET |
31 March 2016 |
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31/3/16 | 31/3/15 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 2 |
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Tangible assets | 3 |
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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/(LIABILITIES) |
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( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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( |
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CREDITORS |
Amounts falling due after more than one year | 4 |
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NET LIABILITIES | ( |
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CAPITAL AND RESERVES |
Called up share capital | 5 |
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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. |
ALLOY WHEELS DIRECT LIMITED (REGISTERED NUMBER: 05069800) |
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ABBREVIATED BALANCE SHEET - continued |
31 March 2016 |
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The financial statements were approved by the director on
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ALLOY WHEELS DIRECT LIMITED (REGISTERED NUMBER: 05069800) |
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NOTES TO THE ABBREVIATED ACCOUNTS |
for the year ended 31 March 2016 |
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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 January 2015). |
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Turnover |
Turnover represents net invoiced sales of goods, excluding value added tax. |
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Tangible fixed assets |
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Plant and machinery etc | - |
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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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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet |
date. |
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Foreign currencies |
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 rate of exchange ruling at the date of transaction. |
Exchange differences are taken into account in arriving at the operating result. |
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Going concern |
The directors have a reasonable expectation that the company has adequate resources to continue in operational existence |
for the foreseeable future. They continue to believe the going concern basis of accounting is appropriate in preparing the |
annual financial statements. |
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Computer software |
The value of software acquired is presented as an intangible asset. Computer software is stated at cost less accumulated |
amortisation and any accumulated impairment losses. It is amortised over its estimated life of 7 years using the straight-line |
method. The carrying value of the software is subject to an annual impairment review. |
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2. | INTANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 April 2015 |
and 31 March 2016 |
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AMORTISATION |
At 1 April 2015 |
and 31 March 2016 |
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NET BOOK VALUE |
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At 31 March 2016 |
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At 31 March 2015 |
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ALLOY WHEELS DIRECT LIMITED (REGISTERED NUMBER: 05069800) |
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NOTES TO THE ABBREVIATED ACCOUNTS - continued |
for the year ended 31 March 2016 |
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3. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 April 2015 |
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Additions |
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Disposals | ( |
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At 31 March 2016 |
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DEPRECIATION |
At 1 April 2015 |
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Charge for year |
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Eliminated on disposal | ( |
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At 31 March 2016 |
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NET BOOK VALUE |
At 31 March 2016 |
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At 31 March 2015 |
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4. | CREDITORS |
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Creditors include the following debts falling due in more than five years: |
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31/3/16 | 31/3/15 |
£ | £ |
Repayable by instalments | 6,673 | - |
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5. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31/3/16 | 31/3/15 |
value: | £ | £ |
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Ordinary | £1 |
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ALLOY WHEELS DIRECT LIMITED |
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REPORT OF THE ACCOUNTANTS TO THE DIRECTOR OF |
ALLOY WHEELS DIRECT LIMITED |
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The following reproduces the text of the report prepared for the director in respect of the company's annual |
unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to five) have |
been prepared. |
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As described on the balance sheet you are responsible for the preparation of the financial statements for the year ended 31 March 2016 set out on pages three to nine and you consider that the company is exempt from an audit. |
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In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us. |
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31 January 2017 |