The Lightning Car Company Limited
|
Registered number: |
06057054
|
Abbreviated Balance Sheet |
as at 31 January 2016
|
|
Notes |
|
|
2016 |
|
|
2015 |
£ |
£ |
Current assets |
Cash at bank and in hand |
|
|
1,398 |
|
|
8 |
|
Creditors: amounts falling due within one year |
|
|
(3,138,482) |
|
|
(2,985,681) |
|
Net current liabilities |
|
|
|
(3,137,084) |
|
|
(2,985,673) |
|
Net liabilities |
|
|
|
(3,137,084) |
|
|
(2,985,673) |
|
|
|
|
|
|
|
|
Capital and reserves |
Called up share capital |
2 |
|
|
1,000 |
|
|
1,000 |
Share premium |
|
|
|
193,575 |
|
|
193,575 |
Profit and loss account |
|
|
|
(3,331,659) |
|
|
(3,180,248) |
|
Shareholders' funds |
|
|
|
(3,137,084) |
|
|
(2,985,673) |
|
|
|
|
|
|
|
|
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
|
Members have not required the company to obtain an audit in accordance with section 476 of the Act.
|
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
|
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
|
|
|
|
I Sanderson |
Director |
Approved by the board on 20 February 2017
|
|
The Lightning Car Company Limited
|
Notes to the Abbreviated Accounts |
for the year ended 31 January 2016
|
|
1 |
Accounting policies |
|
|
Basis of preparation |
|
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 |
|
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
|
|
|
Depreciation |
|
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
|
|
Equipment |
25% straight line
|
|
|
|
2 |
Share capital |
Nominal |
|
2016 |
|
2016 |
|
2015 |
value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares
|
£0.01 each |
|
100,000 |
|
1,000 |
|
1,000 |
|
|
|
|
|
|
|
|
|