Abbreviated Company Accounts - WHOLESALE PARTS LIMITED

Abbreviated Company Accounts - WHOLESALE PARTS LIMITED

WHOLESALE PARTS LIMITED - Company Information

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Registered Number 08089814

WHOLESALE PARTS LIMITED

Abbreviated Accounts

31 May 2014

WHOLESALE PARTS LIMITED Registered Number 08089814

Abbreviated Balance Sheet as at 31 May 2014

Notes 2014 2013
£ £
Fixed assets
Tangible assets 2 4,064 1,102
4,064 1,102
Current assets
Stocks 75,769 24,321
Cash at bank and in hand 42,671 6,758
118,440 31,079
Creditors: amounts falling due within one year (83,222) (32,262)
Net current assets (liabilities) 35,218 (1,183)
Total assets less current liabilities 39,282 (81)
Total net assets (liabilities) 39,282 (81)
Capital and reserves
Called up share capital 1 1
Profit and loss account 39,281 (82)
Shareholders' funds 39,282 (81)
  • For the year ending 31 May 2014 the company was entitled to exemption 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 directors acknowledge their 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.

Approved by the Board on 2 January 2015

And signed on their behalf by:
N sumra, Director

WHOLESALE PARTS LIMITED Registered Number 08089814

Notes to the Abbreviated Accounts for the period ended 31 May 2014

1Accounting Policies

Basis of measurement and preparation of accounts
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 policy
offer to pass your client’s signed order document to an independent Notary Public

Tangible assets depreciation policy
F&F - 25% RBM

2Tangible fixed assets
£
Cost
At 1 June 2013 1,469
Additions 4,316
Disposals -
Revaluations -
Transfers -
At 31 May 2014 5,785
Depreciation
At 1 June 2013 367
Charge for the year 1,354
On disposals -
At 31 May 2014 1,721
Net book values
At 31 May 2014 4,064
At 31 May 2013 1,102