Cycle Supreme Ltd - Limited company - abbreviated - 11.6

Cycle Supreme Ltd - Limited company - abbreviated - 11.6


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REGISTERED NUMBER: 08288108(England and Wales)












ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 JANUARY 2015

FOR

CYCLE SUPREME LTD

CYCLE SUPREME LTD (REGISTERED NUMBER: 08288108)






CONTENTS OF THE ABBREVIATED ACCOUNTS
for the Year Ended 31 January 2015




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

CYCLE SUPREME LTD

COMPANY INFORMATION
for the Year Ended 31 January 2015







DIRECTORS: S Kettlewood
L Richiardi
Mrs M Richiardi





REGISTERED OFFICE: 7-9 Bennetthorpe
Doncaster
South Yorkshire
DN2 6AA





REGISTERED NUMBER: 08288108(England and Wales)





ACCOUNTANTS: Langham Carter
1 Darwin Court Darwin Drive
Sherwood Energy Village
New Ollerton
Newark
Nottinghamshire
NG22 9FE

CYCLE SUPREME LTD (REGISTERED NUMBER: 08288108)

ABBREVIATED BALANCE SHEET
31 January 2015

31.1.14 31.1.15
£    £    Notes £    £   
FIXED ASSETS
12,794 Tangible assets 2 18,778

CURRENT ASSETS
80,529 Stocks 64,620
- Debtors 5,274
- Cash in hand 350
80,529 70,244
CREDITORS
82,141 Amounts falling due within one year 108,990
(1,612 ) NET CURRENT LIABILITIES (38,746 )

11,182
TOTAL ASSETS LESS CURRENT
LIABILITIES

(19,968
)

CAPITAL AND RESERVES
3 Called up share capital 3 3
11,179 Profit and loss account (19,971 )
11,182 SHAREHOLDERS' FUNDS (19,968 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2015 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


The financial statements were approved by the Board of Directors on 22 October 2015and were signed on its behalf by:





S Kettlewood- Director


CYCLE SUPREME LTD (REGISTERED NUMBER: 08288108)

NOTES TO THE ABBREVIATED ACCOUNTS
for the Year Ended 31 January 2015

1. ACCOUNTING POLICIES

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).

Turnover
Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow
moving items.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance
sheet date.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the
period of the lease.

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 February 2014 15,567
Additions 10,263
At 31 January 2015 25,830
DEPRECIATION
At 1 February 2014 2,773
Charge for year 4,279
At 31 January 2015 7,052
NET BOOK VALUE
At 31 January 2015 18,778
At 31 January 2014 12,794

3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.15 31.1.14
value: £    £   
3 Ordinary £1 3 3