Company Registration No. 03736347 (England and Wales)
WRAITH MOTORS (LONDON) LTD
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2015
WRAITH MOTORS (LONDON) LTD
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
WRAITH MOTORS (LONDON) LTD
ABBREVIATED BALANCE SHEET
AS AT
31 MARCH 2015
31 March 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
2
3,288
4,110
Current assets
Stocks
70,000
70,000
Debtors
22,807
11,566
Cash at bank and in hand
118
118
92,925
81,684
Creditors: amounts falling due within one year
(135,054)
(140,636)
Net current liabilities
(42,129)
(58,952)
Total assets less current liabilities
(38,841)
(54,842)
Capital and reserves
Called up share capital
3
2
2
Profit and loss account
(38,843)
(54,844)
Shareholders' funds
(38,841)
(54,842)
For the financial year ended 31 March 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 9 October 2015
M Nicola
Director
Company Registration No. 03736347
WRAITH MOTORS (LONDON) LTD
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2015
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
1.2
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.3
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Plant and machinery
20% reducing balance
2
Fixed assets
Tangible assets
£
Cost
At 1 April 2014 & at 31 March 2015
24,500
Depreciation
At 1 April 2014
20,390
Charge for the year
822
At 31 March 2015
21,212
Net book value
At 31 March 2015
3,288
At 31 March 2014
4,110
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
2 Ordinary £1 of £1 each
2
2
2015-03-312014-04-01truetruetruefalsetruetruetmp900E.html2015-10-30037363472014-04-012015-03-31037363472015-03-31037363472014-03-31037363472014-03-3103736347uk-bus:Director12014-04-012015-03-3103736347uk-gaap:PlantMachinery2014-04-012015-03-3103736347uk-bus:OrdinaryShareClass12014-04-012015-03-3103736347uk-bus:OrdinaryShareClass12015-03-3103736347uk-bus:OrdinaryShareClass12014-03-3103736347uk-curr:PoundSterling2014-04-012015-03-31xbrli:purexbrli:sharesiso4217:GBP
