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 2015

WHOLESALE PARTS LIMITED Registered Number 08089814

Abbreviated Balance Sheet as at 31 May 2015

Notes 2015 2014
£ £
Fixed assets
Tangible assets 2 3,047 4,064
3,047 4,064
Current assets
Stocks 40,102 75,769
Cash at bank and in hand 100,004 42,671
140,106 118,440
Creditors: amounts falling due within one year (69,436) (83,222)
Net current assets (liabilities) 70,670 35,218
Total assets less current liabilities 73,717 39,282
Total net assets (liabilities) 73,717 39,282
Capital and reserves
Called up share capital 1 1
Profit and loss account 73,716 39,281
Shareholders' funds 73,717 39,282
  • For the year ending 31 May 2015 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 11 February 2016

And signed on their behalf by:
Nadeem SUMRA, Director

WHOLESALE PARTS LIMITED Registered Number 08089814

Notes to the Abbreviated Accounts for the period ended 31 May 2015

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
sales excl vat

Tangible assets depreciation policy
F&F - 25% RBM

2Tangible fixed assets
£
Cost
At 1 June 2014 5,785
Additions -
Disposals -
Revaluations -
Transfers -
At 31 May 2015 5,785
Depreciation
At 1 June 2014 1,721
Charge for the year 1,017
On disposals -
At 31 May 2015 2,738
Net book values
At 31 May 2015 3,047
At 31 May 2014 4,064