Abbreviated Company Accounts - CURRY ON WHEELS LIMITED

CURRY ON WHEELS LIMITED - Company Information

05185079 CURRY ON WHEELS LIMITED 2015-07-31 false 2014-08-01 2015-07-31 true 05185079 2014-08-01 2015-07-31 05185079 2015-07-31 05185079 2014-07-31 05185079 uk-gaap-cd-bus:Director1 2014-08-01 2015-07-31 05185079 uk-gaap-cd-bus:Director2 2014-08-01 2015-07-31 uk-gaap-cd-bus:Director3 2014-08-01 2015-07-31 uk-gaap-cd-bus:Director3 2015-07-31 uk-gaap-cd-bus:Director3 2014-07-31 uk-gaap-cd-bus:Director4 2014-08-01 2015-07-31 uk-gaap-cd-bus:Director4 2015-07-31 uk-gaap-cd-bus:Director4 2014-07-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-08-01 2015-07-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-07-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-07-31 iso4217:GBP shares

Registered Number 05185079

CURRY ON WHEELS LIMITED

Abbreviated Accounts

31 July 2015

CURRY ON WHEELS LIMITED Registered Number 05185079

Abbreviated Balance Sheet as at 31 July 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	36,432	45,183
		36,432	45,183
Current assets
Stocks		2,000	2,000
Debtors		78,963	153,039
Cash at bank and in hand		91,194	4,396
		172,157	159,435
Creditors: amounts falling due within one year	3	(106,593)	(83,500)
Net current assets (liabilities)		65,564	75,935
Total assets less current liabilities		101,996	121,118
Creditors: amounts falling due after more than one year	3	(10,672)	(17,145)
Provisions for liabilities		(6,241)	(7,761)
Total net assets (liabilities)		85,083	96,212
Capital and reserves
Called up share capital	4	2	2
Profit and loss account		85,081	96,210
Shareholders' funds		85,083	96,212

For the year ending 31 July 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 22 February 2016

And signed on their behalf by:
H Singh, Director

CURRY ON WHEELS LIMITED Registered Number 05185079

Notes to the Abbreviated Accounts for the period ended 31 July 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
Turnover comprises the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost over their expected useful lives on the following basis:-

Plant and machinery : 25% reducing balance
Motor vehicles : 25% reducing balance

Other accounting policies
Operating lease rentals
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

Finance lease and hire purchase charges
The finance element of the rental payment is charged to the profit and loss account on a method giving a constant rate of return on the balance outstanding.

Deferred taxation
Deferred taxation arises when items are charged or credited in accounts in different periods to those in which they are included in the company's tax computations.

Deferred tax is provided in full on timing differences that result in an obligation to pay more (or less) tax at a future date. Deferred tax is calculated at the rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.

Assets on finance lease and hire purchase
Assets held under finance lease or hire purchase contracts i.e. those contracts where substantially all the risks and rewards of ownership have passed to the company, are included in the appropriate category of tangible fixed assets and depreciation over the shorter of the lease term and their estimated expected useful lives.

Future obligations under such contracts are included in creditors net of the finance charge allocated to future periods.

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

2Tangible fixed assets

	£
Cost
At 1 August 2014	90,275
Additions	3,238
Disposals	-
Revaluations	-
Transfers	-
At 31 July 2015	93,513
Depreciation
At 1 August 2014	45,092
Charge for the year	11,989
On disposals	-
At 31 July 2015	57,081
Net book values
At 31 July 2015	36,432
At 31 July 2014	45,183

3Creditors

	2015 £	2014 £
Secured Debts	17,505	23,978

4Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
2 Ordinary shares of £1 each	2	2

5Transactions with directors

Name of director receiving advance or credit:	H Singh
Description of the transaction:	Loan to Directors
Balance at 1 August 2014:	£ 40,463
Advances or credits made:	£ 30,860
Advances or credits repaid:	£ 65,000
Balance at 31 July 2015:	£ 6,323

Name of director receiving advance or credit:	J K Singh
Description of the transaction:	Loan to Directors
Balance at 1 August 2014:	£ 40,463
Advances or credits made:	£ 30,861
Advances or credits repaid:	£ 65,000
Balance at 31 July 2015:	£ 6,324