Abbreviated Company Accounts - WHEELERS OF GOSFORTH LIMITED

Abbreviated Company Accounts - WHEELERS OF GOSFORTH LIMITED

WHEELERS OF GOSFORTH LIMITED - Company Information

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Registered Number 00333344

WHEELERS OF GOSFORTH LIMITED

Abbreviated Accounts

31 March 2016

WHEELERS OF GOSFORTH LIMITED Registered Number 00333344

Abbreviated Balance Sheet as at 31 March 2016

Notes 2016 2015
£ £
Fixed assets
Investments 2 - -
- -
Current assets
Debtors 3 332,664 332,664
332,664 332,664
Creditors: amounts falling due within one year (700) (700)
Net current assets (liabilities) 331,964 331,964
Total assets less current liabilities 331,964 331,964
Creditors: amounts falling due after more than one year (75,000) (75,000)
Total net assets (liabilities) 256,964 256,964
Capital and reserves
Called up share capital 100,000 100,000
Profit and loss account 156,964 156,964
Shareholders' funds 256,964 256,964
  • For the year ending 31 March 2016 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 15 December 2016

And signed on their behalf by:
A K Hoult, Director

WHEELERS OF GOSFORTH LIMITED Registered Number 00333344

Notes to the Abbreviated Accounts for the period ended 31 March 2016

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.

These financial statements contain information about Wheelers of Gosforth Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under section 399 of the Companies Act 2006 from the requirement to prepare consolidated financial statements as the group it heads qualifies as a small group.

Turnover policy
During the financial year to 31 March 2016 and the preceding financial year the company received no income and incurred no expenditure. Consequently, during the period the company made neither a profit nor a loss. As a consequence, no separate profit or loss account or statement of total gains and losses is presented.

2Fixed assets Investments
The company holds 100% of the ordinary share capital of Wheelers of Cramlington Limited, a company registered in England and Wales. The company is non trading.

3Debtors

Included within debtors is £332,116 owed by group undertakings (2015: £332,116).