Cycle Supreme Ltd - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 08288108 (England and Wales)

ABBREVIATED ACCOUNTS

FOR THE PERIOD 9 NOVEMBER 2012 TO 31 JANUARY 2014

FOR

CYCLE SUPREME LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

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

FIXED ASSETS

Tangible assets

2

12,794

CURRENT ASSETS

Stocks

80,529

CREDITORS

Amounts falling due within one year

82,141

NET CURRENT LIABILITIES

(1,612

)

TOTAL ASSETS LESS CURRENT LIABILITIES

11,182

CAPITAL AND RESERVES

Called up share capital

3

3

Profit and loss account

11,179

SHAREHOLDERS' FUNDS

11,182

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 January 2014.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 January 2014 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 4 July 2014 and were signed on its behalf by:

S Kettlewood - Director

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

Additions

15,567

At 31 January 2014

15,567

DEPRECIATION

Charge for period

2,773

At 31 January 2014

2,773

NET BOOK VALUE

At 31 January 2014

12,794

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

3

Ordinary

£1

3