Registered Number 06974840

AAA TYRES LTD

Abbreviated Accounts

30 November 2012

AAA TYRES LTD Registered Number 06974840

Abbreviated Balance Sheet as at 30 November 2012

Notes 2012 2011
£ £
Called up share capital not paid - -
Fixed assets
Tangible assets 2 1,572 1,850
1,572 1,850
Current assets
Stocks 3,173 2,785
Cash at bank and in hand 254 366
3,427 3,151
Creditors: amounts falling due within one year (2,726) (3,495)
Net current assets (liabilities) 701 (344)
Total assets less current liabilities 2,273 1,506
Total net assets (liabilities) 2,273 1,506
Capital and reserves
Called up share capital 100 100
Profit and loss account 2,173 1,406
Shareholders' funds 2,273 1,506
  • For the year ending 30 November 2012 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 29 August 2013

And signed on their behalf by:
SHAHZAD HUSSAIN, Director

AAA TYRES LTD Registered Number 06974840

Notes to the Abbreviated Accounts for the period ended 30 November 2012

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 represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Fixture & Fittings 15% Reducing Balance

Valuation information and policy
Stock is valued at lower of cost and net realizable value

2Tangible fixed assets
£
Cost
At 1 December 2011 2,560
Additions -
Disposals -
Revaluations -
Transfers -
At 30 November 2012 2,560
Depreciation
At 1 December 2011 710
Charge for the year 278
On disposals -
At 30 November 2012 988
Net book values
At 30 November 2012 1,572
At 30 November 2011 1,850