Registered Number 05822657

A & S CYCLES LIMITED

Abbreviated Accounts

31 May 2016

A & S CYCLES LIMITED Registered Number 05822657

Abbreviated Balance Sheet as at 31 May 2016

Notes 2016 2015
£ £
Called up share capital not paid - -
Fixed assets
Intangible assets 2 12,000 12,000
Tangible assets 3 1,152 1,536
13,152 13,536
Current assets
Stocks 4,195 4,195
Cash at bank and in hand 10,702 9,596
14,897 13,791
Creditors: amounts falling due within one year (5,423) (23,086)
Net current assets (liabilities) 9,474 (9,295)
Total assets less current liabilities 22,626 4,241
Creditors: amounts falling due after more than one year (27,297) (17,439)
Total net assets (liabilities) (4,671) (13,198)
Capital and reserves
Called up share capital 100 100
Profit and loss account (4,771) (13,298)
Shareholders' funds (4,671) (13,198)
  • For the year ending 31 May 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 8 February 2017

And signed on their behalf by:
MR S WIBERG, Director

A & S CYCLES LIMITED Registered Number 05822657

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

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.

2Intangible fixed assets
£
Cost
At 1 June 2015 12,000
Additions -
Disposals -
Revaluations -
Transfers -
At 31 May 2016 12,000
Amortisation
At 1 June 2015 -
Charge for the year -
On disposals -
At 31 May 2016 -
Net book values
At 31 May 2016 12,000
At 31 May 2015 12,000
3Tangible fixed assets
£
Cost
At 1 June 2015 1,536
Additions -
Disposals -
Revaluations -
Transfers -
At 31 May 2016 1,536
Depreciation
At 1 June 2015 -
Charge for the year 384
On disposals -
At 31 May 2016 384
Net book values
At 31 May 2016 1,152
At 31 May 2015 1,536