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REGISTERED NUMBER: 04556570 (England and Wales)















Wheels & Tyres Direct Limited

Abbreviated Unaudited Accounts

for the Year Ended

31 October 2015





Wheels & Tyres Direct Limited (Registered number: 04556570)

Contents of the Abbreviated Accounts
for the Year Ended 31 October 2015










Page

Company Information 1

Abbreviated Balance Sheet 2 to 3

Notes to the Abbreviated Accounts 4 to 5
Wheels & Tyres Direct Limited

Company Information
for the Year Ended 31 October 2015







DIRECTORS: Miss A Clover
T G Gowing





SECRETARY: Miss A Clover





REGISTERED OFFICE: Unit 2 and 3
Common Lane North
Beccles
Suffolk
NR34 9BL





REGISTERED NUMBER: 04556570 (England and Wales)





ACCOUNTANTS: Haines Watts
8 Hopper Way
Diss
Norfolk
IP22 4GT
Wheels & Tyres Direct Limited (Registered number: 04556570)

Abbreviated Balance Sheet
31 October 2015

2015 2014
Notes £    £   
FIXED ASSETS
Intangible assets 2 - -
Tangible assets 3 54,732 43,605
54,732 43,605

CURRENT ASSETS
Stocks 70,855 69,410
Debtors 133,413 133,686
Cash at bank and in hand 13,391 55,389
217,659 258,485
CREDITORS
Amounts falling due within one year (212,150 ) (240,755 )
NET CURRENT ASSETS 5,509 17,730
TOTAL ASSETS LESS CURRENT
LIABILITIES

60,241

61,335

PROVISIONS FOR LIABILITIES (6,533 ) (6,193 )
NET ASSETS 53,708 55,142

CAPITAL AND RESERVES
Called up share capital 4 100 100
Profit and loss account 53,608 55,042
SHAREHOLDERS' FUNDS 53,708 55,142

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2015 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.
Wheels & Tyres Direct Limited (Registered number: 04556570)

Abbreviated Balance Sheet - continued
31 October 2015


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 March 2016 and were signed on its behalf by:




T G Gowing - Director



Miss A Clover - Director

Wheels & Tyres Direct Limited (Registered number: 04556570)

Notes to the Abbreviated Accounts
for the Year Ended 31 October 2015


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 goods and services supplied during the year, exclusive of Value Added Tax.

Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the
identifiable assets and liabilities. It is amortised to the profit and loss account over its estimated economic life of
ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Leasehold improvements - 15% on cost
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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.

A net deferred tax asset is recognised only if it can be regarded as more likely than not that there will be suitable
taxable profits from which the future reversal of the underlying timing differences can be deducted.

Deferred tax assets and liabilities are not discounted.

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. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 November 2014
and 31 October 2015 15,400
AMORTISATION
At 1 November 2014
and 31 October 2015 15,400
NET BOOK VALUE

At 31 October 2015 -
At 31 October 2014 -
Wheels & Tyres Direct Limited (Registered number: 04556570)

Notes to the Abbreviated Accounts - continued
for the Year Ended 31 October 2015


3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 November 2014 196,399
Additions 23,959
At 31 October 2015 220,358
DEPRECIATION
At 1 November 2014 152,794
Charge for year 12,832
At 31 October 2015 165,626
NET BOOK VALUE
At 31 October 2015 54,732
At 31 October 2014 43,605

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2015 2014
value: £    £   
100 Ordinary £1 100 100

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