Holton Chippy Limited - Accounts to registrar (filleted) - small 18.2

Holton Chippy Limited - Accounts to registrar (filleted) - small 18.2

HOLTON CHIPPY LIMITED - Company Information

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REGISTERED NUMBER: 05906956 (England and Wales)















HOLTON CHIPPY LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST AUGUST 2018





Weaver Wroot
28 Dudley Street
Grimsby
N E Lincolnshire
DN31 2AB








HOLTON CHIPPY LIMITED (REGISTERED NUMBER: 05906956)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST AUGUST 2018




Page

Company Information 1

Chartered Certified Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 4 to 5


HOLTON CHIPPY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST AUGUST 2018







DIRECTORS: G Wilson
L G Wilson





SECRETARY: L G Wilson





REGISTERED OFFICE: Burlington House
28 Dudley Street
Grimsby
N E Lincolnshire
DN31 2AB





REGISTERED NUMBER: 05906956 (England and Wales)





ACCOUNTANTS: Weaver Wroot
28 Dudley Street
Grimsby
N E Lincolnshire
DN31 2AB
Page 1
CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
HOLTON CHIPPY LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited
financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet.
Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are
not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial
statements of Holton Chippy Limited for the year ended 31st August 2018 which comprise the Income Statement, Balance Sheet
and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Holton Chippy Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Holton Chippy Limited and state those matters that we have agreed to state to the Board of Directors of Holton Chippy Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Holton Chippy Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Holton Chippy Limited. You consider that Holton Chippy Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Holton Chippy Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Weaver Wroot
28 Dudley Street
Grimsby
N E Lincolnshire
DN31 2AB


Date: .............................................

This page does not form part of the statutory financial statements

Page 2
HOLTON CHIPPY LIMITED (REGISTERED NUMBER: 05906956)

BALANCE SHEET
31ST AUGUST 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 53,325 59,235
53,325 59,235

CURRENT ASSETS
Stocks 6 460 460
Debtors 7 907 907
Cash at bank and in hand 5,366 6,608
6,733 7,975
CREDITORS
Amounts falling due within one year 8 44,190 54,722
NET CURRENT LIABILITIES (37,457 ) (46,747 )
TOTAL ASSETS LESS CURRENT LIABILITIES 15,868 12,488

PROVISIONS FOR LIABILITIES 2,424 1,375
NET ASSETS 13,444 11,113

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 13,442 11,111
SHAREHOLDERS' FUNDS 13,444 11,113

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st August 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st August 2018 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 19th February 2019 and were signed on its behalf by:





G Wilson - Director


The notes form part of these financial statements

Page 3
HOLTON CHIPPY LIMITED (REGISTERED NUMBER: 05906956)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST AUGUST 2018

1. STATUTORY INFORMATION

Holton Chippy Limited is a private company, limited by shares , registered in England and Wales. The company's
registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value
added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2006, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any
accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures, fittings and equipment - 20% 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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent
that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively
enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet
date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in
which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been
enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be
recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2017 - 2 ) .

Page 4 continued...
HOLTON CHIPPY LIMITED (REGISTERED NUMBER: 05906956)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST AUGUST 2018

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st September 2017
and 31st August 2018 19,500
AMORTISATION
At 1st September 2017
and 31st August 2018 19,500
NET BOOK VALUE
At 31st August 2018 -
At 31st August 2017 -

5. TANGIBLE FIXED ASSETS
Fixtures,
fittings
Freehold and
property equipment Totals
£    £    £   
COST
At 1st September 2017
and 31st August 2018 35,000 37,361 72,361
DEPRECIATION
At 1st September 2017 - 13,126 13,126
Charge for year - 5,910 5,910
At 31st August 2018 - 19,036 19,036
NET BOOK VALUE
At 31st August 2018 35,000 18,325 53,325
At 31st August 2017 35,000 24,235 59,235

6. STOCKS
2018 2017
£    £   
Stocks 460 460

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Tax 907 907

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Bank loans and overdrafts 30,748 33,985
Other loans 7,778 14,444
Social security and other taxes - 73
VAT 4,313 4,923
Directors' current accounts 61 6
Accrued expenses 1,290 1,291
44,190 54,722

Page 5