Abbreviated Company Accounts - CHURCHILL CAPITAL INTERNATIONAL LIMITED
Abbreviated Company Accounts - CHURCHILL CAPITAL INTERNATIONAL LIMITED
Registered Number 05683978
CHURCHILL CAPITAL INTERNATIONAL LIMITED
Abbreviated Accounts
31 December 2014
CHURCHILL CAPITAL INTERNATIONAL LIMITED Registered Number 05683978
Abbreviated Balance Sheet as at 31 December 2014
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Called up share capital not paid |
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Fixed assets | |||
Tangible assets | 2 |
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Current assets | |||
Debtors | 3 |
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Cash at bank and in hand |
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Prepayments and accrued income |
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Creditors: amounts falling due within one year |
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Net current assets (liabilities) |
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Total assets less current liabilities |
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Creditors: amounts falling due after more than one year |
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Total net assets (liabilities) |
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Capital and reserves | |||
Called up share capital | 4 |
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Other reserves |
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Profit and loss account |
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Shareholders' funds |
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For the year ending 31 December 2014 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
And signed on their behalf by:
CHURCHILL CAPITAL INTERNATIONAL LIMITED Registered Number 05683978
Notes to the Abbreviated Accounts for the period ended 31 December 2014
1Accounting Policies
Basis of measurement and preparation of accounts
Turnover policy
Tangible assets depreciation policy
Leasehold property over the period of the lease.
Plant and machinery 33% per annum on straight line basis.
Fixtures, fittings & equipment 20% per annum on straight line basis.
Motor vehicles 25% per annum on a straight line basis.
Other accounting policies
In the year to 31 December 2014 98.09% (2013-100.00%) of the company's turnover was to markets outside the United Kingdom.
Leasing: Rentals payable under operating leases are charged against income on a payable basis as per the terms of lease.
At 31 December 2014 the company was committed to making the following payments under non cancellable operating leases in the year to 31 December 2014
Operating leases which expire between two and five years 2014:£38,925 2013: £77850.
A charge has been registered at Companies House, secured over the rent deposit of £40,398 which would crystallise should the company breach the terms of the rental agreement.
The director has provided a limited guarantee of £50,000 to the company's bankers.
The ultimate controlling party is A C Hersman, a family member of the director, F E Hersman.
The company derives its income from the provision of services to Churchill Capital Advisers Ltd, a company of which F E Hersman is a director. At 31.12.2014 £73,706 (2013:£129,283) was owed by this company and during the year income of £769,041 2013:£1,941981 was earned from this company.
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Cost | |
At 1 January 2014 |
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Additions |
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Disposals |
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Revaluations |
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Transfers |
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At 31 December 2014 |
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Depreciation | |
At 1 January 2014 |
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Charge for the year |
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On disposals |
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At 31 December 2014 |
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Net book values | |
At 31 December 2014 | 124,115 |
At 31 December 2013 | 135,647 |
2014
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2013
£ |
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Debtors include the following amounts due after more than one year |
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