Chase & Co Advertising Ltd - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 06687754 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 30 September 2014

for

Chase & Co Advertising Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mrs P Poulley

C M Poulley

REGISTERED OFFICE:

Lakeview House

4 Woodbrook Crescent

Billericay

Essex

CM12 0EQ

REGISTERED NUMBER:

06687754 (England and Wales)

ACCOUNTANTS:

The Mudd Partnership

Chartered Accountants

Lakeview House

4 Woodbrook Crescent

Billericay

Essex

CM12 0EQ

FIXED ASSETS

Tangible assets

2

9,953

-

Investments

3

89,915

89,915

99,868

89,915

CURRENT ASSETS

Debtors

177,726

291,640

Cash at bank

138,058

12,717

315,784

304,357

CREDITORS

Amounts falling due within one year

94,372

152,754

NET CURRENT ASSETS

221,412

151,603

TOTAL ASSETS LESS CURRENT LIABILITIES

321,280

241,518

PROVISIONS FOR LIABILITIES

1,991

-

NET ASSETS

319,289

241,518

CAPITAL AND RESERVES

Called up share capital

4

100

100

Profit and loss account

319,189

241,418

SHAREHOLDERS' FUNDS

319,289

241,518

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2014 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 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 11 March 2015 and were signed on its behalf by:

C M Poulley - Director

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).

Preparation of consolidated financial statements

The financial statements contain information about Chase & Co Advertising Ltd as an individual company and

do not contain consolidated financial information as the parent of a group. The company has taken the option

under Section 398 of the Companies Act 2006 not to prepare consolidated financial statements.

Turnover

Turnover represents the value of sales to customers, net of discounts, allowances, volume and promotional

rebates and other payments to customers and excludes VAT. Sale of goods are recognised when the company

has delivered product to the customer, the customer has accepted the products and collectability of the related

receivable is reasonably assured.

Tangible fixed assets

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

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

33.3% straight line

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 October 2013

2,580

Additions

10,165

At 30 September 2014

12,745

DEPRECIATION

At 1 October 2013

2,580

Charge for year

212

At 30 September 2014

2,792

NET BOOK VALUE

At 30 September 2014

9,953

At 30 September 2013

-

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 October 2013

and 30 September 2014

89,915

NET BOOK VALUE

At 30 September 2014

89,915

At 30 September 2013

89,915

The company's investments at the balance sheet date in the share capital of companies include the following:

Hydrogen Publicity Limited

Nature of business: Advertising services

%

Class of shares:

holding

Ordinary

100.00

31.3.14

31.3.13

£

£

Aggregate capital and reserves

76,986

70,264

Profit for the year

8,623

37,070

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.9.14

30.9.13

value:

£

£

100

Ordinary

£1

100

100

5.	RELATED PARTY DISCLOSURES

C M Poulley

A director in the company.

Included within Creditors: amounts falling due within one year is £544 (2013 - £347) due to the director

During the year the director paid £773 (2013 - £508) to the company in loan interest in respect of borrowings

from the company. This was paid at the HMRC approved rate of interest.

During the year the director received £96,300 (2013 - £63,900) in respect of net dividends.

Mrs P Poulley

A director in the company

During the year the director received £10,700 (2013 - £7,100) in respect of net dividends.

Hydrogen Publicity Limited

A subsidiary company

Included within Creditors: amounts falling due within one year is £nil (2013 - £10,000) due to Hydrogen

Publicity Limited.

During the year the company incurred £24,000 (2013 - £12,000) in respect of management charges from

Hydrogen Publicity Limited. This was at market value.