Abbreviated Company Accounts - CHAPEL & CHAPEL AUCTIONS LTD

Abbreviated Company Accounts - CHAPEL & CHAPEL AUCTIONS LTD

CHAPEL & CHAPEL AUCTIONS LTD - Company Information

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Registered Number 03044769

CHAPEL & CHAPEL AUCTIONS LTD

Abbreviated Accounts

31 July 2014

CHAPEL & CHAPEL AUCTIONS LTD Registered Number 03044769

Abbreviated Balance Sheet as at 31 July 2014

Notes 2014 2013
£ £
Fixed assets
Tangible assets 2 155,392 163,717
155,392 163,717
Current assets
Debtors 1,008 900
Cash at bank and in hand 11,649 11,491
12,657 12,391
Creditors: amounts falling due within one year (67,486) (61,300)
Net current assets (liabilities) (54,829) (48,909)
Total assets less current liabilities 100,563 114,808
Total net assets (liabilities) 100,563 114,808
Capital and reserves
Called up share capital 100 100
Profit and loss account 100,463 114,708
Shareholders' funds 100,563 114,808
  • For the year ending 31 July 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 29 April 2015

And signed on their behalf by:
J Cossar, Director

CHAPEL & CHAPEL AUCTIONS LTD Registered Number 03044769

Notes to the Abbreviated Accounts for the period ended 31 July 2014

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

2Tangible fixed assets
£
Cost
At 1 August 2013 209,729
Additions -
Disposals -
Revaluations -
Transfers -
At 31 July 2014 209,729
Depreciation
At 1 August 2013 46,012
Charge for the year 8,325
On disposals -
At 31 July 2014 54,337
Net book values
At 31 July 2014 155,392
At 31 July 2013 163,717