Chemical Release Company Limited - Period Ending 2015-04-30

Registration number: 02603652

Chemical Release Company Limited

Unaudited Abbreviated Accounts

for the Year Ended 30 April 2015
 

Chemical Release Company Limited
(Registration number: 02603652)
Abbreviated Balance Sheet at 30 April 2015

		Note			2015 £			2014 £
Fixed assets
Tangible fixed assets					11,725			3,510
Current assets
Stocks					123,488			130,903
Debtors					278,178			318,220
Cash at bank and in hand					385,221			99,415
					786,887			548,538
Creditors: Amounts falling due within one year					(524,101)			(405,987)
Net current assets					262,786			142,551
Net assets					274,511			146,061
Capital and reserves
Called up share capital		3			100			100
Profit and loss account					274,411			145,961
Shareholders' funds					274,511			146,061

For the year ending 30 April 2015 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 24 June 2015 and signed on its behalf by:

Mr K D Godber
Director

Chemical Release Company Limited
Notes to the Abbreviated Accounts for the Year Ended 30 April 2015
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Plant and machinery	15% reducing balance
Fixtures and fittings	15% reducing balance
Computer equipment	33% reducing balance

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 May 2014		48,172			48,172
Additions		9,327			9,327
Disposals		(2,500)			(2,500)
At 30 April 2015		54,999			54,999
Depreciation
At 1 May 2014		44,662			44,662
Charge for the year		1,112			1,112
Eliminated on disposals		(2,500)			(2,500)
At 30 April 2015		43,274			43,274
Net book value
At 30 April 2015		11,725			11,725
At 30 April 2014		3,510			3,510

3	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Ordinary of £1 each		100			100			100			100