CHURCHILL_HUI_LIMITED - Accounts

CHURCHILL HUI LIMITED - Company Information

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Company Registration No. 07829078 (England and Wales)

CHURCHILL HUI LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2015

CHURCHILL HUI LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

CHURCHILL HUI LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2015

- 1 -

2015

2014

Notes

Fixed assets

Intangible assets

180,000

240,000

Tangible assets

26,840

37,721

206,840

277,721

Current assets

Stocks

4,500

5,000

Debtors

598,058

489,552

Cash at bank and in hand

439,649

458,036

1,042,207

952,588

Creditors: amounts falling due within one year

(216,464)

(483,212)

Net current assets

825,743

469,376

Total assets less current liabilities

1,032,583

747,097

Capital and reserves

Called up share capital

Profit and loss account

1,032,576

747,090

Shareholders' funds

1,032,583

747,097

For the financial year ended 31 March 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime within Part 15 of the Companies Act 2006.

Approved by the Board for issue on 15 July 2015

Mr N Manley

Director

Company Registration No. 07829078

CHURCHILL HUI LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2015

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Goodwill

Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.

1.5

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Computer equipment

33% on original cost

Fixtures, fittings & equipment

25% on reducing balance

Motor vehicles

25% on reducing balance

Fixed assets

Intangible assets

Tangible assets

Total

Cost

At 1 April 2014

300,000

49,613

349,613

Additions

4,553

At 31 March 2015

300,000

54,166

354,166

Depreciation

At 1 April 2014

60,000

11,893

71,893

Charge for the year

60,000

15,433

75,433

At 31 March 2015

120,000

27,326

147,326

Net book value

At 31 March 2015

180,000

26,840

206,840

At 31 March 2014

240,000

37,721

277,721

CHURCHILL HUI LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2015

- 3 -

Share capital

2015

2014

Allotted, called up and fully paid

2 Ordinary A shares of £1 each

2 Ordinary B shares of £1 each

1 Ordinary C share of £1 each

2 Ordinary D shares of £1 each