Churchill Associates (UK) Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 02458240 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 APRIL 2015

FOR

CHURCHILL ASSOCIATES (UK) LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

D J Shaw

Mrs W J Shaw

SECRETARY:

D J Shaw

REGISTERED OFFICE:

Shirley House

High Street

Newent

Gloucestershire

GL18 1AY

REGISTERED NUMBER:

02458240 (England and Wales)

ACCOUNTANTS:

Bernard Rogers & Co

Bank Gallery

High Street

Kenilworth

Warwickshire

CV8 1LY

FIXED ASSETS

Tangible assets

2

915

-

CURRENT ASSETS

Debtors

17,450

9,636

Cash at bank

1,133

-

18,583

9,636

CREDITORS

Amounts falling due within one year

12,639

9,630

NET CURRENT ASSETS

5,944

6

TOTAL ASSETS LESS CURRENT LIABILITIES

6,859

6

CAPITAL AND RESERVES

Called up share capital

3

4

4

Profit and loss account

6,855

2

SHAREHOLDERS' FUNDS

6,859

6

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2015 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 4 August 2015 and were signed on its behalf by:

D J Shaw - 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).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

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

Computer equipment

-

33% on cost

Deferred tax

Deferred tax is provided in full on timing difference which result in an obligation at the Balance Sheet date to pay

more tax, or a right to pay less tax, at a future date at rates expected to apply when they crystallise based on

current tax rates and law. Timing differences arise from the inclusion of items of income and expenditure in

taxation computations in periods different from those in which they are included in the financial statements.

Deferred tax assets are recognised to the extent that it is regarded as more likely than not that they will be

recovered. Deferred tax assets and liabilities are not discounted.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

Additions

1,221

At 30 April 2015

1,221

DEPRECIATION

Charge for year

306

At 30 April 2015

306

NET BOOK VALUE

At 30 April 2015

915

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

3

Ordinary

£1

4

4

4.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 April 2015 and

30 April 2014:

2015

2014

£

£

D J Shaw and Mrs W J Shaw

Balance outstanding at start of year

7,491

8,582

Amounts repaid

(7,493

)

(1,091

)

Balance outstanding at end of year

(2

)

7,491