Complete Home Control Limited - Limited company - abbreviated

REGISTERED NUMBER: 07224887 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2015

FOR

COMPLETE HOME CONTROL LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

Chartered Accountants' Report

6

DIRECTORS:

E I Hicks

J Coburn

REGISTERED OFFICE:

The Galleries

Charters Road

Sunningdale

Ascot

Berkshire

SL5 9QJ

REGISTERED NUMBER:

07224887 (England and Wales)

ACCOUNTANTS:

Davis Burton Sellek

Chartered Accountants

The Galleries

Charters Road

Sunningdale

Berkshire

SL5 9QJ

FIXED ASSETS

Tangible assets

2

3,516

3,137

CURRENT ASSETS

Debtors

47,810

136,511

Cash at bank

133,728

95,334

181,538

231,845

CREDITORS

Amounts falling due within one year

124,780

156,698

NET CURRENT ASSETS

56,758

75,147

TOTAL ASSETS LESS CURRENT
LIABILITIES

60,274

78,284

PROVISIONS FOR LIABILITIES

703

628

NET ASSETS

59,571

77,656

CAPITAL AND RESERVES

Called up share capital

3

103

Profit and loss account

59,468

77,553

SHAREHOLDERS' FUNDS

59,571

77,656

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 19 October 2015 and were signed on its behalf by:

E I Hicks - Director

J Coburn - 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 and services, excluding value added tax.

Turnover comprises of the provision and installation of bespoke home entertainment systems to customers

according to an agreed sales contract.

Revenue is recognised according to stages of completion, as outlined below:

An initial invoice is raised (usually equal to 20% of the total contract value) to cover the costs incurred to that

date in planning the work and the initial goods required. This is recognised when the invoice is raised.

The second stage invoice (usually for 60-65% of the contract value) is raised prior to the goods being ordered.

The final balancing invoice (for the remainder of the contract value, usually 15%) is raised once the job has been

completed.

The remainder of the contract value (after the initial invoice) is recognised when the goods are delivered to the

customer and installed at the site. Revenue is deferred or accrued based on when the job has been completed not

on when the invoice was raised.

Tangible fixed assets

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

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Computer equipment

-

33% on cost

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

8,063

Additions

2,850

At 31 March 2015

10,913

DEPRECIATION

At 1 April 2014

4,926

Charge for year

2,471

At 31 March 2015

7,397

NET BOOK VALUE

At 31 March 2015

3,516

At 31 March 2014

3,137

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

100

Ordinary

£1

100

1

Ordinary 'B'

£1

1

100

Ordinary 'C'

£0.02

2

103

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to five)

have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Complete Home Control Limited for the year ended 31 March 2015 which comprise the Profit

and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information

and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Complete Home Control Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Complete Home Control Limited and state those matters that we have agreed to state to the Board of Directors of Complete Home Control Limited, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Complete Home Control Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Complete Home Control Limited. You consider that Complete Home Control Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Complete Home Control

Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and

explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Davis Burton Sellek

Chartered Accountants

The Galleries

Charters Road

Sunningdale

Berkshire

SL5 9QJ

19 October 2015

Complete Home Control Limited - Limited company - abbreviated - 11.9

Complete Home Control Limited - Limited company - abbreviated - 11.9