CLEMENTS_AND_CHURCH_LIMIT - Accounts

CLEMENTS AND CHURCH LIMITED - Company Information

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Company Registration No. 06056451 (England and Wales)

CLEMENTS AND CHURCH LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2015

CLEMENTS AND CHURCH LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

CLEMENTS AND CHURCH LIMITED

ABBREVIATED BALANCE SHEET

AS AT

28 FEBRUARY 2015

- 1 -

2015

2014

Notes

Fixed assets

Tangible assets

405,204

482,585

Current assets

Stocks

689,455

360,031

Debtors

67,351

32,759

Cash at bank and in hand

18,555

57,158

775,361

449,948

Creditors: amounts falling due within one year

(294,218)

(186,394)

Net current assets

481,143

263,554

Total assets less current liabilities

886,347

746,139

Creditors: amounts falling due after more than one year

(2,802,946)

(2,179,597)

(1,916,599)

(1,433,458)

Capital and reserves

Called up share capital

10,000

Profit and loss account

(1,926,599)

(1,443,458)

Shareholders' funds

(1,916,599)

(1,433,458)

For the financial year ended 28 February 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 2 October 2015

M T Nash

Director

Company Registration No. 06056451

CLEMENTS AND CHURCH LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 28 FEBRUARY 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).

The financial statements have been prepared on the going concern basis. The validity of this assumption depends upon the continued financial support of M T Nash, director, who has agreed to support the company's funding requirements for the foreseeable future. On this basis the director is of the opinion that the company is going concern.

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

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:

Land and buildings Leasehold

over the life of the lease

Computer equipment

33.3% straight line

Fixtures, fittings & equipment

20-33.3% straight line

1.5

Stock

Stock is valued at the lower of cost and net realisable value.

1.6

Foreign currency translation

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.

CLEMENTS AND CHURCH LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 28 FEBRUARY 2015

- 3 -

Fixed assets

Tangible assets

Cost

At 1 March 2014

933,982

Additions

14,894

At 28 February 2015

948,876

Depreciation

At 1 March 2014

451,397

Charge for the year

92,275

At 28 February 2015

543,672

Net book value

At 28 February 2015

405,204

At 28 February 2014

482,585

Share capital

2015

2014

Allotted, called up and fully paid

10,000 Ordinary Shares of £1 each

10,000

Ultimate parent company

The company is under the control of M. T. Nash by virtue of his 100% interest in the company's issued share capital.