Chemtrade & Co. Ltd. - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 02836013 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 July 2015

for

Chemtrade & Co. Ltd.

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

F Farkhondeh

SECRETARY:

Mrs N Akhavan-Tabrizi

REGISTERED OFFICE:

Old George

8 Abbotswood

Guildford

Surrey

GU1 1UT

REGISTERED NUMBER:

02836013 (England and Wales)

ACCOUNTANT:

JMSolutions(Guildford)

13 Gatley Drive

Guildford

Surrey

GU4 7JJ

CURRENT ASSETS

Stocks

407,494

46,491

Debtors

441,477

297,285

Cash at bank

70,696

440,998

919,667

784,774

CREDITORS

Amounts falling due within one year

434,424

111,933

NET CURRENT ASSETS

485,243

672,841

TOTAL ASSETS LESS CURRENT LIABILITIES

485,243

672,841

CREDITORS

Amounts falling due after more than one year

52,500

270,000

NET ASSETS

432,743

402,841

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

432,643

402,741

SHAREHOLDERS' FUNDS

432,743

402,841

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2015 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 6 November 2015 and were signed by:

F Farkhondeh - 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, except in respect of service

contracts where turnover is recognised when the company obtains the right to consideration.

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 etc

-

25% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and

slow moving items.

Deferred tax

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

balance sheet date.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the

balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling

at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 August 2014

and 31 July 2015

16,994

DEPRECIATION

At 1 August 2014

and 31 July 2015

16,994

NET BOOK VALUE

At 31 July 2015

-

At 31 July 2014

-

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.7.15

31.7.14

value:

£

£

100

Ordinary

£1

100

100

4.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

5.	ULTIMATE CONTROLLING PARTY

The controlling party is F Farkhondeh.