Philip Chapper and Company Limited - Abbreviated accounts

PHILIP CHAPPER & COMPANY LIMITED - Company Information

Registered number

01001273

Philip Chapper and Company Limited

Abbreviated Accounts

30 April 2015

Philip Chapper and Company Limited
Registered number:		01001273
Abbreviated Balance Sheet
as at 30 April 2015

Notes			2015			2014
£				£
Fixed assets
Tangible assets	2		37,502			35,619

Current assets
Stocks		107,594			86,486
Debtors		685,778			636,774
Cash at bank and in hand		1,383,267			1,306,072
		2,176,639			2,029,332

Creditors: amounts falling due within one year		(1,154,224)			(1,135,892)

Net current assets			1,022,415			893,440

Net assets			1,059,917			929,059

Capital and reserves
Called up share capital	3		5,000			5,000
Profit and loss account			1,054,917			924,059

Shareholders' funds			1,059,917			929,059

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
Members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.



Mr P B Chapper
Director
Approved by the board on 27 October 2015

Philip Chapper and Company Limited
Notes to the Abbreviated Accounts
for the year ended 30 April 2015

1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

	Turnover
	Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

	Depreciation
	Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

	Plant and machinery			20% reducing balance
	Motor vehicles			25% reducing balance

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

	Deferred taxation
	Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.

	Pensions
	The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.


2	Tangible fixed assets					£

	Cost
	At 1 May 2014					222,037
	Additions					11,901
	At 30 April 2015					233,938

	Depreciation
	At 1 May 2014					186,418
	Charge for the year					10,018
	At 30 April 2015					196,436

	Net book value
	At 30 April 2015					37,502
	At 30 April 2014					35,619




3	Share capital	Nominal		2015		2015		2014
value			Number		£		£
	Allotted, called up and fully paid:
	Ordinary shares	£1 each		5,000		5,000		5,000