S.F. Chapman & Son (Hastings) Limited - Limited company - abbreviated - 11.9

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2015

FOR

S.F. CHAPMAN & SON (HASTINGS) LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

D Simnett

Mrs A J Simnett

SECRETARY:

Mrs A J Simnett

REGISTERED OFFICE:

16 Beachy Head View

St Leonards on Sea

East Sussex

TN38 8EW

REGISTERED NUMBER:

00755160 (England and Wales)

BANKERS:

Barclays Bank PLC

Hanover House

Marine Court

St Leonards on Sea

East Sussex

TN38 0DX

FIXED ASSETS

Tangible assets

2

4,144

5,491

CURRENT ASSETS

Stocks

500

500

Debtors

326

5,548

Cash at bank

18,869

15,672

19,695

21,720

CREDITORS

Amounts falling due within one year

(12,596

)

(13,820

)

NET CURRENT ASSETS

7,099

7,900

TOTAL ASSETS LESS CURRENT LIABILITIES

11,243

13,391

PROVISIONS FOR LIABILITIES

(829

)

(1,098

)

NET ASSETS

10,414

12,293

CAPITAL AND RESERVES

Called up share capital

3

4

4

Profit and loss account

10,410

12,289

SHAREHOLDERS' FUNDS

10,414

12,293

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 13 November 2015 and were signed on its behalf by:

D Simnett - 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 services, 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The

capital element of the future payments is treated as a liability.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

and 31 March 2015

19,526

DEPRECIATION

At 1 April 2014

14,035

Charge for year

1,347

At 31 March 2015

15,382

NET BOOK VALUE

At 31 March 2015

4,144

At 31 March 2014

5,491

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

8

Ordinary

50p

4

4

4.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES