Churchill Concrete Products Limited - Period Ending 2015-04-30

Registration number: 00564123

Churchill Concrete Products Limited

Unaudited Abbreviated Accounts

for the Year Ended 30 April 2015
 

MMO Limited
Chartered Accountants
Wellesley House
204 London Road
Waterlooville
Hampshire
PO7 7AN

Churchill Concrete Products Limited
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3 to 4

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4) have been prepared.

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Churchill Concrete Products Limited
for the Year Ended 30 April 2015

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Churchill Concrete Products Limited for the year ended 30 April 2015 set out on pages 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 Churchill Concrete Products Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Churchill Concrete Products Limited and state those matters that we have agreed to state to them, 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 Churchill Concrete Products Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Churchill Concrete Products Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Churchill Concrete Products Limited. You consider that Churchill Concrete Products 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 accounts of Churchill Concrete Products 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 accounts.

......................................

MMO Limited
Chartered Accountants
Wellesley House
204 London Road
Waterlooville
Hampshire
PO7 7AN

24 November 2015

Page 1

Churchill Concrete Products Limited
(Registration number: 00564123)
Abbreviated Balance Sheet at 30 April 2015

		Note			2015 £			2014 £
Fixed assets
Tangible fixed assets					253,564			257,727
Current assets
Stocks					100			100
Debtors					5,000			-
Cash at bank and in hand					34,085			30,308
					39,185			30,408
Creditors: Amounts falling due within one year					(45,147)			(38,268)
Net current liabilities					(5,962)			(7,860)
Total assets less current liabilities					247,602			249,867
Provisions for liabilities					(792)			(704)
Net assets					246,810			249,163
Capital and reserves
Called up share capital		3			4,853			4,853
Profit and loss account					241,957			244,310
Shareholders' funds					246,810			249,163

For the year ending 30 April 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the director on 24 November 2015

.........................................
Mr C Churchill
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

Churchill Concrete Products Limited
Notes to the Abbreviated Accounts for the Year Ended 30 April 2015
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Plant and machinery	20% written down value
Fixtures and fittings	20% written down value
Land and Buildings	2% straight line

Stock

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Pensions

The company operates a defined contribution pension scheme. Contributions are recognised in the profit and loss account in the period in which they become payable in accordance with the rules of the scheme.

Page 3

Churchill Concrete Products Limited
Notes to the Abbreviated Accounts for the Year Ended 30 April 2015
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 May 2014		393,967			393,967
Additions		1,516			1,516
At 30 April 2015		395,483			395,483
Depreciation
At 1 May 2014		136,240			136,240
Charge for the year		5,679			5,679
At 30 April 2015		141,919			141,919
Net book value
At 30 April 2015		253,564			253,564
At 30 April 2014		257,727			257,727

3	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Ordinary share of £1 each		4,803			4,803			4,803			4,803
Ordinary A share of £1 each		50			50			50			50
		4,853			4,853			4,853			4,853

4	Related party transactions

Director's advances and credits

	2015 Advance/ Credit £	2015 Repaid £	2014 Advance/ Credit £	2014 Repaid £
Mr C Churchill
The following balance was owed to the director at the year end. No interest was charged in respect of this balance.	31,203	-	22,838	-

Page 4