Chiltington Associates Ltd - Period Ending 2015-03-31

Registration number: 5288449

Chiltington Associates Ltd

Unaudited Abbreviated Accounts

for the Year Ended 31 March 2015
 

Accountax Limited
Accountants and Tax Advisors
Maple House
Larch Avenue
Sunninghill
Berkshire
SL5 0AW

Chiltington Associates Ltd
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

Chiltington Associates Ltd
(Registration number: 5288449)
Abbreviated Balance Sheet at 31 March 2015

		Note			2015 £			2014 £
Fixed assets
Tangible fixed assets					2,038			1,240
Current assets
Debtors					7,216			429
Cash at bank and in hand					12,267			701
					19,483			1,130
Creditors: Amounts falling due within one year					(8,278)			(3,479)
Net current assets/(liabilities)					11,205			(2,349)
Total assets less current liabilities					13,243			(1,109)
Provisions for liabilities					(359)			-
Net assets/(liabilities)					12,884			(1,109)
Capital and reserves
Called up share capital		3			100			100
Profit and loss account					12,784			(1,209)
Shareholders' funds/(deficit)					12,884			(1,109)

For the year ending 31 March 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 4 December 2015

.........................................
Nicholas Reeves
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

Chiltington Associates Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 March 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).

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

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
Fixtures & fittings	25% Reducing Balance Method
Office equipment	25% Reducing Balance Method

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.

Page 2

Chiltington Associates Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 March 2015
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 April 2014		4,807			4,807
Additions		1,478			1,478
At 31 March 2015		6,285			6,285
Depreciation
At 1 April 2014		3,567			3,567
Charge for the year		680			680
At 31 March 2015		4,247			4,247
Net book value
At 31 March 2015		2,038			2,038
At 31 March 2014		1,240			1,240

3	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Ordinary share of £1 each		100			100			100			100

Page 3