Abbreviated Company Accounts - CHRIS NICHOLLS SITING SERVICES LIMITED
Abbreviated Company Accounts - CHRIS NICHOLLS SITING SERVICES LIMITED
Registered Number 09227859
CHRIS NICHOLLS SITING SERVICES LIMITED
Abbreviated Accounts
31 March 2015
CHRIS NICHOLLS SITING SERVICES LIMITED Registered Number 09227859
Abbreviated Balance Sheet as at 31 March 2015
Notes | 2015 | ||
---|---|---|---|
£ | |||
Fixed assets | |||
Intangible assets | 2 |
|
|
Tangible assets | 3 |
|
|
|
|||
Current assets | |||
Debtors |
|
||
Cash at bank and in hand |
|
||
|
|||
Creditors: amounts falling due within one year |
( |
||
Net current assets (liabilities) |
( |
||
Total assets less current liabilities |
|
||
Creditors: amounts falling due after more than one year |
( |
||
Total net assets (liabilities) |
( |
||
Capital and reserves | |||
Called up share capital | 4 |
|
|
Profit and loss account |
( |
||
Shareholders' funds |
( |
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 directors acknowledge their 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 Board on
And signed on their behalf by:
CHRIS NICHOLLS SITING SERVICES LIMITED Registered Number 09227859
Notes to the Abbreviated Accounts for the period ended 31 March 2015
1Accounting Policies
Basis of measurement and preparation of accounts
Turnover policy
Tangible assets depreciation policy
Plant and Machinery - 15% Reducing balance
Motor Vehicles - 25% Reducing balance
Intangible assets amortisation policy
Positive goodwill is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful economic life. It is reviewed for impairment at the end of the first full financial year following the acquisition and in other periods if events or changes in circumstances indicate that the carrying value may not be recoverable.
Amortisation
Amortisation is provided on intangible fixed assets so as to write off the cost, less any estimated residual value, over their expected useful economic life as follows:
Goodwill - 20% Straight line
Other accounting policies
Assets held under finance leases, which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet as tangible fixed assets and are depreciated over the shorter of the lease term and their useful lives. The capital elements of future obligations under the leases are included as liabilities in the balance sheet. The interest element of the rental obligation is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding. Assets held under hire purchase agreements are capitalised as tangible fixed assets and are depreciated over the shorter of the lease term and their useful lives. The capital element of future finance payments is included within creditors. Finance charges are allocated to accounting periods over the length of the contract and represent a constant proportion of the balance of capital repayments outstanding.
£ | |
---|---|
Cost | |
Additions |
|
Disposals |
|
Revaluations |
|
Transfers |
|
At 31 March 2015 |
|
Amortisation | |
Charge for the year |
|
On disposals |
|
At 31 March 2015 |
|
Net book values | |
At 31 March 2015 | 91,667 |
£ | |
---|---|
Cost | |
Additions |
|
Disposals |
|
Revaluations |
|
Transfers |
|
At 31 March 2015 |
|
Depreciation | |
Charge for the year |
|
On disposals |
|
At 31 March 2015 |
|
Net book values | |
At 31 March 2015 | 140,084 |