The Chaos (Darlington) Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 07880963 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 March 2015

for

The Chaos (Darlington) Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mrs S E Dale

D P Dale

REGISTERED OFFICE:

56 Lunedale Road

Darlington

United Kingdom

Co. Durham

DL3 9AU

REGISTERED NUMBER:

07880963 (England and Wales)

ACCOUNTANTS:

J P Walters & Co

Chartered Accountants

67 Duke Street

Darlington

Co. Durham

DL3 7SD

FIXED ASSETS

Intangible assets

2

4,500

6,666

Tangible assets

3

3,176

4,462

7,676

11,128

CURRENT ASSETS

Stocks

20,092

33,036

Debtors

4

1,750

1,750

Cash at bank and in hand

2,866

2,618

24,708

37,404

CREDITORS

Amounts falling due within one year

3,282

3,813

NET CURRENT ASSETS

21,426

33,591

TOTAL ASSETS LESS CURRENT LIABILITIES

29,102

44,719

CREDITORS

Amounts falling due after more than one year

68,899

67,640

NET LIABILITIES

(39,797

)

(22,921

)

CAPITAL AND RESERVES

Called up share capital

5

200

200

Profit and loss account

(39,997

)

(23,121

)

SHAREHOLDERS' FUNDS

(39,797

)

(22,921

)

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 21 December 2015 and were signed on its behalf by:

Mrs S E Dale - 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 goods, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of three years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on cost, 20% on cost and 20% 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

Rentals paid under operating leases are charged to the profit and loss

account on a straight line basis over the period of the lease.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

20,000

Additions

4,500

At 31 March 2015

24,500

AMORTISATION

At 1 April 2014

13,334

Amortisation for year

6,666

At 31 March 2015

20,000

NET BOOK VALUE

At 31 March 2015

4,500

At 31 March 2014

6,666

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

and 31 March 2015

7,130

DEPRECIATION

At 1 April 2014

2,668

Charge for year

1,286

At 31 March 2015

3,954

NET BOOK VALUE

At 31 March 2015

3,176

At 31 March 2014

4,462

4.

DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

The aggregate total of debtors falling due after more than one year is £

1,750 (31.3.14 - £ 1,750 )

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.15

31.3.14

value:

£

£

200

Ordinary

£1

200

200