Chasmic Limited - Limited company - abbreviated

REGISTERED NUMBER: 04395015 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2015

FOR

CHASMIC LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

E H Richards

P E Richards

SECRETARY:

E H Richards

REGISTERED OFFICE:

Unit 3 Jubilee Court

Swansea West Industrial Estate

Fforestfach

Swansea

SA5 4HB

REGISTERED NUMBER:

04395015 (England and Wales)

ACCOUNTANTS:

HR Harris & Partners (2010) Limited

Chartered Accountants

44 St Helens Road

Swansea

West Glamorgan

SA1 4BB

FIXED ASSETS

Tangible assets

2

47,874

50,499

CURRENT ASSETS

Debtors

21,700

17,293

Cash at bank

27,081

24,024

48,781

41,317

CREDITORS

Amounts falling due within one year

68,716

68,105

NET CURRENT LIABILITIES

(19,935

)

(26,788

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

27,939

23,711

CAPITAL AND RESERVES

Called up share capital

3

2

Profit and loss account

27,937

23,709

SHAREHOLDERS' FUNDS

27,939

23,711

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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 22nd December 2015 and were signed
on its behalf by:

P E Richards - 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 rent received.

Tangible fixed assets

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

Freehold property

-

not provided

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st April 2014

and 31st March 2015

79,715

DEPRECIATION

At 1st April 2014

29,216

Charge for year

2,625

At 31st March 2015

31,841

NET BOOK VALUE

At 31st March 2015

47,874

At 31st March 2014

50,499

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

2

Ordinary

£1

2

4.	RELATED PARTY DISCLOSURES

At the year end the directors were owed the following by the company;

Mr E H Richards £18,270 (2014 : £18,270)

Mr P E Richards £47,999 (2014 : £47,999)

At the year end, the company was owed the following by companies with common directorships;

Fernan Limited £21,700 (2014 : £17,293)

5.	ULTIMATE CONTROLLING PARTY

There is no single controlling party as the issued shares are held equally between the two directors.

Chasmic Limited - Limited company - abbreviated - 11.6

Chasmic Limited - Limited company - abbreviated - 11.6