Abbreviated Company Accounts - S.T.CHALLIS LIMITED

S.T.CHALLIS LIMITED - Company Information

00386896 S.T.CHALLIS LIMITED 2015-03-31 false 2014-04-01 2015-03-31 true 00386896 2014-04-01 2015-03-31 00386896 2015-03-31 00386896 2014-03-31 00386896 uk-gaap-cd-bus:Director1 2014-04-01 2015-03-31 00386896 uk-gaap-cd-bus:Director2 2014-04-01 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-04-01 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-03-31 iso4217:GBP shares

Registered Number 00386896

S.T.CHALLIS LIMITED

Abbreviated Accounts

31 March 2015

S.T.CHALLIS LIMITED Registered Number 00386896

Abbreviated Balance Sheet as at 31 March 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	905,939	690,764
		905,939	690,764
Current assets
Stocks		35,851	35,669
Debtors		440,464	417,217
Cash at bank and in hand		248	52,125
		476,563	505,011
Prepayments and accrued income		79,467	71,500
Creditors: amounts falling due within one year		(554,293)	(370,527)
Net current assets (liabilities)		1,737	205,984
Total assets less current liabilities		907,676	896,748
Creditors: amounts falling due after more than one year		(263,859)	(308,497)
Total net assets (liabilities)		643,817	588,251
Capital and reserves
Called up share capital	3	7,500	7,500
Other reserves		5,000	5,000
Profit and loss account		631,317	575,751
Shareholders' funds		643,817	588,251

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 23 December 2015

And signed on their behalf by:
David John Butt, Director

S.T.CHALLIS LIMITED Registered Number 00386896

Notes to the Abbreviated Accounts for the period ended 31 March 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the amount derived from the provision of goods and services falling within the company’s activities excluding value added tax.

Tangible assets depreciation policy
Depreciation of fixed assets is provided at the following annual rates calculated to write off the cost less residual value of each asset over its estimated useful life as follows: Motor vehicles between 10% and 14% straight line, Fixtures fittings and equipment 15% reducing balance.

Valuation information and policy
Stocks:
Stocks are stated at the lower of cost and net realisable value. Provision is made where necessary for obsolete, slow moving and defective stocks.

2Tangible fixed assets

	£
Cost
At 1 April 2014	1,823,280
Additions	366,179
Disposals	(57,300)
Revaluations	-
Transfers	-
At 31 March 2015	2,132,159
Depreciation
At 1 April 2014	1,132,516
Charge for the year	149,040
On disposals	(55,336)
At 31 March 2015	1,226,220
Net book values
At 31 March 2015	905,939
At 31 March 2014	690,764

3Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
7,500 Ordinary shares of £1 each	7,500	7,500