Abbreviated Company Accounts - STABLECHIEF LTD

03899985 STABLECHIEF LTD 2015-03-31 false 2014-04-01 2015-03-31 true 03899985 2014-04-01 2015-03-31 03899985 2015-03-31 03899985 2014-03-31 03899985 uk-gaap-cd-bus:Director1 2014-04-01 2015-03-31 03899985 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 03899985

STABLECHIEF LTD

Abbreviated Accounts

31 March 2015

STABLECHIEF LTD Registered Number 03899985

Abbreviated Balance Sheet as at 31 March 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	10,856	13,041
Investments	3	913	913
		11,769	13,954
Current assets
Stocks		87,040	75,050
Debtors		9,814	1,051
		96,854	76,101
Creditors: amounts falling due within one year		(95,843)	(89,291)
Net current assets (liabilities)		1,011	(13,190)
Total assets less current liabilities		12,780	764
Total net assets (liabilities)		12,780	764
Capital and reserves
Called up share capital	4	1	1
Profit and loss account		12,779	763
Shareholders' funds		12,780	764

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 30 December 2015

And signed on their behalf by:
Mr J Mills, Director

STABLECHIEF LTD Registered Number 03899985

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.

Other accounting policies
Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

Stock

Stock is valued at the lower of cost and net realisable value.

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

2Tangible fixed assets

	£
Cost
At 1 April 2014	52,000
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2015	52,000
Depreciation
At 1 April 2014	38,959
Charge for the year	2,185
On disposals	-
At 31 March 2015	41,144
Net book values
At 31 March 2015	10,856
At 31 March 2014	13,041

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset overs its expenses useful life, as follows:

Plant and machinery - 15% reducing balance
Fixtures, fittings & equipment - 15% Reducing balance
Motor vehicles - 25% Reducing balance

3Fixed assets Investments
Fixed asset investments are stated at cost less provision for diminution in value.

4Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
1 Ordinary shares of £1 each	1	1