Chopshoptools Ltd - Limited company - abbreviated

REGISTERED NUMBER: 08211347 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 30 SEPTEMBER 2015

FOR

CHOPSHOPTOOLS LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

P M Skinner

Mrs E J Skinner

REGISTERED OFFICE:

Talgarth House

Talgarth Street

Maesteg

Mid Glamorgan

CF34 0LY

REGISTERED NUMBER:

08211347 (England and Wales)

ACCOUNTANTS:

DAVID WRIGHT ACCOUNTANTS LIMITED

1st Floor

Nathaniel House

David Street

Bridgend

South Wales

CF31 3SA

FIXED ASSETS

Tangible assets

2

12,396

12,642

CURRENT ASSETS

Stocks

98,000

93,000

Debtors

146

-

Cash at bank

12,417

20,420

110,563

113,420

CREDITORS

Amounts falling due within one year

77,981

90,922

NET CURRENT ASSETS

32,582

22,498

TOTAL ASSETS LESS CURRENT
LIABILITIES

44,978

35,140

PROVISIONS FOR LIABILITIES

1,079

820

NET ASSETS

43,899

34,320

CAPITAL AND RESERVES

Called up share capital

3

30,100

Profit and loss account

13,799

4,220

SHAREHOLDERS' FUNDS

43,899

34,320

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 17 February 2016 and were signed on
its behalf by:

P M Skinner - 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.

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 reducing balance, 25% on cost and 15% on cost

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.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 October 2014

17,049

Additions

3,378

At 30 September 2015

20,427

DEPRECIATION

At 1 October 2014

4,407

Charge for year

3,624

At 30 September 2015

8,031

NET BOOK VALUE

At 30 September 2015

12,396

At 30 September 2014

12,642

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30/9/15

30/9/14

value:

£

100

Ordinary

£1

100

30,000

Redeemable

£1

30,000

30,100

Chopshoptools Ltd - Limited company - abbreviated - 11.9

Chopshoptools Ltd - Limited company - abbreviated - 11.9