Chronometric Time Ltd - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 07699808 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 30 June 2015

for

Chronometric Time Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

Mr. O. Khan

REGISTERED OFFICE:

42 Pitts Road

Slough

Berkshire

SL1 3XH

REGISTERED NUMBER:

07699808 (England and Wales)

ACCOUNTANTS:

VG Woodhouse & Co

12 a, The Mall

Ealing

London

W5 2PJ

CURRENT ASSETS

Stocks

78,295

-

Cash at bank and in hand

58,823

43,186

137,118

43,186

CREDITORS

Amounts falling due within one year

(47,947

)

(47,296

)

NET CURRENT ASSETS/(LIABILITIES)

89,171

(4,110

)

TOTAL ASSETS LESS CURRENT LIABILITIES

89,171

(4,110

)

CAPITAL AND RESERVES

Called up share capital

2

1

1

Profit and loss account

89,170

(4,111

)

SHAREHOLDERS' FUNDS

89,171

(4,110

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2015 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 2 March 2016 and were signed by:

Mr. O. Khan - 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.

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

2.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.6.15

30.6.14

value:

£

£

1

Ordinary

£1

1

1