Abbreviated Company Accounts - CHIARAMELLO & CO LTD

CHIARAMELLO & CO LTD - Company Information

06162982 CHIARAMELLO & CO LTD 2015-05-31 false 2014-06-01 2015-05-31 true 06162982 2014-06-01 2015-05-31 06162982 2015-05-31 06162982 2014-05-31 06162982 uk-gaap-cd-bus:Director1 2014-06-01 2015-05-31 06162982 uk-gaap-cd-bus:Director2 2014-06-01 2015-05-31 uk-gaap-cd-bus:Director3 2014-06-01 2015-05-31 uk-gaap-cd-bus:Director3 2015-05-31 uk-gaap-cd-bus:Director3 2014-05-31 uk-gaap-cd-bus:Director4 2014-06-01 2015-05-31 uk-gaap-cd-bus:Director4 2015-05-31 uk-gaap-cd-bus:Director4 2014-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-06-01 2015-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-05-31 iso4217:GBP shares

Registered Number 06162982

CHIARAMELLO & CO LTD

Abbreviated Accounts

31 May 2015

CHIARAMELLO & CO LTD Registered Number 06162982

Abbreviated Balance Sheet as at 31 May 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	2,555	3,408
		2,555	3,408
Current assets
Debtors		22,846	8,263
Cash at bank and in hand		2,080	2,943
		24,926	11,206
Creditors: amounts falling due within one year		(26,702)	(14,288)
Net current assets (liabilities)		(1,776)	(3,082)
Total assets less current liabilities		779	326
Total net assets (liabilities)		779	326
Capital and reserves
Called up share capital	3	200	200
Profit and loss account		579	126
Shareholders' funds		779	326

For the year ending 31 May 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 9 March 2016

And signed on their behalf by:
Y M Chiaramello, Director

CHIARAMELLO & CO LTD Registered Number 06162982

Notes to the Abbreviated Accounts for the period ended 31 May 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 total invoice value, excluding value added tax, of sales made during the year.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life as follows:-
Fixtures, fittings and equipment 25% reducing balance

2Tangible fixed assets

	£
Cost
At 1 June 2014	10,225
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 May 2015	10,225
Depreciation
At 1 June 2014	6,817
Charge for the year	853
On disposals	-
At 31 May 2015	7,670
Net book values
At 31 May 2015	2,555
At 31 May 2014	3,408

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

	2015 £	2014 £
200 Ordinary shares of £1 each	200	200

4Transactions with directors

Name of director receiving advance or credit:	J D Waters
Description of the transaction:	Advances to director
Balance at 1 June 2014:	£ 4,126
Advances or credits made:	£ 31,242
Advances or credits repaid:	£ 23,945
Balance at 31 May 2015:	£ 11,423

Name of director receiving advance or credit:	Y M Chiaramello
Description of the transaction:	Advances to director
Balance at 1 June 2014:	£ 4,126
Advances or credits made:	£ 31,242
Advances or credits repaid:	£ 23,945
Balance at 31 May 2015:	£ 11,423

These were interest free advances and were repaid on 28/2/16.