Cheddar Signs Limited - Limited company - abbreviated

REGISTERED NUMBER: 09124219 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE PERIOD

1 APRIL 2015 TO 31 OCTOBER 2015

FOR

CHEDDAR SIGNS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

R Ford

REGISTERED OFFICE:

Unit G3 & G4 Second Avenue

Westfield Trading Estate

Midsomer Norton

Radstock

BA3 4BH

REGISTERED NUMBER:

09124219 (England and Wales)

ACCOUNTANTS:

Pethericks and Gillard Limited

Chartered Accountants

124 High Street

Midsomer Norton

Bath

BA3 2DA

FIXED ASSETS

Intangible assets

2

29,735

-

Tangible assets

3

8,390

-

38,125

-

CURRENT ASSETS

Stocks

1,000

-

Debtors

8,674

-

Cash at bank and in hand

6,855

1

16,529

1

CREDITORS

Amounts falling due within one year

49,457

-

NET CURRENT (LIABILITIES)/ASSETS

(32,928

)

1

TOTAL ASSETS LESS CURRENT
LIABILITIES

5,197

1

PROVISIONS FOR LIABILITIES

1,678

-

NET ASSETS

3,519

1

CAPITAL AND RESERVES

Called up share capital

4

1

Retained earnings

3,518

-

SHAREHOLDERS' FUNDS

3,519

1

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 October 2015.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 October 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 18 April 2016 and were signed by:

R Ford - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015) and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents net invoiced sales of sign and design services, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of twenty years.

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

-

25% on cost

Computer equipment

-

33% 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.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

Additions

31,300

At 31 October 2015

31,300

AMORTISATION

Amortisation for period

1,565

At 31 October 2015

1,565

NET BOOK VALUE

At 31 October 2015

29,735

3.	TANGIBLE FIXED ASSETS

Total

£

COST

Additions

9,830

At 31 October 2015

9,830

DEPRECIATION

Charge for period

1,440

At 31 October 2015

1,440

NET BOOK VALUE

At 31 October 2015

8,390

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

value:

£

1

Ordinary

£1

1

Cheddar Signs Limited - Limited company - abbreviated - 11.9

Cheddar Signs Limited - Limited company - abbreviated - 11.9