Chameleon Executive Resources Ltd - Abbreviated accounts 16.1

REGISTERED NUMBER: 08777569 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 30 November 2015

for

Chameleon Executive Resources Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

R Magee

G Magee

SECRETARY:

REGISTERED OFFICE:

4 The Business Plaza

Owen Way

Leominster Enterprise Park

Leominster

HR6 0LA

REGISTERED NUMBER:

08777569 (England and Wales)

ACCOUNTANTS:

Altus Business Consulting

Chartered Accountants

88-89 High Street

Wordsley

Stourbridge

West Midlands

DY8 5SB

FIXED ASSETS

Tangible assets

2

1,055

1,406

CURRENT ASSETS

Debtors

266

486

Cash in hand

232

208

498

694

CREDITORS

Amounts falling due within one year

58,965

44,604

NET CURRENT LIABILITIES

(58,467

)

(43,910

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(57,412

)

(42,504

)

CREDITORS

Amounts falling due after more than one year

22,500

-

NET LIABILITIES

(79,912

)

(42,504

)

CAPITAL AND RESERVES

Called up share capital

3

2

2

Profit and loss account

(79,914

)

(42,506

)

SHAREHOLDERS' FUNDS

(79,912

)

(42,504

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 9 May 2016 and were signed on its behalf by:

R Magee - 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 January 2015).

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

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 December 2014

and 30 November 2015

1,500

DEPRECIATION

At 1 December 2014

94

Charge for year

351

At 30 November 2015

445

NET BOOK VALUE

At 30 November 2015

1,055

At 30 November 2014

1,406

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.11.15

30.11.14

value:

£

£

2

Ordinary

1

2

2