Chinn Brothers Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 00137443 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 SEPTEMBER 2015

FOR

CHINN BROTHERS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

A A Pickford

Mrs A C Clifford

SECRETARY:

Mrs B A Pickford

REGISTERED OFFICE:

12-14 Market Place

Warminster

Wiltshire

BA12 9AN

REGISTERED NUMBER:

00137443 (England and Wales)

ACCOUNTANTS:

R D Owen & Co.

Chartered Accountants

21a Market Place

Warminster

Wiltshire

BA12 9AY

FIXED ASSETS

Tangible assets

2

569,816

570,928

CURRENT ASSETS

Debtors

6,152

1,090

Cash at bank and in hand

88,154

151,512

94,306

152,602

CREDITORS

Amounts falling due within one year

15,785

32,771

NET CURRENT ASSETS

78,521

119,831

TOTAL ASSETS LESS CURRENT LIABILITIES

648,337

690,759

CREDITORS

Amounts falling due after more than one year

3

(194,873

)

(201,248

)

PROVISIONS FOR LIABILITIES

(461

)

(500

)

NET ASSETS

453,003

489,011

CAPITAL AND RESERVES

Called up share capital

4

3,950

3,950

Capital redemption reserve

112,829

112,829

Profit and loss account

336,224

372,232

SHAREHOLDERS' FUNDS

453,003

489,011

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 16 May 2016 and were signed on its behalf by:

A A Pickford - Director

Mrs A C Clifford - 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).

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 October 2014

590,371

Additions

1,049

At 30 September 2015

591,420

DEPRECIATION

At 1 October 2014

19,443

Charge for year

2,161

At 30 September 2015

21,604

NET BOOK VALUE

At 30 September 2015

569,816

At 30 September 2014

570,928

3.

CREDITORS

Creditors include the following debts falling due in more than five years:

2015

2014

£

£

Repayable by instalments

194,873

201,248

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

3,950

Ordinary

£1

3,950

3,950