The National Ass of Chimney Sweeps Ltd - Abbreviated accounts 16.1

REGISTERED NUMBER: 03952405

Abbreviated Unaudited Accounts

for the Year Ended 31 December 2015

for

The National Association of Chimney

Sweeps Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

Chartered Accountants' Report

4

DIRECTORS:

M P Glynn

R D Leonard

D M Donald

R Clark

R T Murdoch

SECRETARY:

M P Glynn

REGISTERED OFFICE:

Unit 14-15

Stone Business Park

Stone

Staffordshire

ST15 0SR

REGISTERED NUMBER:

03952405

ACCOUNTANTS:

Samuels LLP

Chartered Accountants

3 Locks Yard

High Street

Sevenoaks

Kent

TN13 1LT

FIXED ASSETS

Tangible assets

2

22,194

27,097

CURRENT ASSETS

Stocks

12,000

10,000

Debtors

25,218

27,657

Cash at bank and in hand

156,433

131,219

193,651

168,876

CREDITORS

Amounts falling due within one year

129,749

112,481

NET CURRENT ASSETS

63,902

56,395

TOTAL ASSETS LESS CURRENT LIABILITIES

86,096

83,492

RESERVES

Income and expenditure account

86,096

83,492

86,096

83,492

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 surplus or deficit 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 30 March 2016 and were signed on its behalf by:

M P Glynn - 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 sales of goods, subscriptions and contributions, 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

-

20% on reducing balance

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.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2015

62,326

Additions

645

At 31 December 2015

62,971

DEPRECIATION

At 1 January 2015

35,229

Charge for year

5,548

At 31 December 2015

40,777

NET BOOK VALUE

At 31 December 2015

22,194

At 31 December 2014

27,097

3.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The directors provide training services to the company at market value and any other transactions are done at

arm's length.

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to three)

have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of The National Association of Chimney Sweeps Limited for the year ended 31 December 2015

which comprise the Income and Expenditure Account, the Balance Sheet and the related notes from the company's

accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of The National Association of Chimney Sweeps Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of The National Association of Chimney Sweeps Limited and state those matters that we have agreed to state to the Board of Directors of The National Association of Chimney Sweeps Limited, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that The National Association of Chimney Sweeps Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of The National Association of Chimney Sweeps Limited. You consider that The National Association of Chimney Sweeps Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of The National Association of Chimney Sweeps Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Samuels LLP

Chartered Accountants

3 Locks Yard

High Street

Sevenoaks

Kent

TN13 1LT

Date: .............................................