CHG Inter-Trading Limited - Period Ending 2015-09-30

Registration number: 06700764

CHG Inter-Trading Limited

Unaudited Abbreviated Accounts

for the Year Ended 30 September 2015
 

M J Vousden FCCA t/a AIMS
Synegis House
Crockhamwell Road
Woodley
Reading
Berkshire
RG5 3LE

CHG Inter-Trading Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

CHG Inter-Trading Limited
(Registration number: 06700764)
Abbreviated Balance Sheet at 30 September 2015

		Note			2015 £			2014 £
Fixed assets
Tangible fixed assets					7,717			8,946
Current assets
Stocks					195,205			-
Debtors					6,075			50,645
Cash at bank and in hand					11,492			3,191
					212,772			53,836
Creditors: Amounts falling due within one year					(118,151)			(37,698)
Net current assets					94,621			16,138
Total assets less current liabilities					102,338			25,084
Creditors: Amounts falling due after more than one year					(26,727)			-
Provisions for liabilities					(169)			-
Net assets					75,442			25,084
Capital and reserves
Called up share capital		3			1,000			1,000
Profit and loss account					74,442			24,084
Shareholders' funds					75,442			25,084

For the year ending 30 September 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 director acknowledges his 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 director on 30 June 2016

.........................................
Mr R M Chevalier-Hernandez
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

CHG Inter-Trading Limited
Notes to the Abbreviated Accounts for the Year Ended 30 September 2015
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Office equipment	33.33% straight line basis
Motor vehicle	20.00% reducing balance

Stock

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

Foreign currency

Transactions in foreign currencies are recorded at the exchange rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated at the closing rates at the balance sheet date. All exchange differences are included in the profit and loss account.

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Page 2

CHG Inter-Trading Limited
Notes to the Abbreviated Accounts for the Year Ended 30 September 2015
......... continued

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 October 2014		25,760			25,760
Additions		1,267			1,267
At 30 September 2015		27,027			27,027
Depreciation
At 1 October 2014		16,814			16,814
Charge for the year		2,496			2,496
At 30 September 2015		19,310			19,310
Net book value
At 30 September 2015		7,717			7,717
At 30 September 2014		8,946			8,946

3	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Ordinary shares of £1 each		1,000			1,000			1,000			1,000

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