Abbreviated Company Accounts - CHOICE TEXTILE LIMITED

Abbreviated Company Accounts - CHOICE TEXTILE LIMITED

CHOICE TEXTILE LIMITED - Company Information

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Registered Number 03848341

CHOICE TEXTILE LIMITED

Abbreviated Accounts

30 September 2015

CHOICE TEXTILE LIMITED Registered Number 03848341

Abbreviated Balance Sheet as at 30 September 2015

Notes 2015 2014
£ £
Fixed assets
Tangible assets 2 3,391,390 2,941,095
3,391,390 2,941,095
Current assets
Stocks 30,732 28,184
Debtors 1,150,072 967,647
Cash at bank and in hand 515,071 211,232
1,695,875 1,207,063
Creditors: amounts falling due within one year (1,948,475) (1,580,736)
Net current assets (liabilities) (252,600) (373,673)
Total assets less current liabilities 3,138,790 2,567,422
Creditors: amounts falling due after more than one year (1,087,595) (1,181,871)
Total net assets (liabilities) 2,051,195 1,385,551
Capital and reserves
Called up share capital 2 2
Profit and loss account 2,051,193 1,385,549
Shareholders' funds 2,051,195 1,385,551
  • 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 directors acknowledge their 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 Board on 30 June 2016

And signed on their behalf by:
A. IHEZIE, Director

CHOICE TEXTILE LIMITED Registered Number 03848341

Notes to the Abbreviated Accounts for the period ended 30 September 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

2Tangible fixed assets
£
Cost
At 1 October 2014 3,295,197
Additions 619,150
Disposals (6,000)
Revaluations -
Transfers -
At 30 September 2015 3,908,347
Depreciation
At 1 October 2014 354,102
Charge for the year 168,790
On disposals (5,935)
At 30 September 2015 516,957
Net book values
At 30 September 2015 3,391,390
At 30 September 2014 2,941,095