Abbreviated Company Accounts - G.A. CHEDD LIMITED

G.A. CHEDD LIMITED - Company Information

Registered Number 02804994

G.A. CHEDD LIMITED

Abbreviated Accounts

31 March 2014

G.A. CHEDD LIMITED Registered Number 02804994

Abbreviated Balance Sheet as at 31 March 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	47,355	33,110
		47,355	33,110
Current assets
Stocks		1,447	1,138
Debtors		37,604	30,055
Cash at bank and in hand		25,286	56,251
		64,337	87,444
Creditors: amounts falling due within one year		(104,124)	(117,086)
Net current assets (liabilities)		(39,787)	(29,642)
Total assets less current liabilities		7,568	3,468
Total net assets (liabilities)		7,568	3,468
Capital and reserves
Called up share capital		2	2
Profit and loss account		7,566	3,466
Shareholders' funds		7,568	3,468

For the year ending 31 March 2014 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 10 September 2014

And signed on their behalf by:
G A Chedd, Director

G.A. CHEDD LIMITED Registered Number 02804994

Notes to the Abbreviated Accounts for the period ended 31 March 2014

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.

Turnover policy
Turnover represents amounts invoiced during the year, exclusive of Value Added Tax.

Tangible assets depreciation policy
All fixed assets are initially recorded at cost and depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows
Equipment 25% on the reducing balance
Motor Vehicles 25% on the reducing balance

Valuation information and policy
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Other accounting policies
Assets held under hire purchase agreements are capitalised and disclosed under tangible fixed assets at their fair value. The capital element of the future payments is treated as a liability and the interest is charged to the profit and loss account on a straight line basis.

Director Mr G A Chedd was paid a dividend of £10,000 on 28th March 2014.

2Tangible fixed assets

	£
Cost
At 1 April 2013	85,214
Additions	37,965
Disposals	(25,065)
Revaluations	-
Transfers	-
At 31 March 2014	98,114
Depreciation
At 1 April 2013	52,104
Charge for the year	15,785
On disposals	(17,130)
At 31 March 2014	50,759
Net book values
At 31 March 2014	47,355
At 31 March 2013	33,110

Included within the net book value of £47,355 is £34,100. 2013 £21,530. relating to assets held under hire purchase agreements. The depreciation charged to the financial statements in the year in respect of such assets amounted to £11,365. 2013 £7,174.