Chimemill Limited - Limited company - abbreviated - 11.0.0

Chimemill Limited - Limited company - abbreviated - 11.0.0

CHIMEMILL LIMITED - Company Information

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REGISTERED NUMBER: 03174698 (England and Wales)















Abbreviated Accounts for the Year Ended 31 August 2014

for

CHIMEMILL LIMITED
TRADING AS
ASHWELL PHARMACY

CHIMEMILL LIMITED (REGISTERED NUMBER: 03174698)
TRADING AS ASHWELL PHARMACY






Contents of the Abbreviated Accounts
FOR THE YEAR ENDED 31 AUGUST 2014




Page

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 3

CHIMEMILL LIMITED (REGISTERED NUMBER: 03174698)
TRADING AS ASHWELL PHARMACY

Abbreviated Balance Sheet
31 AUGUST 2014

2014 2013
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 39,670 46,281
Tangible assets 3 7,930 10,573
47,600 56,854

CURRENT ASSETS
Stocks 40,673 35,410
Debtors 93,752 161,762
Cash at bank and in hand 11,807 1,153
146,232 198,325
CREDITORS
Amounts falling due within one
year
4
138,597
176,469
NET CURRENT ASSETS 7,635 21,856
TOTAL ASSETS LESS CURRENT
LIABILITIES
55,235
78,710

CREDITORS
Amounts falling due after more
than one year
4
54,008
71,283
NET ASSETS 1,227 7,427

CAPITAL AND RESERVES
Called up share capital 5 100 100
Profit and loss account 1,127 7,327
SHAREHOLDERS' FUNDS 1,227 7,427

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2014 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 notes form part of these abbreviated accounts

Page 1 continued...
CHIMEMILL LIMITED (REGISTERED NUMBER: 03174698)
TRADING AS ASHWELL PHARMACY

Abbreviated Balance Sheet - continued
31 AUGUST 2014


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 director on 9 October 2014 and were signed
by:





B Deal - Director


The notes form part of these abbreviated accounts

Page 2
CHIMEMILL LIMITED (REGISTERED NUMBER: 03174698)
TRADING AS ASHWELL PHARMACY

Notes to the Abbreviated Accounts
FOR THE YEAR ENDED 31 AUGUST 2014

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).

Turnover
Turnover represents net invoiced sales of goods, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2000, is being amortised evenly over its estimated useful life of twenty years.

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 - 20% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on cost
Computer equipment - 33% on cost

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. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 September 2013
and 31 August 2014 132,227
AMORTISATION
At 1 September 2013 85,946
Amortisation for year 6,611
At 31 August 2014 92,557
NET BOOK VALUE

At 31 August 2014 39,670
At 31 August 2013 46,281

Page 3 continued...
CHIMEMILL LIMITED (REGISTERED NUMBER: 03174698)
TRADING AS ASHWELL PHARMACY

Notes to the Abbreviated Accounts - continued
FOR THE YEAR ENDED 31 AUGUST 2014

3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 September 2013
and 31 August 2014 81,576
DEPRECIATION
At 1 September 2013 71,003
Charge for year 2,643
At 31 August 2014 73,646
NET BOOK VALUE
At 31 August 2014 7,930
At 31 August 2013 10,573

4. CREDITORS

Creditors include an amount of £ 65,976 (2013 - £ 91,547 ) for which security has
been given.

5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2014 2013
value: £    £   
100 Ordinary £1 100 100

6. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended
31 August 2014 and 31 August 2013:

2014 2013
£    £   
B Deal
Balance outstanding at start of year 106,849 81,000
Amounts advanced 198,287 78,311
Amounts repaid (256,000 ) (52,462 )
Balance outstanding at end of year 49,136 106,849

Page 4