Accounts filed on 31-03-2016


ABBREVIATED ACCOUNTS


FOR THE YEAR ENDED 31/03/2016

















INDEX TO THE ACCOUNTS




Abbreviated Balance Sheet		2

Notes to the Abbreviated Accounts		3



The company's registered number is 07847419


Registered Number: 07847419

BALANCE SHEET AT 31/03/2016

			2016		2015
	Notes		£		£

FIXED ASSETS
Intangible assets	2		4,000		10,000
Tangible assets	3		2,096		1,996

			6,096		11,996

CURRENT ASSETS
Stock		298		121
Debtors (amounts falling due within one year)	4	4,958		3,662
Cash at bank and in hand		15,751		7,742
		21,007		11,525
CREDITORS: Amounts falling due within one year		25,936		22,989
NET CURRENT LIABILITIES			(4,929)		(11,464)
TOTAL ASSETS LESS CURRENT LIABILITIES			1,167		532

CAPITAL AND RESERVES

Called up share capital	5		2		2
Profit and loss account			1,165		530
SHAREHOLDERS' FUNDS			1,167		532

For the year ending 31/03/2016 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 10/08/2016 and signed on their behalf by




Mr I B Churchill
Director



.............................
Mrs S A Churchill
Director

1. ACCOUNTING POLICIES




1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).




1b. Tangible Assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Office equipment - 25% on reducing balance




1c. Stocks
Stock and work in progress are valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks.




1d. Taxation
Corporation tax payable is provided on taxable profits at the current rates.
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.




1e. Turnover
Turnover represents net invoiced sales of goods, excluding value added tax, except in respect of service contracts where turnover is recognised when the company obtains the right to consideration.




1f. Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of 20 years.




1g. Deferred Tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.




4. DEBTORS	2016	2015
	£	£

Amounts falling due within one year:
Trade debtors	4,958	3,662
	4,958	3,662




5. SHARE CAPITAL	2016	2015
	£	£
Allotted, issued and fully paid:
2 Ordinary shares of £1 each	2	2
	2	2




6. RELATED PARTY TRANSACTIONS
The company was controlled throughout the period by Mr I B Churchill & Mrs S A Churchill.




7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES
At the end of the period, the company was indebted to Mr I B Churchill and Mrs S A Churchill in the sum of £18,567. This amount was unsecured and interest free.