CHANDLERS_(LIVERPOOL)_LIM - Accounts

CHANDLERS (LIVERPOOL) LIMITED - Company Information

Print Friendly Version

Company Registration No. 3600082 (England and Wales)

CHANDLERS (LIVERPOOL) LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2015

CHANDLERS (LIVERPOOL) LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

CHANDLERS (LIVERPOOL) LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 DECEMBER 2015

- 1 -

2015

2014

Notes

Fixed assets

Intangible assets

Tangible assets

10,558

12,421

10,559

12,422

Current assets

Stocks

88,823

119,848

Cash at bank and in hand

39,448

13,863

128,271

133,711

Creditors: amounts falling due within one year

(168,988)

(160,503)

Net current liabilities

(40,717)

(26,792)

Total assets less current liabilities

(30,158)

(14,370)

Capital and reserves

Called up share capital

Profit and loss account

(30,160)

(14,372)

Shareholders' funds

(30,158)

(14,370)

For the financial year ended 31 December 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board and authorised for issue on 5 September 2016

Mr Michael Saville

Director

Company Registration No. 3600082

CHANDLERS (LIVERPOOL) LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2015

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention.

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Goodwill

Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.

1.5

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Plant and machinery

1.6

Leasing

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

1.7

Stock

Stock is valued at the lower of cost and net realisable value.

1.8

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

CHANDLERS (LIVERPOOL) LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2015

- 3 -

Fixed assets

Intangible assets

Tangible assets

Total

Cost

At 1 January 2015 & at 31 December 2015

22,050

74,353

96,403

Depreciation

At 1 January 2015

22,049

61,932

83,981

Charge for the year

1,863

At 31 December 2015

22,049

63,795

85,844

Net book value

At 31 December 2015

10,558

10,559

At 31 December 2014

12,421

12,422

Share capital

2015

2014

Allotted, called up and fully paid

2 ord of £1 each