Chaucer Garage Equipment Limited - Abbreviated accounts 16.1

Chaucer Garage Equipment Limited - Abbreviated accounts 16.1

CHAUCER GARAGE EQUIPMENT LIMITED - Company Information

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REGISTERED NUMBER: 04631968 (England and Wales)















CHAUCER GARAGE EQUIPMENT LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 29 FEBRUARY 2016






CHAUCER GARAGE EQUIPMENT LIMITED (REGISTERED NUMBER: 04631968)






CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 29 FEBRUARY 2016




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

CHAUCER GARAGE EQUIPMENT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2016







DIRECTOR: Mr B Cox





SECRETARY: Mrs B A Cox





REGISTERED OFFICE: 424 Margate Road
Westwood
Ramsgate
Kent
CT12 6SJ





REGISTERED NUMBER: 04631968 (England and Wales)





ACCOUNTANTS: Spurling Cannon
Chartered Certified Accountants
424 Margate Road
Westwood
Ramsgate
Kent
CT12 6SJ
Page 1
CHAUCER GARAGE EQUIPMENT LIMITED (REGISTERED NUMBER: 04631968)

ABBREVIATED BALANCE SHEET
29 FEBRUARY 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 - -
Tangible assets 3 4,385 5,817
4,385 5,817

CURRENT ASSETS
Stocks 900 850
Debtors 24,645 30,284
Cash at bank 55,520 40,760
81,065 71,894
CREDITORS
Amounts falling due within one year 17,411 18,063
NET CURRENT ASSETS 63,654 53,831
TOTAL ASSETS LESS CURRENT
LIABILITIES
68,039
59,648

CAPITAL AND RESERVES
Called up share capital 4 100 100
Profit and loss account 67,939 59,548
SHAREHOLDERS' FUNDS 68,039 59,648

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2016 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 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 14 September 2016 and were signed by:




Mr B Cox - Director


The notes form part of these abbreviated accounts

Page 2
CHAUCER GARAGE EQUIPMENT LIMITED (REGISTERED NUMBER: 04631968)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 29 FEBRUARY 2016

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 January 2015).

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 2003, is being amortised evenly over its estimated useful life of ten 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 - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

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

2. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 March 2015
and 29 February 2016 30,000
AMORTISATION
At 1 March 2015
and 29 February 2016 30,000
NET BOOK VALUE

At 29 February 2016 -
At 28 February 2015 -

Page 3 continued...
CHAUCER GARAGE EQUIPMENT LIMITED (REGISTERED NUMBER: 04631968)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2016

3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 March 2015
and 29 February 2016 69,064
DEPRECIATION
At 1 March 2015 63,247
Charge for year 1,432
At 29 February 2016 64,679
NET BOOK VALUE
At 29 February 2016 4,385
At 28 February 2015 5,817

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2016 2015
value: £    £   
100 Ordinary £1 100 100

Page 4