Ian Churcher Ltd - Abbreviated accounts 16.1

Ian Churcher Ltd - Abbreviated accounts 16.1

IAN CHURCHER LTD - Company Information

Print Friendly Version

04935096 1.1.15 31.12.15 31.12.15 Company accounts Private Limited Company FY true false true false false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure049350962014-12-31049350962015-12-31049350962015-01-012015-12-31049350962013-12-31049350962014-01-012014-12-31049350962014-12-3104935096ns12:England2015-01-012015-12-3104935096ns14:PoundSterling2015-01-012015-12-3104935096ns7:Director12015-01-012015-12-3104935096ns7:OrdinaryShareClass12015-01-012015-12-3104935096ns7:CompanySecretary2015-01-012015-12-3104935096ns7:RegisteredOffice2015-01-012015-12-3104935096ns7:EntityAccountantsOrAuditors2015-01-012015-12-3104935096ns5:PlantMachinery2015-01-012015-12-3104935096ns7:OrdinaryShareClass12015-12-3104935096ns7:OrdinaryShareClass12014-12-31
REGISTERED NUMBER: 04935096 (England and Wales)















Abbreviated Unaudited Accounts for the Year Ended 31 December 2015

for

Ian Churcher Ltd

Ian Churcher Ltd (Registered number: 04935096)






Contents of the Abbreviated Accounts
for the Year Ended 31 December 2015




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

Ian Churcher Ltd

Company Information
for the Year Ended 31 December 2015







DIRECTOR: I Churcher





SECRETARY: Mrs C J Churcher





REGISTERED OFFICE: 1A Berkeley Court
Berkekely Vale
Falmouth
Cornwall
TR11 3PB





REGISTERED NUMBER: 04935096 (England and Wales)





ACCOUNTANTS: Harland Accountants
1a Berkeley Court, Berkeley Vale
Falmouth
Cornwall
TR11 3PB
Page 1
Ian Churcher Ltd (Registered number: 04935096)

Abbreviated Balance Sheet
31 December 2015

2015 2014
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 3,500 3,750
Tangible assets 3 100 134
3,600 3,884

CURRENT ASSETS
Stocks 225 220
Cash at bank 11,720 5,556
11,945 5,776
CREDITORS
Amounts falling due within one
year
14,097
8,160
NET CURRENT LIABILITIES (2,152 ) (2,384 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
1,448
1,500

CAPITAL AND RESERVES
Called up share capital 4 100 100
Profit and loss account 1,348 1,400
SHAREHOLDERS' FUNDS 1,448 1,500

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2015 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 2 continued...
Ian Churcher Ltd (Registered number: 04935096)

Abbreviated Balance Sheet - continued
31 December 2015


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 20 September 2016 and were signed
by:





I Churcher - Director


The notes form part of these abbreviated accounts

Page 3
Ian Churcher Ltd (Registered number: 04935096)

Notes to the Abbreviated Accounts
for the Year Ended 31 December 2015

1. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared on a going concern basis which assumes
that the company will continue in existence for the foreseeable future. The validity of this
assumption depends upon the continuing support of the director who has loaned the
company money. The director has confirmed that he will continue to support the
company and will not request repayment of his loan unless the company has funds
available to meet this request.

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, except in
respect of service contracts where turnover is recognised when the company obtains the
right to consideration.

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 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 - 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the profit and loss account on a
straight line basis over the period of the lease.

2. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 January 2015
and 31 December 2015 5,000
AMORTISATION
At 1 January 2015 1,250
Amortisation for year 250
At 31 December 2015 1,500
NET BOOK VALUE

At 31 December 2015 3,500
At 31 December 2014 3,750

Page 4 continued...
Ian Churcher Ltd (Registered number: 04935096)

Notes to the Abbreviated Accounts - continued
for the Year Ended 31 December 2015

3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 January 2015
and 31 December 2015 1,520
DEPRECIATION
At 1 January 2015 1,386
Charge for year 34
At 31 December 2015 1,420
NET BOOK VALUE
At 31 December 2015 100
At 31 December 2014 134

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2015 2014
value: £    £   
100 Ordinary £1 100 100

Page 5