Chana Bros Ltd. - Abbreviated accounts 16.1

REGISTERED NUMBER: 03551226 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 December 2015

for

Chana Bros Ltd.

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

B S Chana

A S Chana

P S Chana

R S Chana

Ms S Chana

REGISTERED OFFICE:

88 High Road

Chigwell

Essex

IG7 6PJ

REGISTERED NUMBER:

03551226 (England and Wales)

ACCOUNTANTS:

Cheema & Co

26 Plashet Grove

East Ham

London

E6 1AE

FIXED ASSETS

Tangible assets

2

480,619

485,034

CURRENT ASSETS

Debtors

1,195

-

Cash at bank

81,202

72,184

82,397

72,184

CREDITORS

Amounts falling due within one year

225,764

230,209

NET CURRENT LIABILITIES

(143,367

)

(158,025

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

337,252

327,009

CAPITAL AND RESERVES

Called up share capital

3

600

Profit and loss account

336,652

326,409

SHAREHOLDERS' FUNDS

337,252

327,009

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 directors acknowledge their 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 Board of Directors on 26 September 2016 and were signed on its behalf
by:

A S Chana - Director

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).

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 etc

-

15% on reducing balance

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2015

and 31 December 2015

623,067

DEPRECIATION

At 1 January 2015

138,033

Charge for year

4,415

At 31 December 2015

142,448

NET BOOK VALUE

At 31 December 2015

480,619

At 31 December 2014

485,034

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.15

31.12.14

value:

£

600

Ordinary

1

600