Abbreviated Company Accounts - SCORAH CHEMISTS (CHEADLE) LIMITED

SCORAH CHEMISTS (CHEADLE) LIMITED - Company Information

00723438 SCORAH CHEMISTS (CHEADLE) LIMITED 2015-12-31 false 2015-01-01 2015-12-31 true 00723438 2015-01-01 2015-12-31 00723438 2015-12-31 00723438 2014-12-31 00723438 uk-gaap-cd-bus:Director1 2015-01-01 2015-12-31 00723438 uk-gaap-cd-bus:Director2 2015-01-01 2015-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-01-01 2015-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-12-31 iso4217:GBP shares

Registered Number 00723438

SCORAH CHEMISTS (CHEADLE) LIMITED

Abbreviated Accounts

31 December 2015

SCORAH CHEMISTS (CHEADLE) LIMITED Registered Number 00723438

Abbreviated Balance Sheet as at 31 December 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	87,769	86,253
Investments	3	150,000	150,000
		237,769	236,253
Current assets
Stocks		68,646	67,134
Debtors		137,989	128,937
Cash at bank and in hand		773,055	842,914
		979,690	1,038,985
Creditors: amounts falling due within one year		(142,381)	(185,723)
Net current assets (liabilities)		837,309	853,262
Total assets less current liabilities		1,075,078	1,089,515
Total net assets (liabilities)		1,075,078	1,089,515
Capital and reserves
Called up share capital	4	500	500
Profit and loss account		1,074,578	1,089,015
Shareholders' funds		1,075,078	1,089,515

For the year ending 31 December 2015 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 14 September 2016

And signed on their behalf by:
DL Scorah, Director

SCORAH CHEMISTS (CHEADLE) LIMITED Registered Number 00723438

Notes to the Abbreviated Accounts for the period ended 31 December 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold property - 2% straight line
Motor vehicles - 25% reducing balance
Fixtures & fittings - 15% reducing balance
Computer equipment - 33% reducing balance

Other accounting policies
Investments
Investments held as fixed assets are shown at cost less provision for impairment.

Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for
obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of
fixed and variable overheads.

2Tangible fixed assets

	£
Cost
At 1 January 2015	190,886
Additions	9,822
Disposals	(7,528)
Revaluations	-
Transfers	-
At 31 December 2015	193,180
Depreciation
At 1 January 2015	104,633
Charge for the year	7,653
On disposals	(6,875)
At 31 December 2015	105,411
Net book values
At 31 December 2015	87,769
At 31 December 2014	86,253

3Fixed assets Investments
Subsidiary undertakings
The following were subsidiary undertakings of the company:

Scorah Property Developments Limited - 100% Ordinary shares owned

The aggregate of the share capital and reserves as at 30 September 2015 and of the profit or loss for the year ended on that date for the subsidiary undertakings were as follows:
Aggregate of share capital and reserves - £134,009
Profit for the year - £2,220

4Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
500 Ordinary shares of £1 each	500	500