Abbreviated Company Accounts - CHELFORD LIMITED

Abbreviated Company Accounts - CHELFORD LIMITED

CHELFORD LIMITED - Company Information

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Registered Number 03125172

CHELFORD LIMITED

Abbreviated Accounts

31 December 2015

CHELFORD LIMITED Registered Number 03125172

Abbreviated Balance Sheet as at 31 December 2015

Notes 2015 2014
£ £
Fixed assets
Tangible assets 2 26,662 21,138
26,662 21,138
Current assets
Stocks 120,366 158,306
Debtors 377,917 269,458
Cash at bank and in hand 111,824 93,602
610,107 521,366
Creditors: amounts falling due within one year (554,981) (534,547)
Net current assets (liabilities) 55,126 (13,181)
Total assets less current liabilities 81,788 7,957
Total net assets (liabilities) 81,788 7,957
Capital and reserves
Called up share capital 30,250 30,250
Profit and loss account 51,538 (22,293)
Shareholders' funds 81,788 7,957
  • 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 30 September 2016

And signed on their behalf by:
J COPE, Director

CHELFORD LIMITED Registered Number 03125172

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.

Turnover policy
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Plant & Machinery depreciated at 20% reducing balance

2Tangible fixed assets
£
Cost
At 1 January 2015 220,432
Additions 14,501
Disposals -
Revaluations -
Transfers -
At 31 December 2015 234,933
Depreciation
At 1 January 2015 199,294
Charge for the year 8,977
On disposals -
At 31 December 2015 208,271
Net book values
At 31 December 2015 26,662
At 31 December 2014 21,138