CHURCHILL_HUI_LIMITED - Accounts

CHURCHILL HUI LIMITED - Company Information

Print Friendly Version

Company Registration No. 07829078 (England and Wales)

CHURCHILL HUI LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

CHURCHILL HUI LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

CHURCHILL HUI LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2016

- 1 -

2016

2015

Notes

Fixed assets

Intangible assets

120,000

180,000

Tangible assets

102,093

26,840

222,093

206,840

Current assets

Stocks

47,125

4,500

Debtors

794,580

598,058

Cash at bank and in hand

398,339

439,649

1,240,044

1,042,207

Creditors: amounts falling due within one year

(228,405)

(216,464)

Net current assets

1,011,639

825,743

Total assets less current liabilities

1,233,732

1,032,583

Capital and reserves

Called up share capital

Profit and loss account

1,233,725

1,032,576

Shareholders' funds

1,233,732

1,032,583

For the financial year ended 31 March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 30 September 2016

Mr N Manley

Director

Company Registration No. 07829078

CHURCHILL HUI LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Goodwill

Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.

1.5

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Land and buildings Leasehold

10% on cost

Computer equipment

33% on original cost

Fixtures, fittings & equipment

25% on reducing balance

Motor vehicles

25% on reducing balance

Fixed assets

Intangible assets

Tangible assets

Total

Cost

At 1 April 2015

300,000

54,166

354,166

Additions

104,009

Disposals

(246)

At 31 March 2016

300,000

157,929

457,929

Depreciation

At 1 April 2015

120,000

27,326

147,326

On disposals

(61)

Charge for the year

60,000

28,571

88,571

At 31 March 2016

180,000

55,836

235,836

Net book value

At 31 March 2016

120,000

102,093

222,093

At 31 March 2015

180,000

26,840

206,840

CHURCHILL HUI LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2016

- 3 -

Share capital

2016

2015

Allotted, called up and fully paid

2 Ordinary A shares of £1 each

2 Ordinary B shares of £1 each

1 Ordinary C share of £1 each

2 Ordinary D shares of £1 each