Chillingham Wines Limited - Abbreviated accounts 16.1

Chillingham Wines Limited - Abbreviated accounts 16.1

CHILLINGHAM WINES LIMITED - Company Information

Print Friendly Version

08616105 1.9.15 31.8.16 31.8.16 Company accounts Private Limited Company FY true false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure086161052015-08-31086161052016-08-31086161052015-09-012016-08-31086161052014-08-31086161052014-09-012015-08-31086161052015-08-3108616105ns12:England2015-09-012016-08-3108616105ns14:PoundSterling2015-09-012016-08-3108616105ns7:Director12015-09-012016-08-3108616105ns7:OrdinaryShareClass12015-09-012016-08-3108616105ns7:Director22015-09-012016-08-3108616105ns7:CompanySecretary2015-09-012016-08-3108616105ns7:RegisteredOffice2015-09-012016-08-3108616105ns7:EntityAccountantsOrAuditors2015-09-012016-08-3108616105ns5:FixturesFittings2015-09-012016-08-3108616105ns5:MotorVehicles2015-09-012016-08-3108616105ns7:OrdinaryShareClass12016-08-3108616105ns7:OrdinaryShareClass12015-08-31
REGISTERED NUMBER: 08616105 (England and Wales)















Abbreviated Accounts for the Year Ended 31 August 2016

for

Chillingham Wines Limited

Chillingham Wines Limited (Registered number: 08616105)






Contents of the Abbreviated Accounts
for the Year Ended 31 August 2016




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

Chillingham Wines Limited

Company Information
for the Year Ended 31 August 2016







DIRECTORS: Mr Kamran Arif
Mrs Samina Arif





SECRETARY:





REGISTERED OFFICE: 272 Chillingham Road
Heaton
Newcastle
Tyne and Wear
NE6 5LQ





REGISTERED NUMBER: 08616105 (England and Wales)





ACCOUNTANTS: Flannagans - Gateshead
7 Bankside
The Watermark
Gateshead
NE11 9SY
Page 1
Chillingham Wines Limited (Registered number: 08616105)

Abbreviated Balance Sheet
31 August 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 72,100 82,400
Tangible assets 3 4,417 8,056
76,517 90,456

CURRENT ASSETS
Stocks 56,400 39,900
Cash at bank and in hand 13,733 12,550
70,133 52,450
CREDITORS
Amounts falling due within one year 144,876 112,687
NET CURRENT LIABILITIES (74,743 ) (60,237 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
1,774
30,219

CREDITORS
Amounts falling due after more than one year 1,273 16,688
NET ASSETS 501 13,531

The notes form part of these abbreviated accounts

Page 2 continued...
Chillingham Wines Limited (Registered number: 08616105)

Abbreviated Balance Sheet - continued
31 August 2016

2016 2015
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 4 2 2
Profit and loss account 499 13,529
SHAREHOLDERS' FUNDS 501 13,531

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2016 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 13 October 2016 and were signed on its behalf by:





Mr Kamran Arif - Director


The notes form part of these abbreviated accounts

Page 3
Chillingham Wines Limited (Registered number: 08616105)

Notes to the Abbreviated Accounts
for the Year Ended 31 August 2016

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).

Turnover
Turnover represents net invoiced sales of goods, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings - 15% on cost
Motor vehicles - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow
moving items.

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

2. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 September 2015
and 31 August 2016 103,000
AMORTISATION
At 1 September 2015 20,600
Amortisation for year 10,300
At 31 August 2016 30,900
NET BOOK VALUE

At 31 August 2016 72,100
At 31 August 2015 82,400

Page 4 continued...
Chillingham Wines Limited (Registered number: 08616105)

Notes to the Abbreviated Accounts - continued
for the Year Ended 31 August 2016

3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 September 2015
and 31 August 2016 15,332
DEPRECIATION
At 1 September 2015 7,276
Charge for year 3,639
At 31 August 2016 10,915
NET BOOK VALUE
At 31 August 2016 4,417
At 31 August 2015 8,056

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2016 2015
value: £    £   
2 Ordinary £1 2 2

5. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr Kamran Arif.

Mr Kamran Arif, who is the director and 50% shareholder, is the ultimate controlling party.

Page 5