Cheshire Fish Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 03310197 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 APRIL 2016

FOR

CHESHIRE FISH LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

Chartered Accountants' Report

6

DIRECTORS:

I Mayo

A Wood

SECRETARY:

A Wood

REGISTERED OFFICE:

4 Roe Street

Macclesfield

Cheshire

SK11 6UT

REGISTERED NUMBER:

03310197 (England and Wales)

ACCOUNTANTS:

A. Allen & Son Limited

Chartered Accountants

45 Union Road

New Mills

High Peak

SK22 3EL

FIXED ASSETS

Intangible assets

2

1,469

3,419

Tangible assets

3

9,897

4,954

11,366

8,373

CURRENT ASSETS

Stocks

2,172

5,424

Debtors

4,528

4,306

Cash at bank and in hand

14,545

1,360

21,245

11,090

CREDITORS

Amounts falling due within one year

4

44,332

32,758

NET CURRENT LIABILITIES

(23,087

)

(21,668

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(11,721

)

(13,295

)

CREDITORS

Amounts falling due after more than one
year

4

9,127

-

NET LIABILITIES

(20,848

)

(13,295

)

CAPITAL AND RESERVES

Called up share capital

5

1,000

Profit and loss account

(21,848

)

(14,295

)

SHAREHOLDERS' FUNDS

(20,848

)

(13,295

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 25 October 2016 and were signed on its behalf by:

I Mayo - Director

A Wood - 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).

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 1997, is being amortised evenly over its estimated useful life of twenty years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Short leasehold

-

33% on cost

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Stocks

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

moving items.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The

capital element of the future payments is treated as a liability.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2015

and 30 April 2016

39,000

AMORTISATION

At 1 May 2015

35,581

Amortisation for year

1,950

At 30 April 2016

37,531

NET BOOK VALUE

At 30 April 2016

1,469

At 30 April 2015

3,419

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2015

44,203

Additions

11,516

Disposals

(15,675

)

At 30 April 2016

40,044

DEPRECIATION

At 1 May 2015

39,249

Charge for year

3,196

Eliminated on disposal

(12,298

)

At 30 April 2016

30,147

NET BOOK VALUE

At 30 April 2016

9,897

At 30 April 2015

4,954

4.

CREDITORS

Creditors include an amount of £ 11,158 (30/4/15 - £ 738 ) for which security has been given.

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30/4/16

30/4/15

value:

£

1,000

Ordinary

£1

1,000

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to five)

have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Cheshire Fish Limited for the year ended 30 April 2016 which comprise the Profit and Loss

Account, the Balance Sheet and the related notes from the company's accounting records and from information and

explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Cheshire Fish Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Cheshire Fish Limited and state those matters that we have agreed to state to the Board of Directors of Cheshire Fish Limited, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Cheshire Fish Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Cheshire Fish Limited. You consider that Cheshire Fish Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Cheshire Fish Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

A. Allen & Son Limited

Chartered Accountants

45 Union Road

New Mills

High Peak

SK22 3EL

25 October 2016