Abbreviated Company Accounts - CHRIS LEE'S PERFORMANCE & PRESTIGE LIMITED

CHRIS LEE'S RR&B LIMITED - Company Information

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Registered Number 05964316

CHRIS LEE'S PERFORMANCE & PRESTIGE LIMITED

Abbreviated Accounts

31 December 2015

CHRIS LEE'S PERFORMANCE & PRESTIGE LIMITED Registered Number 05964316

Abbreviated Balance Sheet as at 31 December 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	3,065	1,250
		3,065	1,250
Current assets
Stocks		7,450	-
Cash at bank and in hand		3,639	568
		11,089	568
Creditors: amounts falling due within one year		(68,349)	(52,090)
Net current assets (liabilities)		(57,260)	(51,522)
Total assets less current liabilities		(54,195)	(50,272)
Total net assets (liabilities)		(54,195)	(50,272)
Capital and reserves
Called up share capital	3	7,700	7,700
Profit and loss account		(61,895)	(57,972)
Shareholders' funds		(54,195)	(50,272)

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 20 September 2016

And signed on their behalf by:
C J Lee, Director

CHRIS LEE'S PERFORMANCE & PRESTIGE LIMITED Registered Number 05964316

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 comprises the invoice value of services supplied by the company.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible fixed assets, less their estimated residual value, over their expected useful lives as follows:

Fixtures, fittings and equipment - 10% straight line
Motor vehicles - 25% straight line

The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.

2Tangible fixed assets

	£
Cost
At 1 January 2015	5,000
Additions	2,700
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2015	7,700
Depreciation
At 1 January 2015	3,750
Charge for the year	885
On disposals	-
At 31 December 2015	4,635
Net book values
At 31 December 2015	3,065
At 31 December 2014	1,250

3Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
200 A Ordinary shares of £1 each	200	200
7,500 B Ordinary shares of £1 each	7,500	7,500