Chas D. Allflatt Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 00508129 (England and Wales)

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

FOR

CHAS D. ALLFLATT LIMITED

Page

Company Information

1

Chartered Accountants' Report

2

Abbreviated Balance Sheet

3

Notes to the Abbreviated Accounts

5

DIRECTORS:

Mr A K Allflatt

Mr R K Allflatt

Mr A J Williamson

SECRETARY:

Mr R K Allflatt

REGISTERED OFFICE:

The Old Stables

29A South Everard Street

Kings Lynn

Norfolk

PE30 5HJ

REGISTERED NUMBER:

00508129 (England and Wales)

ACCOUNTANTS:

Berry & Warren Ltd

Chartered Accountants

54 Thorpe Road

Norwich

Norfolk

NR1 1RY

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 three to seven)

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 Chas D. Allflatt Limited for the year ended 31 March 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 Chas D. Allflatt 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 Chas D. Allflatt Limited and state those matters that we have agreed to state to the Board of Directors of Chas D. Allflatt 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 Chas D. Allflatt 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 profit of Chas D. Allflatt Limited. You consider that Chas D. Allflatt 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 Chas D. Allflatt 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.

Berry & Warren Ltd

Chartered Accountants

54 Thorpe Road

Norwich

Norfolk

NR1 1RY

23 September 2016

FIXED ASSETS

Tangible assets

2

61,093

74,113

Investment property

3

116,257

177,350

190,370

CURRENT ASSETS

Stocks

532,491

438,311

Debtors

239,044

278,935

Cash at bank and in hand

1,260

3,100

772,795

720,346

CREDITORS

Amounts falling due within one year

4

634,388

618,726

NET CURRENT ASSETS

138,407

101,620

TOTAL ASSETS LESS CURRENT
LIABILITIES

315,757

291,990

CREDITORS

Amounts falling due after more than one year

4

23,841

28,422

NET ASSETS

291,916

263,568

CAPITAL AND RESERVES

Called up share capital

5

10,000

Profit and loss account

281,916

253,568

SHAREHOLDERS' FUNDS

291,916

263,568

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 23 September 2016 and were signed on its behalf
by:

Mr A K Allflatt - 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 the value of work carried out and invoiced in the period, excluding value added tax.

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.

Plant and machinery etc

-

31.25% on reducing balance, 18.75% on reducing balance and 2.5% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in

market value is transferred to a revaluation reserve.

Stocks

Stock is valued at the lower of cost or net realisable value.

Work in progress is valued at sales value based on the stage of completion less expected losses on contracts

where applicable.

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.

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

158,219

Additions

2,610

Disposals

(4,600

)

At 31 March 2016

156,229

DEPRECIATION

At 1 April 2015

84,106

Charge for year

14,630

Eliminated on disposal

(3,600

)

At 31 March 2016

95,136

NET BOOK VALUE

At 31 March 2016

61,093

At 31 March 2015

74,113

3.	INVESTMENT PROPERTY

Total

£

COST

At 1 April 2015

and 31 March 2016

116,257

NET BOOK VALUE

At 31 March 2016

116,257

At 31 March 2015

116,257

4.

CREDITORS

Creditors include an amount of £ 338,010 (2015 - £ 296,970 ) for which security has been given.

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

10,000

Ordinary

£1

10,000

6.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 31 March 2016 and the period

ended 31 March 2015:

2016

2015

£

Mr A K Allflatt

Balance outstanding at start of year

17,248

-

Amounts advanced

-

17,248

Amounts repaid

(17,248

)

-

Balance outstanding at end of year

-

17,248