Company Registration No. 00547700 (England and Wales)
THE CHROME-ALLOYING CO LIMITED
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2016
Richard Anthony
Chartered Accountants
THE CHROME-ALLOYING CO LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
THE CHROME-ALLOYING CO LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 MARCH 2016
31 March 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
1,502,493
1,502,493
Investments
2
350,000
350,000
1,852,493
1,852,493
Current assets
Debtors
58,968
232
Cash at bank and in hand
641,278
629,800
700,246
630,032
Creditors: amounts falling due within one year
(87,891)
(51,687)
Net current assets
612,355
578,345
Total assets less current liabilities
2,464,848
2,430,838
Creditors: amounts falling due after more than one year
(105,000)
(105,000)
2,359,848
2,325,838
Capital and reserves
Called up share capital
3
95,076
95,076
Profit and loss account
2,264,772
2,230,762
Shareholders' funds
2,359,848
2,325,838
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 18 November 2016
C Wick Esq
Director
Company Registration No. 00547700
THE CHROME-ALLOYING CO LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2016
- 2 -
1
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
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:
1.5
Investments
Fixed asset investments are stated at cost less provision for diminution in value.
2
Fixed assets
Tangible assets
Investments
Total
£
£
£
Cost
At 1 April 2015 & at 31 March 2016
1,502,493
350,000
1,852,493
At 31 March 2015
1,502,493
350,000
1,852,493
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
95,076 Ordinary shares of £1 each
95,076
95,076
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