SJ Chesterfield Ltd - Abbreviated accounts 16.1

REGISTERED NUMBER: SC260028 (Scotland)

Abbreviated Accounts for the Year Ended 31 March 2016

for

SJ CHESTERFIELD LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

S J Chesterfield

A C Chesterfield

REGISTERED OFFICE:

Traill Drive

Montrose

Angus

DD10 8SW

REGISTERED NUMBER:

SC260028 (Scotland)

ACCOUNTANTS:

Account Tax Ltd

Chartered Certified Accountants

Traill Drive

Montrose

Angus

DD10 8SW

FIXED ASSETS

Tangible assets

2

19,322

17,994

CURRENT ASSETS

Stocks

5,666

Debtors

263

40,890

Cash at bank and in hand

188,046

144,507

193,975

191,063

CREDITORS

Amounts falling due within one year

32,928

36,381

NET CURRENT ASSETS

161,047

154,682

TOTAL ASSETS LESS CURRENT
LIABILITIES

180,369

172,676

CAPITAL AND RESERVES

Called up share capital

3

4

Profit and loss account

180,365

172,672

SHAREHOLDERS' FUNDS

180,369

172,676

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 10 November 2016 and were signed on
its behalf by:

S J Chesterfield - 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.

Tangible fixed assets

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

Plant and machinery

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Work in progress

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

obsolete and slow moving stock.

Deferred tax

Deferred tax due to timing differences is immaterial and therefore not recognised.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

21,375

Additions

1,760

Disposals

(485

)

At 31 March 2016

22,650

DEPRECIATION

At 1 April 2015

3,381

Charge for year

432

Eliminated on disposal

(485

)

At 31 March 2016

3,328

NET BOOK VALUE

At 31 March 2016

19,322

At 31 March 2015

17,994

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

4

Ordinary

£1

4