MR & AS CHALLINOR LTD - Accounts to registrar - small 16.3
MR & AS CHALLINOR LTD - Accounts to registrar - small 16.3
| REGISTERED NUMBER: |
| FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 JULY 2016 |
| FOR |
| MR & AS CHALLINOR LTD |
| MR & AS CHALLINOR LTD (Registered number: 04848423) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 JULY 2016 |
| Page |
| Company Information | 1 |
| Statement of Financial Position | 2 |
| Notes to the Financial Statements | 4 |
| Chartered Accountants' Report | 7 |
| MR & AS CHALLINOR LTD |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 31 JULY 2016 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 1 Tape Street |
| Cheadle |
| Stoke On Trent |
| Staffordshire |
| ST10 1BB |
| MR & AS CHALLINOR LTD (Registered number: 04848423) |
| STATEMENT OF FINANCIAL POSITION |
| 31 JULY 2016 |
| 2016 | 2015 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 4 |
| Property, plant and equipment | 5 |
| CURRENT ASSETS |
| Inventories |
| Debtors | 6 |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES |
| NET (LIABILITIES)/ASSETS | ( |
) |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) |
| 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. |
| MR & AS CHALLINOR LTD (Registered number: 04848423) |
| STATEMENT OF FINANCIAL POSITION - continued |
| 31 JULY 2016 |
| In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered. |
| The financial statements were approved by the Board of Directors on by: |
| MR & AS CHALLINOR LTD (Registered number: 04848423) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 JULY 2016 |
| 1. | STATUTORY INFORMATION |
| MR & AS CHALLINOR LTD is a |
| company's registered number and registered office address can be found on the Company Information page. |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| There were no material departures from that standard. |
| These financial statements for the year ended 31st July 2016 are the first financial statements that comply with |
| FRS 102 Section 1A small entities. The date of transition is 1st August 2014. |
| The transition to FRS 102 Section 1A small entities has not resulted in any material changes in accounting |
| policies to those previously used. |
| The financial statements have been prepared on a going concern basis which assumes that the Company will |
| continue in operational existence for the foreseeable future. |
| Turnover |
| Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, |
| value added tax and other sales taxes. |
| Goodwill |
| Tangible fixed assets |
| Equipment | - |
| Motor vehicles | - |
| Stocks |
| Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and |
| slow moving items. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| MR & AS CHALLINOR LTD (Registered number: 04848423) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 JULY 2016 |
| 4. | INTANGIBLE FIXED ASSETS |
| Patents |
| and |
| Goodwill | licences | Totals |
| £ | £ | £ |
| COST |
| At 1 August 2015 |
| and 31 July 2016 |
| AMORTISATION |
| At 1 August 2015 |
| Amortisation for year |
| At 31 July 2016 |
| NET BOOK VALUE |
| At 31 July 2016 |
| At 31 July 2015 |
| 5. | PROPERTY, PLANT AND EQUIPMENT |
| Motor |
| Equipment | vehicles | Totals |
| £ | £ | £ |
| COST |
| At 1 August 2015 |
| Additions |
| Disposals | ( |
) | ( |
) |
| At 31 July 2016 |
| DEPRECIATION |
| At 1 August 2015 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) |
| At 31 July 2016 |
| NET BOOK VALUE |
| At 31 July 2016 |
| At 31 July 2015 |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2016 | 2015 |
| £ | £ |
| Debtors and Prepayments |
| MR & AS CHALLINOR LTD (Registered number: 04848423) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 JULY 2016 |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2016 | 2015 |
| £ | £ |
| Bank loans and overdrafts |
| Hire purchase contracts |
| Tax |
| Social security and other taxes |
| VAT | 469 | - |
| Directors' current accounts | 31,250 | 29,418 |
| Creditors and Accruals |
| CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS |
| ON THE UNAUDITED FINANCIAL STATEMENTS OF |
| MR & AS CHALLINOR LTD |
| The following reproduces the text of the report prepared for the directors and members in respect of the |
| company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is |
| only required to file a Statement of Financial Position. Readers are cautioned that the Statement of |
| Comprehensive Income and certain other primary statements and the Report of the Directors are not required to |
| be filed with the Registrar of Companies. |
| In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the |
| financial statements of MR & AS CHALLINOR LTD for the year ended 31 July 2016 which comprise the Statement of |
| Comprehensive Income, Statement of Financial Position, 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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance. |
| This report is made solely to the Board of Directors of MR & AS CHALLINOR LTD, 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 MR & AS CHALLINOR LTD and state those matters that we have agreed to state to the Board of Directors of MR & AS CHALLINOR LTD, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than MR & AS CHALLINOR LTD Board of Directors, as a body, for our work or for this report. |
| It is your duty to ensure that MR & AS CHALLINOR LTD 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 MR & AS CHALLINOR LTD. You consider that MR & AS CHALLINOR LTD 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 MR & AS CHALLINOR LTD. 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. |
| 1 Tape Street |
| Cheadle |
| Stoke On Trent |
| Staffordshire |
| ST10 1BB |