The Chaos (Darlington) Limited - Period Ending 2016-03-31

Registration number: 07880963

The Chaos (Darlington) Limited

Unaudited Abbreviated Accounts
 
for the Year Ended 31 March 2016

J P Walters & Co
67 Duke Street
Darlington
Co Durham
DL3 7SD

The Chaos (Darlington) Limited

Contents

Abbreviated Balance Sheet	1
Notes to the Abbreviated Accounts	2 to 3

The Chaos (Darlington) Limited

(Registration number: 07880963)
Abbreviated Balance Sheet as at 31 March 2016

	Note	2016  £	2015  £
Fixed assets
Intangible assets	2	-	4,500
Tangible assets	2	-	3,176
		-	7,676
Current assets
Stocks		9,500	20,092
Debtors		-	1,750
Cash at bank and in hand		-	2,866
		9,500	24,708
Creditors: Amounts falling due within one year		(66,128)	(72,181)
Net current liabilities		(56,628)	(47,473)
Net liabilities		(56,628)	(39,797)
Capital and reserves
Called up share capital	3	200	200
Profit and loss account		(56,828)	(39,997)
Shareholders deficit		(56,628)	(39,797)

For the year ending 31 March 2016 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 14 December 2016 and signed on its behalf by:

.........................................
Mrs S E Dale
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

The Chaos (Darlington) Limited

Notes to the Abbreviated Accounts

1

Accounting policies

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Goodwill

Positive goodwill is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful economic life. It is reviewed for impairment at the end of the first full financial year following the acquisition and in other periods if events or changes in circumstances indicate that the carrying value may not be recoverable.

Intangible assets

Intangible assets are stated in the balance sheet at cost less accumulated amortisation and impairment. They are amortised on a straight line basis over their estimated useful lives.

Stock

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

2

Fixed assets

	Intangible assets £	Tangible assets £	Total £
Cost
At 1 April 2015	24,500	7,130	31,630
Disposals	(4,500)	(7,130)	(11,630)
At 31 March 2016	20,000	-	20,000
Depreciation
At 1 April 2015	20,000	3,954	23,954
Eliminated on disposals	-	(3,954)	(3,954)
At 31 March 2016	20,000	-	20,000
Net book value
At 31 March 2016	-	-	-
At 31 March 2015	4,500	3,176	7,676

Page 2

The Chaos (Darlington) Limited

Notes to the Abbreviated Accounts

3

Share capital

Allotted, called up and fully paid shares

	2016		2015
	No.	£	No.	£
Ordinary shares of £1 each	200	200	200	200

4

Control

The directors are the controlling party by virtue of their controlling shareholding in the company.

Page 3