Abbreviated Company Accounts - S.T.CHALLIS LIMITED

S.T.CHALLIS LIMITED - Company Information

00386896 S.T.CHALLIS LIMITED 2016-03-31 false 2015-04-01 2016-03-31 true 00386896 2015-04-01 2016-03-31 00386896 2016-03-31 00386896 2015-03-31 00386896 uk-gaap-cd-bus:Director1 2015-04-01 2016-03-31 00386896 uk-gaap-cd-bus:Director2 2015-04-01 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-04-01 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-03-31 iso4217:GBP shares

Registered Number 00386896

S.T.CHALLIS LIMITED

Abbreviated Accounts

31 March 2016

S.T.CHALLIS LIMITED Registered Number 00386896

Abbreviated Balance Sheet as at 31 March 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	798,103	905,939
		798,103	905,939
Current assets
Stocks		27,768	35,851
Debtors		460,389	440,464
Cash at bank and in hand		145,536	248
		633,693	476,563
Prepayments and accrued income		-	79,467
Creditors: amounts falling due within one year		(409,534)	(554,293)
Net current assets (liabilities)		224,159	1,737
Total assets less current liabilities		1,022,262	907,676
Creditors: amounts falling due after more than one year		(260,146)	(263,859)
Total net assets (liabilities)		762,116	643,817
Capital and reserves
Called up share capital	3	7,500	7,500
Other reserves		5,000	5,000
Profit and loss account		749,616	631,317
Shareholders' funds		762,116	643,817

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 20 December 2016

And signed on their behalf by:
D J Butt, Director

S.T.CHALLIS LIMITED Registered Number 00386896

Notes to the Abbreviated Accounts for the period ended 31 March 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective January 2015.

Turnover policy
Turnover represents the amounts receivable for goods and services net of VAT.

Tangible assets depreciation policy
Depreciation of fixed assets is provided at the following annual rates calculated to write off the cost less residual value of each asset over its estimated useful life as follows: Motor vehicles between 10% and 14% straight line, Fixtures fittings and equipment 15% reduce balance.

Valuation information and policy
Stocks:
Stocks are valued at the lower of cost and net realisable value.

2Tangible fixed assets

	£
Cost
At 1 April 2015	2,132,159
Additions	58,365
Disposals	(202,394)
Revaluations	-
Transfers	-
At 31 March 2016	1,988,130
Depreciation
At 1 April 2015	1,226,220
Charge for the year	165,803
On disposals	(201,996)
At 31 March 2016	1,190,027
Net book values
At 31 March 2016	798,103
At 31 March 2015	905,939

3Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
7,500 Ordinary shares of £1 each	7,500	7,500