Alex J Cheetham Limited - Abbreviated accounts 16.3
Alex J Cheetham Limited - Abbreviated accounts 16.3
| REGISTERED NUMBER: |
| ABBREVIATED UNAUDITED ACCOUNTS |
| FOR THE YEAR ENDED 31ST MARCH 2016 |
| FOR |
| ALEX J CHEETHAM LIMITED |
| ALEX J CHEETHAM LIMITED (REGISTERED NUMBER: 00403641) |
| CONTENTS OF THE ABBREVIATED ACCOUNTS |
| FOR THE YEAR ENDED 31ST MARCH 2016 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 | to | 3 |
| Notes to the Abbreviated Accounts | 4 | to | 6 |
| ALEX J CHEETHAM LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 31ST MARCH 2016 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| ALEX J CHEETHAM LIMITED (REGISTERED NUMBER: 00403641) |
| ABBREVIATED BALANCE SHEET |
| 31ST MARCH 2016 |
| 2016 | 2015 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 2 |
| Tangible assets | 3 |
| CURRENT ASSETS |
| Stocks |
| Debtors |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 4 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 5 |
| Other reserves |
| Profit and loss account |
| 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. |
| ALEX J CHEETHAM LIMITED (REGISTERED NUMBER: 00403641) |
| ABBREVIATED BALANCE SHEET - continued |
| 31ST MARCH 2016 |
| The financial statements were approved by the Board of Directors on by: |
| J Cheetham - Director | Mrs A J Sharples - Director |
| M Cheetham - Director |
| ALEX J CHEETHAM LIMITED (REGISTERED NUMBER: 00403641) |
| NOTES TO THE ABBREVIATED ACCOUNTS |
| FOR THE YEAR ENDED 31ST MARCH 2016 |
| 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 the total amount receivable by the company for goods supplied and services provided, |
| excluding value added tax and trade discounts. |
| Goodwill |
| Tangible fixed assets |
| Improvements to property | - |
| Plant & machinery | - |
| Motor vehicles | - |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow |
| moving items. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
| sheet date. |
| Foreign currencies |
| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the |
| balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at |
| the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
| Hire purchase and leasing commitments |
| Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held |
| under hire purchase contracts are depreciated over their estimated lives. Those held under finance leases are |
| depreciated over their useful estimated lives or the lease term, whichever is the shorter. |
| The interest element of these obligations is charged to the profit and loss account over the relevant period. The |
| capital element of the future payments is treated as a liability. |
| The rental costs in respect of operating leases are charged as an expense in the profit and loss account. |
| Pension costs and other post-retirement benefits |
| The company operates a defined contribution pension scheme for the benefit of the staff. |
| Debt factoring |
| The company factors its sales invoices and due to the nature of the factoring contract shows its gross debts as a |
| current asset and its liability to the factoring agent as a current liability. Expenses and interest charged by the |
| factoring agent are charged to the profit and loss account. |
| ALEX J CHEETHAM LIMITED (REGISTERED NUMBER: 00403641) |
| NOTES TO THE ABBREVIATED ACCOUNTS - continued |
| FOR THE YEAR ENDED 31ST MARCH 2016 |
| 2. | INTANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1st April 2015 |
| and 31st March 2016 |
| AMORTISATION |
| At 1st April 2015 |
| Amortisation for year |
| At 31st March 2016 |
| NET BOOK VALUE |
| At 31st March 2016 |
| At 31st March 2015 |
| 3. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1st April 2015 |
| Additions |
| At 31st March 2016 |
| DEPRECIATION |
| At 1st April 2015 |
| Charge for year |
| At 31st March 2016 |
| NET BOOK VALUE |
| At 31st March 2016 |
| At 31st March 2015 |
| 4. | CREDITORS |
| Creditors include the following amounts of secured liabilities: |
| 2016 | 2015 |
| £ | £ |
| Creditors falling due within one year | 49,393 | - |
| 49,393 | - |
| ALEX J CHEETHAM LIMITED (REGISTERED NUMBER: 00403641) |
| NOTES TO THE ABBREVIATED ACCOUNTS - continued |
| FOR THE YEAR ENDED 31ST MARCH 2016 |
| 5. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2016 | 2015 |
| value: | £ | £ |
| Ordinary | £1 |