Philip Chapper and Company Limited - Abbreviated accounts

PHILIP CHAPPER & COMPANY LIMITED - Company Information

Registered number

01001273

Philip Chapper and Company Limited

Abbreviated Accounts

30 April 2016

Philip Chapper and Company Limited
Registered number:		01001273
Abbreviated Balance Sheet
as at 30 April 2016

Notes			2016			2015
£				£
Fixed assets
Tangible assets	2		39,818			37,502

Current assets
Stocks		430,820			107,594
Debtors		625,841			624,403
Cash at bank and in hand		1,033,087			1,383,267
		2,089,748			2,115,264

Creditors: amounts falling due within one year		(1,008,836)			(1,092,849)

Net current assets			1,080,912			1,022,415

Net assets			1,120,730			1,059,917

Capital and reserves
Called up share capital	3		5,000			5,000
Profit and loss account			1,115,730			1,054,917

Shareholders' funds			1,120,730			1,059,917

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
Members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.



Mr P B Chapper
Director
Approved by the board on 4 January 2017

Philip Chapper and Company Limited
Notes to the Abbreviated Accounts
for the year ended 30 April 2016

1	Accounting policies

	Basis of preparation
	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
	Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

	Depreciation
	Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

	Plant and machinery			20% reducing balance
	Motor vehicles			25% reducing balance

	Stocks
	Stock is valued at the lower of cost and net realisable value.

	Foreign currencies
	Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the balance sheet date. All differences are taken to the profit and loss account.

	Pensions
	The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.


2	Tangible fixed assets					£

	Cost
	At 1 May 2015					233,938
	Additions					12,868
	At 30 April 2016					246,806

	Depreciation
	At 1 May 2015					196,436
	Charge for the year					10,552
	At 30 April 2016					206,988

	Net book value
	At 30 April 2016					39,818
	At 30 April 2015					37,502




3	Share capital	Nominal		2016		2016		2015
value			Number		£		£
	Allotted, called up and fully paid:
	Ordinary shares	£1 each		5,000		5,000		5,000