HIGHLEA_(CHALLOCK)_LIMITE - Accounts

HIGHLEA (CHALLOCK) LTD - Company Information

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Company Registration No. 5826995 (England and Wales)

HIGHLEA (CHALLOCK) LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2016

HIGHLEA (CHALLOCK) LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

HIGHLEA (CHALLOCK) LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MAY 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

12,463

24,290

Current assets

Debtors

223,997

235,836

Cash at bank and in hand

99,357

323,354

235,836

Creditors: amounts falling due within one year

(208,668)

(177,384)

Net current assets

114,686

58,452

Total assets less current liabilities

127,149

82,742

Provisions for liabilities

(4,602)

122,547

78,140

Capital and reserves

Called up share capital

100

Profit and loss account

122,447

78,040

Shareholders' funds

122,547

78,140

For the financial year ended 31 May 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board and authorised for issue on 6 September 2016

Mr B Golding

Director

Company Registration No. 5826995

HIGHLEA (CHALLOCK) LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MAY 2016

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention.

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Fixtures, fittings & equipment

Motor vehicles

1.5

Leasing and hire purchase commitments

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible assets and depreciated over the shorter of the lease term and their useful lives. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

1.6

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

HIGHLEA (CHALLOCK) LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MAY 2016

- 3 -

Fixed assets

Tangible assets

Cost

At 1 June 2015

60,439

Additions

7,551

Disposals

(35,825)

At 31 May 2016

32,165

Depreciation

At 1 June 2015

36,148

On disposals

(20,600)

Charge for the year

4,154

At 31 May 2016

19,702

Net book value

At 31 May 2016

12,463

At 31 May 2015

24,290

Share capital

2016

2015

Allotted, called up and fully paid

100 Ordinary of £1 each

100