ACCOUNTS - Final Accounts preparation


08764072 P S CHAUDHARI LIMITED 2015-05-01 2016-04-30 false true 2016-04-30 08764072 2015-05-01 2016-04-30 08764072 2016-04-30 08764072 2015-04-30 08764072 c:OrdinaryShareClass1 2016-04-30 08764072 c:OrdinaryShareClass1 2015-04-30 08764072 c:OrdinaryShareClass1 2015-05-01 2016-04-30 08764072 c:Director1 2015-05-01 2016-04-30 iso4217:GBP xbrli:shares
Registered number: 08764072










P S CHAUDHARI LIMITED
UNAUDITED
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 APRIL 2016




































 
P S CHAUDHARI LIMITED
REGISTERED NUMBER: 08764072

ABBREVIATED BALANCE SHEET
AS AT 30 APRIL 2016

2016
2015
Note
£
£
£
£
 
FIXED ASSETS





 
Investments
 
2
99,766

10,000
 
CURRENT ASSETS





 
Debtors
-
1,132

 
Cash at bank

1,686
1,083







 
1,686
2,215
 
CREDITORS: amounts falling due within one year
3
(79,596)
(12,204)
 
NET CURRENT LIABILITIES


(77,910)

(9,989)
 
TOTAL ASSETS LESS CURRENT LIABILITIES
 21,856

 11
  
CAPITAL AND RESERVES

 
Called up share capital
4
3
3
 
Other reserves
907
-
 
Profit and loss account
20,946
8
 
SHAREHOLDERS' FUNDS
 

 21,856

 11


The director considers that the company is entitled to exemption from the requirement to have an audit under the provisions of section 477 of the Companies Act 2006 ("the Act") and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Act. 

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and for preparing financial statements which give a true and fair view of the state of affairs of the company as at 30 April 2016 and of its profit for the year in accordance with the requirements of sections 394 and 395 of the Act and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.


The abbreviated accounts, which have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006, were approved and authorised for issue by the board and were signed on its behalf on 30 January 2017.





P S Chaudhari
Director

The notes on pages 2 to 3 form part of these financial statements.

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P S CHAUDHARI LIMITED
 
 
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 APRIL 2016

1.ACCOUNTING POLICIES

1.1
Basis of preparation of financial statements

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2
Cash flow

The financial statements do not include a Cash flow statement because the company, as a small reporting entity, is exempt from the requirement to prepare such a statement under the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.3
Turnover

Turnover comprises revenue recognised by the company in respect of goods and services supplied during the year, exclusive of Value Added Tax and trade discounts.

1.4
Investments

Investments held as fixed assets are shown at cost less provision for impairment. Investments represent the company's capital accounts in Lanyon Bowdler LLP, and are stated at cost, plus allocated profits, less drawings to date, plus any revaluations. Revaluations are taken to the revaluation reserve. 


2.FIXED ASSET INVESTMENTS



£


Cost or valuation


At 1 May 2015
10,000

Additions
89,766


At 30 April 2016

99,766




Net book value


At 30 April 2016
 99,766


At 30 April 2015

 10,000


3.CREDITORS: Amounts falling due within one year

Barclays Bank PLC holds a debenture over all assets of the company dated 22 September 2015.

 
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P S CHAUDHARI LIMITED
 
 
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 APRIL 2016

4.SHARE CAPITAL
        2016
        2015
        £

        £

Allotted, called up and fully paid



3 Ordinary shares of £1 each
 3
 3

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