Channel Facilities Management Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 09164202 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31ST AUGUST 2016

FOR

CHANNEL FACILITIES MANAGEMENT LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

D Gregory-Foster

J Gregory-Foster

REGISTERED OFFICE:

Almond House

Betteshanger Road

Betteshanger

Deal

Kent

CT14 0EN

REGISTERED NUMBER:

09164202 (England and Wales)

ACCOUNTANTS:

SHPD Accountants

1 Romney Place

Maidstone

Kent

ME15 6LE

FIXED ASSETS

Tangible assets

2

2,645

1,017

CURRENT ASSETS

Debtors

88,423

21,150

Cash at bank

-

7,152

88,423

28,302

CREDITORS

Amounts falling due within one year

57,809

27,930

NET CURRENT ASSETS

30,614

372

TOTAL ASSETS LESS CURRENT LIABILITIES

33,259

1,389

CREDITORS

Amounts falling due after more than one year

(50,000

)

-

PROVISIONS FOR LIABILITIES

(529

)

(203

)

NET (LIABILITIES)/ASSETS

(17,270

)

1,186

CAPITAL AND RESERVES

Called up share capital

3

4

4

Profit and loss account

(17,274

)

1,182

SHAREHOLDERS' FUNDS

(17,270

)

1,186

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st August 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st August 2016 in accordance with Section 476 of the Companies Act 2006.

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.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 10th February 2017 and were signed on its behalf by:

D Gregory-Foster - Director

J Gregory-Foster - Director

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 net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

33% on cost and 20% on reducing balance

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

balance sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st September 2015

1,396

Additions

2,195

At 31st August 2016

3,591

DEPRECIATION

At 1st September 2015

379

Charge for year

567

At 31st August 2016

946

NET BOOK VALUE

At 31st August 2016

2,645

At 31st August 2015

1,017

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

4

Ordinary

1

4

4