Abbreviated Company Accounts - CHIARAMELLO & CO LTD

CHIARAMELLO & CO LTD - Company Information

06162982 CHIARAMELLO & CO LTD 2016-05-31 false 2015-06-01 2016-05-31 true 06162982 2015-06-01 2016-05-31 06162982 2016-05-31 06162982 2015-05-31 06162982 uk-gaap-cd-bus:Director1 2015-06-01 2016-05-31 06162982 uk-gaap-cd-bus:Director2 2015-06-01 2016-05-31 uk-gaap-cd-bus:Director3 2015-06-01 2016-05-31 uk-gaap-cd-bus:Director3 2016-05-31 uk-gaap-cd-bus:Director3 2015-05-31 uk-gaap-cd-bus:Director4 2015-06-01 2016-05-31 uk-gaap-cd-bus:Director4 2016-05-31 uk-gaap-cd-bus:Director4 2015-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-06-01 2016-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-05-31 iso4217:GBP shares

Registered Number 06162982

CHIARAMELLO & CO LTD

Abbreviated Accounts

31 May 2016

CHIARAMELLO & CO LTD Registered Number 06162982

Abbreviated Balance Sheet as at 31 May 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	1,916	2,555
		1,916	2,555
Current assets
Debtors		25,823	22,846
Cash at bank and in hand		1,595	2,080
		27,418	24,926
Creditors: amounts falling due within one year		(28,928)	(26,702)
Net current assets (liabilities)		(1,510)	(1,776)
Total assets less current liabilities		406	779
Total net assets (liabilities)		406	779
Capital and reserves
Called up share capital	3	200	200
Profit and loss account		206	579
Shareholders' funds		406	779

For the year ending 31 May 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 21 February 2017

And signed on their behalf by:
J.D. Waters, Director

CHIARAMELLO & CO LTD Registered Number 06162982

Notes to the Abbreviated Accounts for the period ended 31 May 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the total invoice value, excluding value added tax, of sales made during the year and derives from the provision of goods falling within the company's ordinary activities.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life as follows:-
Fixtures, fittings and equipment 25% reducing balance

2Tangible fixed assets

	£
Cost
At 1 June 2015	10,224
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 May 2016	10,224
Depreciation
At 1 June 2015	7,669
Charge for the year	639
On disposals	-
At 31 May 2016	8,308
Net book values
At 31 May 2016	1,916
At 31 May 2015	2,555

3Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
200 Ordinary shares of £1 each	200	200

4Transactions with directors

Name of director receiving advance or credit:	J D Waters
Description of the transaction:	Advances to directors
Balance at 1 June 2015:	£ 11,423
Advances or credits made:	£ 27,492
Advances or credits repaid:	£ 31,672
Balance at 31 May 2016:	£ 7,243

Name of director receiving advance or credit:	Y M Chiaramello
Description of the transaction:	Advances to directors
Balance at 1 June 2015:	£ 11,423
Advances or credits made:	£ 27,492
Advances or credits repaid:	£ 31,672
Balance at 31 May 2016:	£ 7,243

The amounts outstanding at the year end will be repaid on 28th February 2017.