Chandni Chowk (Bham) Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 06918387 (England and Wales)

ABBREVIATED ACCOUNTS FOR THE YEAR ENDED 31 MAY 2016

FOR

CHANDNI CHOWK (BHAM) LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

P L Chort

REGISTERED OFFICE:

Harpal House

14 Holyhead Road

Handsworth

Birmingham

West Midlands

B21 0LT

REGISTERED NUMBER:

06918387 (England and Wales)

FIXED ASSETS

Intangible assets

2

70,000

75,000

Tangible assets

3

86,999

85,303

156,999

160,303

CURRENT ASSETS

Stocks

5,631

11,069

Debtors

11,588

10,207

Cash at bank and in hand

1,400

3,283

18,619

24,559

CREDITORS

Amounts falling due within one year

167,298

172,370

NET CURRENT LIABILITIES

(148,679

)

(147,811

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

8,320

12,492

CREDITORS

Amounts falling due after more than one
year

4

36,667

44,667

NET LIABILITIES

(28,347

)

(32,175

)

CAPITAL AND RESERVES

Called up share capital

5

1,000

Profit and loss account

(29,347

)

(33,175

)

SHAREHOLDERS' FUNDS

(28,347

)

(32,175

)

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

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

The director acknowledges his 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 director on 27 February 2017 and were signed by:

P L Chort - 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of twenty years.

Tangible fixed assets

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

Short leasehold

-

10% on reducing balance

Improvements to property

-

10% on reducing balance

Plant and machinery

-

10% on reducing balance

Fixtures and fittings

-

10% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Deferred tax

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

sheet date.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 June 2015

and 31 May 2016

100,000

AMORTISATION

At 1 June 2015

25,000

Amortisation for year

5,000

At 31 May 2016

30,000

NET BOOK VALUE

At 31 May 2016

70,000

At 31 May 2015

75,000

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 June 2015

123,870

Additions

11,363

At 31 May 2016

135,233

DEPRECIATION

At 1 June 2015

38,567

Charge for year

9,667

At 31 May 2016

48,234

NET BOOK VALUE

At 31 May 2016

86,999

At 31 May 2015

85,303

4.

CREDITORS

Creditors include the following debts falling due in more than five years:

31/5/16

31/5/15

£

Repayable by instalments

28,667

36,667

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/5/16

31/5/15

value:

£

1,000

ordinary

£1

1,000