Charles Howell Estate Agents Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 07058041 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 October 2016

for

Charles Howell Estate Agents Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

C R K Howell

REGISTERED OFFICE:

Edmund House

Rugby Road

Leamington Spa

Warwickshire

CV32 6EL

REGISTERED NUMBER:

07058041 (England and Wales)

ACCOUNTANTS:

Amicus Accounting Limited

5 Corunna Court

Corunna Road

Warwick

Warwickshire

CV34 5HQ

FIXED ASSETS

Tangible assets

2

5,482

5,877

CURRENT ASSETS

Debtors

41,938

30,930

Cash at bank

1,136

10,155

43,074

41,085

CREDITORS

Amounts falling due within one year

147,247

161,161

NET CURRENT LIABILITIES

(104,173

)

(120,076

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(98,691

)

(114,199

)

CAPITAL AND RESERVES

Called up share capital

3

1

Profit and loss account

(98,692

)

(114,200

)

SHAREHOLDERS' FUNDS

(98,691

)

(114,199

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 22 March 2017 and were signed by:

C R K Howell - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The accounts have been prepared on a going concern basis, which assumes that the company will continue to

trade for at least one year from the date of approval of these financial statements by the director and thereafter

for the foreseeable future. The director considers it appropriate to prepare the financial statements on this basis

as he has pledged his continued support and will provide sufficient funds to enable the company to meet its day

to day working capital requirements. The financial statements do not include any adjustments that would result

from a withdrawal of the support provided by the parent undertaking.

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, 20% on cost and 15% 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 1 November 2015

22,652

Additions

2,570

Disposals

(1,421

)

At 31 October 2016

23,801

DEPRECIATION

At 1 November 2015

16,775

Charge for year

2,396

Eliminated on disposal

(852

)

At 31 October 2016

18,319

NET BOOK VALUE

At 31 October 2016

5,482

At 31 October 2015

5,877

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.10.16

31.10.15

value:

£

1

Ordinary

£1

1

4.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Included in other creditors is £119,441 (2015: £143,481) due to the director.