Chimera Design Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 04469285 (England and Wales)

Abbreviated Accounts for the Year Ended 30 June 2016

for

Chimera Design Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

B O Woodward

SECRETARY:

M Woodward

REGISTERED OFFICE:

11 Oaklands Avenue

Osterley

Middlesex

TW7 5PX

REGISTERED NUMBER:

04469285 (England and Wales)

ACCOUNTANTS:

Fallows & Company Chartered Accountants

Archway House

81-82 Portsmouth Road

Surbiton

Surrey

KT6 5PT

BANKERS:

HSBC Bank plc

67 George Street

Richmond

Surrey

TW9 1HG

FIXED ASSETS

Intangible assets

2

31,224

36,458

Tangible assets

3

283

391

31,507

36,849

CURRENT ASSETS

Stocks

2,070

1,629

Debtors

6,783

23,785

Cash in hand

5

2

8,858

25,416

CREDITORS

Amounts falling due within one year

(21,124

)

(28,477

)

NET CURRENT LIABILITIES

(12,266

)

(3,061

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

19,241

33,788

CREDITORS

Amounts falling due after more than one year

(26,077

)

(33,774

)

NET (LIABILITIES)/ASSETS

(6,836

)

14

CAPITAL AND RESERVES

Called up share capital

4

1

Profit and loss account

(6,837

)

13

SHAREHOLDERS' FUNDS

(6,836

)

14

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 30 March 2017 and were signed by:

B O Woodward - 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 the amounts (excluding value added tax) derived from the provision of goods and services to

customers during the year.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2003, 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.

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

33% on cost

Stocks

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

items.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2015

and 30 June 2016

104,680

AMORTISATION

At 1 July 2015

68,222

Amortisation for year

5,234

At 30 June 2016

73,456

NET BOOK VALUE

At 30 June 2016

31,224

At 30 June 2015

36,458

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2015

7,039

Additions

574

Disposals

(875

)

At 30 June 2016

6,738

DEPRECIATION

At 1 July 2015

6,648

Charge for year

183

Eliminated on disposal

(376

)

At 30 June 2016

6,455

NET BOOK VALUE

At 30 June 2016

283

At 30 June 2015

391

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

1

Ordinary

£1

1