Colchri Ltd - Abbreviated accounts 16.3

REGISTERED NUMBER: SC205405 (Scotland)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 AUGUST 2016

FOR

COLCHRI LTD.

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

Mrs K Dolan

SECRETARY:

Mrs K Dolan

REGISTERED OFFICE:

6th Floor, Gordon Chambers

90 Mitchell Street

Glasgow

G1 3 NQ

REGISTERED NUMBER:

SC205405 (Scotland)

ACCOUNTANTS:

Henderson Loggie

90 Mitchell Street

Glasgow

Lanarkshire

G1 3NQ

FIXED ASSETS

Tangible assets

2

610,438

403,220

CURRENT ASSETS

Debtors

51,506

46,470

Cash at bank

19,534

-

71,040

46,470

CREDITORS

Amounts falling due within one year

202,627

176,665

NET CURRENT LIABILITIES

(131,587

)

(130,195

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

478,851

273,025

CREDITORS

Amounts falling due after more than one year

(218,218

)

(95,611

)

PROVISIONS FOR LIABILITIES

(109,136

)

(53,494

)

NET ASSETS

151,497

123,920

CAPITAL AND RESERVES

Called up share capital

3

5

Profit and loss account

151,492

123,915

SHAREHOLDERS' FUNDS

151,497

123,920

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 27 March 2017 and were signed by:

A D Morrin - 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 as follows in order to write off each asset over its estimated useful life.

Public service vehicles - over 10 to 20 years.

Plant and machinery - 15% on a reducing balance basis

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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire

purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over

their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The capital

element of the future payments is treated as a liability.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2015

555,644

Additions

252,996

At 31 August 2016

808,640

DEPRECIATION

At 1 September 2015

152,424

Charge for year

45,778

At 31 August 2016

198,202

NET BOOK VALUE

At 31 August 2016

610,438

At 31 August 2015

403,220

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

2

Ordinary

£1

2

3

A-J Ordinary

£1

3

5