CHQ_GROUP_LTD - Accounts

CHQ GROUP LTD - Company Information

Print Friendly Version

Company Registration No. 06034831 (England and Wales)

CHQ GROUP LTD

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2016

CHQ GROUP LTD

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

CHQ GROUP LTD

ABBREVIATED BALANCE SHEET

AS AT

31 AUGUST 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

1,591

1,968

Current assets

Debtors

45,221

43,700

Cash at bank and in hand

25,186

4,954

70,407

48,654

Creditors: amounts falling due within one year

(183,869)

(171,775)

Net current liabilities

(113,462)

(123,121)

Total assets less current liabilities

(111,871)

(121,153)

Capital and reserves

Called up share capital

250

Profit and loss account

(112,121)

(121,403)

Shareholders' funds

(111,871)

(121,153)

For the financial year ended 31 August 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 3 May 2017

R. Quick

Director

Company Registration No. 06034831

CHQ GROUP LTD

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 AUGUST 2016

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

As at 31 August, 2016 the balance sheet reflected a deficit of £111,871.

The company's future operations are dependant upon loans from its directors and shareholders, who have indicated that such facilities will continue to be made available for the foreseeable future. Therefore the directors consider it appropriate that these financial statement be prepared on a going concern basis.

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Computer equipment

25% Straight line

1.5

Group accounts

The financial statements present information about the company as an individual undertaking and not about its group. The company and its subsidiary undertaking comprise a small-sized group. The company has therefore taken advantage of the exemptions provided by section 399 of the Companies Act 2006 not to prepare group accounts.

Fixed assets

Intangible assets

Tangible assets

Total

Cost

At 1 September 2015 & at 31 August 2016

135,109

4,059

139,168

Depreciation

At 1 September 2015

135,109

2,090

137,199

Charge for the year

378

At 31 August 2016

135,109

2,468

137,577

Net book value

At 31 August 2016

1,591

At 31 August 2015

1,968

CHQ GROUP LTD

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 AUGUST 2016

- 3 -

Share capital

2016

2015

Allotted, called up and fully paid

250 Ordinary Shares of £1 each

250