Chopshoptools Ltd - Abbreviated accounts 16.3

REGISTERED NUMBER: 08211347 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 30 SEPTEMBER 2016

FOR

CHOPSHOPTOOLS LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

P M Skinner

Mrs E J Skinner

REGISTERED OFFICE:

Bethany Chapel

Hermon Road

Maesteg

CF34 0SU

REGISTERED NUMBER:

08211347 (England and Wales)

ACCOUNTANTS:

DAVID WRIGHT ACCOUNTANTS LIMITED

1st Floor

Nathaniel House

David Street

Bridgend

South Wales

CF31 3SA

FIXED ASSETS

Tangible assets

2

18,511

12,396

CURRENT ASSETS

Stocks

146,000

98,000

Debtors

-

146

Cash at bank

9,459

12,417

155,459

110,563

CREDITORS

Amounts falling due within one year

107,184

77,981

NET CURRENT ASSETS

48,275

32,582

TOTAL ASSETS LESS CURRENT
LIABILITIES

66,786

44,978

PROVISIONS FOR LIABILITIES

2,554

1,079

NET ASSETS

64,232

43,899

CAPITAL AND RESERVES

Called up share capital

3

30,100

Profit and loss account

34,132

13,799

SHAREHOLDERS' FUNDS

64,232

43,899

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

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

The directors acknowledge their 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 Board of Directors on 10 May 2017 and were signed on its behalf
by:

P M Skinner - 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 at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance, 25% on cost and 15% 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.

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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 October 2015

20,427

Additions

10,971

At 30 September 2016

31,398

DEPRECIATION

At 1 October 2015

8,031

Charge for year

4,856

At 30 September 2016

12,887

NET BOOK VALUE

At 30 September 2016

18,511

At 30 September 2015

12,396

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30/9/16

30/9/15

value:

£

100

Ordinary

£1

100

30,000

Redeemable

£1

30,000

30,100