Abbreviated Company Accounts - CHESTER PROFESSIONAL SERVICES LIMITED

CHESTER PROFESSIONAL SERVICES LIMITED - Company Information

07591479 CHESTER PROFESSIONAL SERVICES LIMITED 2016-08-31 false 2015-09-01 2016-08-31 true 07591479 2015-09-01 2016-08-31 07591479 2016-08-31 07591479 2015-08-31 07591479 uk-gaap-cd-bus:Director1 2015-09-01 2016-08-31 07591479 uk-gaap-cd-bus:Director2 2015-09-01 2016-08-31 uk-gaap-cd-bus:Director3 2015-09-01 2016-08-31 uk-gaap-cd-bus:Director3 2016-08-31 uk-gaap-cd-bus:Director3 2015-08-31 iso4217:GBP shares

Registered Number 07591479

CHESTER PROFESSIONAL SERVICES LIMITED

Abbreviated Accounts

31 August 2016

CHESTER PROFESSIONAL SERVICES LIMITED Registered Number 07591479

Abbreviated Balance Sheet as at 31 August 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	4,885	-
		4,885	-
Current assets
Stocks		43,551	-
Debtors		65,050	71,311
Cash at bank and in hand		175	6,501
		108,776	77,812
Creditors: amounts falling due within one year		(177,757)	(77,103)
Net current assets (liabilities)		(68,981)	709
Total assets less current liabilities		(64,096)	709
Total net assets (liabilities)		(64,096)	709
Capital and reserves
Called up share capital		100	100
Profit and loss account		(64,196)	609
Shareholders' funds		(64,096)	709

For the year ending 31 August 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 30 May 2017

And signed on their behalf by:
Mrs B G Buchma, Director

CHESTER PROFESSIONAL SERVICES LIMITED Registered Number 07591479

Notes to the Abbreviated Accounts for the period ended 31 August 2016

1Accounting Policies

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

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).

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

Tangible assets depreciation policy
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
Fixtures, fittings & equipment 20% straight line

Other accounting policies
Pensions

The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are charged to the profit and loss account in the year they are payable.

2Tangible fixed assets

	£
Cost
At 1 September 2015	-
Additions	6,475
Disposals	-
Revaluations	-
Transfers	-
At 31 August 2016	6,475
Depreciation
At 1 September 2015	-
Charge for the year	1,590
On disposals	-
At 31 August 2016	1,590
Net book values
At 31 August 2016	4,885
At 31 August 2015	-

3Transactions with directors

Name of director receiving advance or credit:	Mr N Hodgson
Description of the transaction:	Loan Account
Balance at 1 September 2015:	£ 0
Advances or credits made:	£ 26,471
Advances or credits repaid:	-
Balance at 31 August 2016:	£ 26,471

Interest of £960 was charged during the year. The year end balance was the maximum outstanding during the year and the loan has no set repayment terms.