Cheddar Signs Limited - Abbreviated accounts 16.3

Cheddar Signs Limited - Abbreviated accounts 16.3


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REGISTERED NUMBER: 09124219 (England and Wales)




















ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 OCTOBER 2016

FOR

CHEDDAR SIGNS LIMITED

CHEDDAR SIGNS LIMITED (REGISTERED NUMBER: 09124219)






CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 OCTOBER 2016




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

CHEDDAR SIGNS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2016







DIRECTOR: R Ford





REGISTERED OFFICE: Unit G3 & G4 Second Avenue
Westfield Trading Estate
Midsomer Norton
Radstock
BA3 4BH





REGISTERED NUMBER: 09124219 (England and Wales)





ACCOUNTANTS: Pethericks and Gillard Limited
Chartered Accountants
124 High Street
Midsomer Norton
Bath
BA3 2DA

CHEDDAR SIGNS LIMITED (REGISTERED NUMBER: 09124219)

ABBREVIATED BALANCE SHEET
31 OCTOBER 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 28,170 29,735
Tangible assets 3 5,922 8,390
34,092 38,125

CURRENT ASSETS
Stocks 1,000 1,000
Debtors 6,466 8,674
Cash at bank and in hand 3,184 6,855
10,650 16,529
CREDITORS
Amounts falling due within one year 37,739 49,457
NET CURRENT LIABILITIES (27,089 ) (32,928 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,003

5,197

PROVISIONS FOR LIABILITIES 1,184 1,678
NET ASSETS 5,819 3,519

CAPITAL AND RESERVES
Called up share capital 4 1 1
Profit and loss account 5,818 3,518
SHAREHOLDERS' FUNDS 5,819 3,519

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

CHEDDAR SIGNS LIMITED (REGISTERED NUMBER: 09124219)

ABBREVIATED BALANCE SHEET - continued
31 OCTOBER 2016


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 4 April 2017 and were signed by:





R Ford - Director


CHEDDAR SIGNS LIMITED (REGISTERED NUMBER: 09124219)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 OCTOBER 2016

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 sign and design services, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2015, 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 - 25% on cost
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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance
sheet date.

2. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 November 2015
and 31 October 2016 31,300
AMORTISATION
At 1 November 2015 1,565
Amortisation for year 1,565
At 31 October 2016 3,130
NET BOOK VALUE

At 31 October 2016 28,170
At 31 October 2015 29,735

CHEDDAR SIGNS LIMITED (REGISTERED NUMBER: 09124219)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2016

3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 November 2015
and 31 October 2016 9,830
DEPRECIATION
At 1 November 2015 1,440
Charge for year 2,468
At 31 October 2016 3,908
NET BOOK VALUE
At 31 October 2016 5,922
At 31 October 2015 8,390

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2016 2015
value: £    £   
1 Ordinary £1 1 1