Chinn Brothers Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 00137443 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 SEPTEMBER 2016

FOR

CHINN BROTHERS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

A A Pickford

Mrs A C Clifford

SECRETARY:

Mrs B A Pickford

REGISTERED OFFICE:

12-14 Market Place

Warminster

Wiltshire

BA12 9AN

REGISTERED NUMBER:

00137443 (England and Wales)

ACCOUNTANTS:

R D Owen & Co.

Chartered Accountants

21a Market Place

Warminster

Wiltshire

BA12 9AY

FIXED ASSETS

Tangible assets

2

571,750

569,816

CURRENT ASSETS

Debtors

2,546

6,152

Cash at bank and in hand

91,637

88,154

94,183

94,306

CREDITORS

Amounts falling due within one year

17,913

15,785

NET CURRENT ASSETS

76,270

78,521

TOTAL ASSETS LESS CURRENT LIABILITIES

648,020

648,337

CREDITORS

Amounts falling due after more than one year

3

(188,349

)

(194,873

)

PROVISIONS FOR LIABILITIES

-

(461

)

NET ASSETS

459,671

453,003

CAPITAL AND RESERVES

Called up share capital

4

3,950

3,950

Capital redemption reserve

112,829

112,829

Profit and loss account

342,892

336,224

SHAREHOLDERS' FUNDS

459,671

453,003

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 8 June 2017 and were signed on its behalf by:

A A Pickford - Director

Mrs A C Clifford - 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).

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Deferred tax

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

sheet date.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 October 2015

591,420

Additions

4,742

At 30 September 2016

596,162

DEPRECIATION

At 1 October 2015

21,604

Charge for year

2,808

At 30 September 2016

24,412

NET BOOK VALUE

At 30 September 2016

571,750

At 30 September 2015

569,816

3.

CREDITORS

Creditors include the following debts falling due in more than five years:

2016

2015

£

£

Repayable by instalments

188,349

194,873

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

3,950

Ordinary

£1

3,950

3,950