Company Registration No. 07568583 (England and Wales)
CHOPS AND APPLE LTD
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2016
CHOPS AND APPLE LTD
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
CHOPS AND APPLE LTD
ABBREVIATED BALANCE SHEET
AS AT
30 SEPTEMBER 2016
30 September 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
2,423
3,398
Current assets
Debtors
11,411
9,360
Cash at bank and in hand
281
21
11,692
9,381
Creditors: amounts falling due within one year
(14,024)
(10,148)
Net current liabilities
(2,332)
(767)
Total assets less current liabilities
91
2,631
Capital and reserves
Called up share capital
3
1
1
Profit and loss account
90
2,630
Shareholders' funds
91
2,631
For the financial year ended 30 September 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's 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 director acknowledges his 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 29 June 2017
C Taylor
Director
Company Registration No. 07568583
CHOPS AND APPLE LTD
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2016
- 2 -
1
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).
1.2
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.3
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
Straight line method over 3 years.
Motor vehicles
25% Reducing balance method.
1.4
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
2
Fixed assets
Tangible assets
£
Cost
At 1 October 2015 & at 30 September 2016
7,699
Depreciation
At 1 October 2015
4,301
Charge for the year
975
At 30 September 2016
5,276
Net book value
At 30 September 2016
2,423
At 30 September 2015
3,398
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
1 Ordinary shares of £1 each
1
1
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