Abbreviated Company Accounts - CHOICE TEXTILE LIMITED

Abbreviated Company Accounts - CHOICE TEXTILE LIMITED

CHOICE TEXTILE LIMITED - Company Information

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Registered Number 03848341

CHOICE TEXTILE LIMITED

Abbreviated Accounts

30 September 2016

CHOICE TEXTILE LIMITED Registered Number 03848341

Abbreviated Balance Sheet as at 30 September 2016

Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 3,443,877 3,391,390
3,443,877 3,391,390
Current assets
Stocks 48,806 30,732
Debtors 1,205,738 1,150,072
Cash at bank and in hand 490,407 515,071
1,744,951 1,695,875
Creditors: amounts falling due within one year (1,493,956) (1,531,014)
Net current assets (liabilities) 250,995 164,861
Total assets less current liabilities 3,694,872 3,556,251
Creditors: amounts falling due after more than one year (1,362,312) (1,505,056)
Total net assets (liabilities) 2,332,560 2,051,195
Capital and reserves
Called up share capital 2 2
Profit and loss account 2,332,558 2,051,193
Shareholders' funds 2,332,560 2,051,195
  • For the year ending 30 September 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 June 2017

And signed on their behalf by:
A.IHEZIE, Director

CHOICE TEXTILE LIMITED Registered Number 03848341

Notes to the Abbreviated Accounts for the period ended 30 September 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

2Tangible fixed assets
£
Cost
At 1 October 2015 3,908,347
Additions 265,949
Disposals (54,174)
Revaluations -
Transfers -
At 30 September 2016 4,120,122
Depreciation
At 1 October 2015 516,957
Charge for the year 201,445
On disposals (42,157)
At 30 September 2016 676,245
Net book values
At 30 September 2016 3,443,877
At 30 September 2015 3,391,390