For the year ended 31 October 2016
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 05520879
Chase Health Foods Ltd
Accountants' Report
For the year ended 31 October 2016
| As described on the balance sheet you are responsible for the preparation of the financial statements for |
| the year ended 31 October 2016 and you consider that the company is exempt from an audit under the |
| Companies Act 2006. |
| In accordance with your instructions, we have compiled these unaudited financial statements in order to |
| assist you to fulfil your statutory responsibilities, from the accounting records and information and |
| explanations supplied to us. |
Steve Leroux & Co
Lea Cottage
Gailey Lea Lane
Gailey
Staffs
ST19 5PT
17 July 2017
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| Notes to the Abbreviated Financial Statements |
Chase Health Foods Ltd
For the year ended 31 October 2016
| The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015). |
| The financial statements have been prepared on a going concern basis. The company's ongoing activities are dependent upon the continued support of the director who has undertaken to provide such support for the foreseeable future. If the going concern basis were not appropriate, adjustments would have to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that may arise and to reclassify fixed assets as current assets and long term liabilities as current liabilities. |
| Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. |
| Rentals payable under operating leases are charged against income on a straight line basis over the lease |
| term. |
| Planning and operating costs for the company's website are charged to the profit and loss account as |
| incurred. |
| Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis |
| over the estimated expected useful economic life of the goodwill of 0 years. |
| Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Fixtures and Fittings
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| Notes to the Abbreviated Financial Statements |
Chase Health Foods Ltd
For the year ended 31 October 2016
| Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. |
| 2 Intangible fixed assets |
7,000
7,000
7,000
7,000
3,188
3,188
3,098
23
Charge for year
3,121
67
90
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