Chris Hart Business Sales Limited
Chris Hart Business Sales Limited
Registered number: SC090323
Abbreviated accounts
For The Year Ended 30 November 2016
McMillan Financial C.A.
Chris Hart Business Sales Limited
Company No. SC090323
Abbreviated Balance Sheet
30 November 2016
Abbreviated Balance Sheet
2016 | 2015 | ||||
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Notes | £ | £ | £ | £ | |
FIXED ASSETS | |||||
Tangible Assets | 2 |
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Investments | 3 |
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- | 17,859 | ||||
CURRENT ASSETS | |||||
Stocks |
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Debtors |
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Creditors: Amounts Falling Due Within One Year |
( |
( |
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NET CURRENT ASSETS (LIABILITIES) |
( |
( |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
( |
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NET ASSETS |
( |
( |
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CAPITAL AND RESERVES | |||||
Called up share capital | 4 |
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Profit and Loss Account |
( |
( |
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SHAREHOLDERS' FUNDS |
( |
( |
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Chris Hart Business Sales Limited
Company No. SC090323
Abbreviated Balance Sheet (continued)
30 November 2016
Director's responsibilities
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The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. -
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. -
These abbreviated accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2015).
On behalf of the board
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Chris Hart Business Sales Limited
Notes to the Abbreviated Accounts
For The Year Ended 30 November 2016
Notes to the Abbreviated Accounts
1.
Accounting Policies
1.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
1.2.
Going Concern Disclosure
The company is entirely dependant on the support of associated companies and the directors have decided that the company should cease to trade whilst it pursues monies due to it, which have been fully provided against in these accounts.
1.3.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax.
1.4.
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 of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery |
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1.5.
Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks.
2.
Tangible Assets
Total | |
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Cost | £ |
As at |
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As at |
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Depreciation | |
As at |
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Provided during the period |
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As at |
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Net Book Value | |
As at |
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As at |
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Chris Hart Business Sales Limited
Notes to the Abbreviated Accounts (continued)
For The Year Ended 30 November 2016
3.
Investments
Unlisted | |
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£ | |
Cost | |
As at |
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As at |
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Provision | |
As at |
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Added in period |
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As at |
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Net Book Value | |
As at |
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As at |
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Fixed asset investments are stated at cost, less any provisions required where there has been a permanent diminution in their value.
5.
Ultimate Controlling Party
The company's ultimate controlling party is Mr ACS Lockhart by virtue of his ownership of 100% of the issued share capital in the company.
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