Micro-entity Accounts - CHELFORD LIMITED

03125172 CHELFORD LIMITED 2016-12-31 false 2016-01-01 2016-12-31 true 03125172 2016-01-01 2016-12-31 03125172 2016-12-31 03125172 2015-12-31 03125172 uk-gaap-cd-bus:Director1 2016-01-01 2016-12-31 03125172 uk-gaap-cd-bus:Director2 2016-01-01 2016-12-31 03125172 uk-gaap-cd-bus:AllEntityOfficers 2016-01-01 2016-12-31 iso4217:GBP shares

Registered Number 03125172

CHELFORD LIMITED

Micro-entity Accounts

31 December 2016

CHELFORD LIMITED Registered Number 03125172

Micro-entity Balance Sheet as at 31 December 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	1	19,760	26,662
		19,760	26,662
Current assets
Stocks		235,520	120,366
Debtors		470,651	352,917
Cash at bank and in hand		13,251	111,824
		719,422	585,107
Creditors: amounts falling due within one year		(271,744)	(156,654)
Net current assets (liabilities)		447,678	428,453
Total assets less current liabilities		467,438	455,115
Creditors: amounts falling due after more than one year		(331,250)	(356,250)
Total net assets (liabilities)		136,188	98,865
Capital and reserves
Called up share capital		30,250	30,250
Profit and loss account		105,938	68,615
Shareholders' funds		136,188	98,865

For the year ending 31 December 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 29 September 2017

And signed on their behalf by:
J COPE, Director

CHELFORD LIMITED Registered Number 03125172

Notes to the Micro-entity Accounts for the period ended 31 December 2016

1Tangible fixed assets

	£
Cost
At 1 January 2016	234,933
Additions	727
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2016	235,660
Depreciation
At 1 January 2016	208,271
Charge for the year	7,629
On disposals	-
At 31 December 2016	215,900
Net book values
At 31 December 2016	19,760
At 31 December 2015	26,662

2Accounting 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.

Turnover policy
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Plant & Machinery depreciated at 20% reducing balance