Chimney Centres (Engineering) Limited - Accounts to registrar - small 17.1

REGISTERED NUMBER: 02963152 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2016

FOR

CHIMNEY CENTRES (ENGINEERING) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

K West

M P Snook

SECRETARY:

REGISTERED OFFICE:

Unit 1, Birchills Trading Estate

Emery Road

Brislington

Bristol

BS4 5PF

REGISTERED NUMBER:

02963152 (England and Wales)

ACCOUNTANTS:

Spring & Co Tax Limited

92 Nore Road

Portishead

Bristol

Avon

BS20 8DX

FIXED ASSETS

Tangible assets

4

6,425

4,183

CURRENT ASSETS

Stocks

84,316

70,330

Debtors

5

57,380

85,788

Cash in hand

450

450

142,146

156,568

CREDITORS

Amounts falling due within one year

6

140,485

159,012

NET CURRENT ASSETS/(LIABILITIES)

1,661

(2,444

)

TOTAL ASSETS LESS CURRENT LIABILITIES

8,086

1,739

CREDITORS

Amounts falling due after more than one year

7

(6,434

)

-

PROVISIONS FOR LIABILITIES

(415

)

(963

)

NET ASSETS

1,237

776

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

1,137

676

SHAREHOLDERS' FUNDS

1,237

776

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 30 September 2017 and were signed on its behalf by:

M P Snook - Director

1.	STATUTORY INFORMATION

Chimney Centres (Engineering) Limited is a private company, limited by shares , registered in England and

Wales. The company's registered number and registered office address can be found on the Company

Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 January 2016

3,700

9,808

13,508

Additions

-

3,500

3,500

At 31 December 2016

3,700

13,308

17,008

DEPRECIATION

At 1 January 2016

2,220

7,105

9,325

Charge for year

740

518

1,258

At 31 December 2016

2,960

7,623

10,583

NET BOOK VALUE

At 31 December 2016

740

5,685

6,425

At 31 December 2015

1,480

2,703

4,183

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

£

Trade debtors

37,224

64,987

Other debtors

20,156

20,801

57,380

85,788

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

£

Bank loans and overdrafts

13,258

21,327

Trade creditors

80,665

97,581

Taxation and social security

27,904

30,186

Other creditors

18,658

9,918

140,485

159,012

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2016

2015

£

£

Bank loans

6,434

-