Abbreviated Company Accounts - CHEARY & GALLAGHER LIMITED

CHEARY & GALLAGHER LIMITED - Company Information

07582673 CHEARY & GALLAGHER LIMITED 2014-03-31 false 2013-04-01 2014-03-31 true 07582673 2013-04-01 2014-03-31 07582673 2014-03-31 07582673 2013-03-31 07582673 uk-gaap-cd-bus:Director1 2013-04-01 2014-03-31 07582673 uk-gaap-cd-bus:Director2 2013-04-01 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-04-01 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-03-31 iso4217:GBP shares

Registered Number 07582673

CHEARY & GALLAGHER LIMITED

Abbreviated Accounts

31 March 2014

CHEARY & GALLAGHER LIMITED Registered Number 07582673

Abbreviated Balance Sheet as at 31 March 2014

	Notes	2014	2013
		£	£
Fixed assets
Intangible assets	2	14,000	16,000
Tangible assets	3	14,662	19,549
		28,662	35,549
Current assets
Debtors		12,674	5,733
Cash at bank and in hand		6,481	3,004
		19,155	8,737
Creditors: amounts falling due within one year		(43,921)	(29,589)
Net current assets (liabilities)		(24,766)	(20,852)
Total assets less current liabilities		3,896	14,697
Total net assets (liabilities)		3,896	14,697
Capital and reserves
Called up share capital	4	100	100
Profit and loss account		3,796	14,597
Shareholders' funds		3,896	14,697

For the year ending 31 March 2014 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 10 December 2014

And signed on their behalf by:
Mrs M Cheary, Director
Mr P Gallagher, Director

CHEARY & GALLAGHER LIMITED Registered Number 07582673

Notes to the Abbreviated Accounts for the period ended 31 March 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover policy
Turnover represents amounts receivable for services provided net of VAT.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Fixtures, fittings & equipment - 25% Reducing Balance
Motor vehicles - 25% Reducing Balance

Intangible assets amortisation policy
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.

2Intangible fixed assets

	£
Cost
At 1 April 2013	20,000
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2014	20,000
Amortisation
At 1 April 2013	4,000
Charge for the year	2,000
On disposals	-
At 31 March 2014	6,000
Net book values
At 31 March 2014	14,000
At 31 March 2013	16,000

3Tangible fixed assets

	£
Cost
At 1 April 2013	23,435
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2014	23,435
Depreciation
At 1 April 2013	3,886
Charge for the year	4,887
On disposals	-
At 31 March 2014	8,773
Net book values
At 31 March 2014	14,662
At 31 March 2013	19,549

4Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
100 Ordinary shares of £1 each	100	100