| CHOULTON SERVICES LIMITED |
| Registered number: |
02236556 |
| Balance Sheet |
| as at 30 April 2017 |
|
| Notes |
|
|
2017 |
|
|
2016 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
2 |
|
|
10,303 |
|
|
11,448 |
| Investments |
3 |
|
|
45,311 |
|
|
43,686 |
|
|
|
|
55,614 |
|
|
55,134 |
|
| Current assets |
| Debtors |
4 |
|
2,668 |
|
|
6,312 |
| Cash at bank and in hand |
|
|
585 |
|
|
17,664 |
|
|
|
3,253 |
|
|
23,976 |
|
| Creditors: amounts falling due within one year |
5 |
|
(25,441) |
|
|
(21,995) |
|
| Net current (liabilities)/assets |
|
|
|
(22,188) |
|
|
1,981 |
|
| Net assets |
|
|
|
33,426 |
|
|
57,115 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
100 |
|
|
100 |
| Profit and loss account |
|
|
|
33,326 |
|
|
57,015 |
|
| Shareholders' funds |
|
|
|
33,426 |
|
|
57,115 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| 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 and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| Lady Wade |
| Director |
| Approved by the board on 22 January 2018 |
|
| CHOULTON SERVICES LIMITED |
| Notes to the Accounts |
| for the year ended 30 April 2017 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Turnover |
|
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
|
Property Improvements |
10% per annum of net book value |
|
Fixtures & equipment |
10% per annum of net book value |
|
|
Investments |
|
Listed investments are measured at fair value. |
|
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. |
|
|
| 2 |
Tangible fixed assets |
|
|
|
|
Property Improvements |
|
Fixtures & Equipment |
|
Total |
| £ |
£ |
£ |
|
Cost |
|
At 1 May 2016 |
10,226 |
|
34,577 |
|
44,803 |
|
At 30 April 2017 |
10,226 |
|
34,577 |
|
44,803 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 May 2016 |
8,845 |
|
24,510 |
|
33,355 |
|
Charge for the year |
138 |
|
1,007 |
|
1,145 |
|
At 30 April 2017 |
8,983 |
|
25,517 |
|
34,500 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 30 April 2017 |
1,243 |
|
9,060 |
|
10,303 |
|
At 30 April 2016 |
1,381 |
|
10,067 |
|
11,448 |
|
|
| 3 |
Investments |
|
| Other |
| investments |
| £ |
|
Cost |
|
At 1 May 2016 |
43,686 |
|
Additions |
1,625 |
|
|
At 30 April 2017 |
45,311 |
|
|
| 4 |
Debtors |
2017 |
|
2016 |
| £ |
£ |
|
|
Trade debtors |
- |
|
4,312 |
|
Other debtors |
2,668 |
|
2,000 |
|
|
|
|
|
|
2,668 |
|
6,312 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due within one year |
2017 |
|
2016 |
| £ |
£ |
|
|
Accruals and deferred income |
1,750 |
|
3,691 |
|
Corporation tax |
- |
|
1,997 |
|
Other taxes and social security costs |
589 |
|
12,374 |
|
Directors loans |
23,102 |
|
3,933 |
|
|
|
|
|
|
25,441 |
|
21,995 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Events after the reporting date |
|
|
There were no material post balance sheet events up to the 22nd January 2018, being the date of approval of the financial statements by the board of directors. |
|
|
| 7 |
Other information |
|
|
CHOULTON SERVICES LIMITED is a private company limited by shares and incorporated in England. Its registered office is: |
|
Chorlton House |
|
1 Rectory Close |
|
Farndon |
|
Chester |
|
CH3 6PS |
