CHG Inter-Trading Limited - Period Ending 2016-12-31
CHG Inter-Trading Limited - Period Ending 2016-12-31
Registration number:
CHG Inter-Trading Limited
for the Period from 1 October 2015 to 31 December 2016
Synegis House
Crockhamwell Road
Woodley
Reading
Berkshire
RG5 3LE
CHG Inter-Trading Limited
Contents
Company Information |
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Director's Report |
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Abridged Profit and Loss Account |
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Statement of Comprehensive Income |
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Abridged Balance Sheet |
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Statement of Changes in Equity |
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Notes to the Abridged Financial Statements |
CHG Inter-Trading Limited
Company Information
Director |
Mr R M Chevalier-Hernandez |
Company secretary |
Miss P Gayol-Corral |
Registered office |
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Accountants |
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Page 1 |
CHG Inter-Trading Limited
Director's Report for the Period from 1 October 2015 to 31 December 2016
The director presents his report and the abridged financial statements for the period from 1 October 2015 to 31 December 2016.
Director of the company
The director who held office during the period was as follows:
Principal activity
The principal activity of the company is general trading
Small companies provision statement
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
Approved by the Board on
.........................................
Mr R M Chevalier-Hernandez
Director
Page 2 |
CHG Inter-Trading Limited
Abridged Profit and Loss Account for the Period from 1 October 2015 to 31 December 2016
Note |
Total |
Total |
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Gross profit |
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Administrative expenses |
( |
( |
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Interest payable and similar expenses |
( |
( |
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(Loss)/profit before tax |
( |
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Taxation |
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( |
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(Loss)/profit for the financial period |
( |
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The above results were derived from continuing operations.
The company has no recognised gains or losses for the period other than the results above.
Page 3 |
CHG Inter-Trading Limited
Statement of Comprehensive Income for the Period from 1 October 2015 to 31 December 2016
Note |
2016 |
2015 |
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(Loss)/profit for the period |
( |
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Total comprehensive income for the period |
( |
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Page 4 |
CHG Inter-Trading Limited
(Registration number: 06700764)
Abridged Balance Sheet as at 31 December 2016
Note |
2016 |
2015 |
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Fixed assets |
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Tangible assets |
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Current assets |
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Stocks |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current assets |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
- |
( |
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Provisions for liabilities |
( |
( |
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Accruals and deferred income |
( |
( |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
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Total equity |
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For the financial period ending 31 December 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
• |
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• |
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
All of the company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.
Page 5 |
CHG Inter-Trading Limited
(Registration number: 06700764)
Abridged Balance Sheet as at 31 December 2016
Approved and authorised by the
.........................................
Mr R M Chevalier-Hernandez
Director
Page 6 |
CHG Inter-Trading Limited
Statement of Changes in Equity for the Period from 1 October 2015 to 31 December 2016
Share capital |
Profit and loss account |
Total |
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At 1 October 2015 |
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Loss for the period |
- |
( |
( |
Total comprehensive income |
- |
( |
( |
At 31 December 2016 |
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Share capital |
Profit and loss account |
Total |
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At 1 October 2014 |
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Profit for the period |
- |
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Total comprehensive income |
- |
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At 30 September 2015 |
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Page 7 |
CHG Inter-Trading Limited
Notes to the Abridged Financial Statements for the Period from 1 October 2015 to 31 December 2016
General information |
The company is a private company limited by share capital incorporated in England.
The address of its registered office is:
These financial statements were authorised for issue by the
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These abridged financial statements were prepared in accordance with Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
Basis of preparation
These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.
Tax
The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Page 8 |
CHG Inter-Trading Limited
Notes to the Abridged Financial Statements for the Period from 1 October 2015 to 31 December 2016
Deferred income tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.
Tangible assets
Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
Asset class |
Depreciation method and rate |
Office equipment |
33.33% straight line basis |
Motor vehicle |
20.00% reducing balance |
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.
Page 9 |
CHG Inter-Trading Limited
Notes to the Abridged Financial Statements for the Period from 1 October 2015 to 31 December 2016
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Staff numbers |
The average number of persons employed by the company (including the director) during the period, was
Loss/profit before tax |
Arrived at after charging/(crediting)
2016 |
2015 |
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Depreciation expense |
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Page 10 |
CHG Inter-Trading Limited
Notes to the Abridged Financial Statements for the Period from 1 October 2015 to 31 December 2016
Tangible assets |
Total |
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Cost or valuation |
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At 1 October 2015 |
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At 31 December 2016 |
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Depreciation |
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At 1 October 2015 |
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Charge for the year |
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At 31 December 2016 |
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Carrying amount |
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At 31 December 2016 |
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At 30 September 2015 |
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Stocks |
2016 |
2015 |
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Finished goods and goods for resale |
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Page 11 |