Charnock Donnelly Ltd Accounts
Charnock Donnelly Ltd Accounts
Charnock Donnelly Ltd FILLETED ACCOUNTS COVER |
Company No. 06613343 | |||||||||
Charnock Donnelly Ltd DIRECTORS REPORT REGISTRAR |
The Director presents his report and the accounts for the year ended 30 June 2017. | |||||||||
Principal activities | |||||||||
Director | |||||||||
The Director who served at any time during the year was as follows: | |||||||||
A. Parmar | |||||||||
Signed on behalf of the board | |||||||||
A. Parmar | |||||||||
Director | |||||||||
30 June 2017 |
Charnock Donnelly Ltd BALANCE SHEET REGISTRAR |
at | ||||||||||
Company No. | Notes | 2017 | 2016 | |||||||
£ | £ | |||||||||
Fixed assets | ||||||||||
Tangible assets | 3 | |||||||||
Investments | 4 | |||||||||
Current assets | ||||||||||
Debtors | 5 | |||||||||
Cash at bank and in hand | ||||||||||
Creditors: Amount falling due within one year | 6 | ( | ( | |||||||
Net current liabilities | ( | ( | ||||||||
Total assets less current liabilities | ( | ( | ||||||||
Net liabilities | ( | ( | ||||||||
Capital and reserves | ||||||||||
Called up share capital | ||||||||||
Profit and loss account | 7 | ( | ( | |||||||
Total equity | ( | ( | ||||||||
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account. | ||||||||||
Approved by the board on 30 June 2017 | ||||||||||
And signed on its behalf by: | ||||||||||
A. Parmar | ||||||||||
Director |
Charnock Donnelly Ltd NOTES TO THE ACCOUNTS REGISTRAR |
for the year ended 30 June 2017 | ||||||||||||||
1 | Accounting policies | |||||||||||||
Basis of preparation | ||||||||||||||
Turnover | ||||||||||||||
Revenue from the sale of goods is recognised when all the following conditions are satisfied: • the Company has transferred to the buyer the significant risks and rewards of ownership of the goods; • the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold; • the amount of revenue can be measured reliably; • it is probable that the economic benefits associated with the transaction will flow to the Company; and • the costs incurred or to be incurred in respect of the transaction can be measured reliably. Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed. | ||||||||||||||
Going concern | ||||||||||||||
Taxation | ||||||||||||||
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period. Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively. | ||||||||||||||
Tangible fixed assets and depreciation | ||||||||||||||
At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss. | ||||||||||||||
Furniture, fittings and equipment | ||||||||||||||
Investments | ||||||||||||||
Trade and other debtors | ||||||||||||||
Trade and other creditors | ||||||||||||||
Foreign currencies | ||||||||||||||
Provisions | ||||||||||||||
Provisions are charged as an expense to the profit and loss account in the year that the Company becomes aware of the obligation, and are measured at the best estimate at balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties. When payments are eventually made, they are charged to the provision carried in the balance sheet. | ||||||||||||||
2 | Employees | |||||||||||||
2017 | 2016 | |||||||||||||
Number | Number | |||||||||||||
The average number of persons employed during the year : | ||||||||||||||
3 | Tangible fixed assets | |||||||||||||
Fixtures, fittings and equipment | Total | |||||||||||||
£ | £ | |||||||||||||
Cost or revaluation | ||||||||||||||
At 1 July 2016 | ||||||||||||||
At 30 June 2017 | ||||||||||||||
Depreciation | ||||||||||||||
At 1 July 2016 | ||||||||||||||
Charge for the year | ||||||||||||||
At 30 June 2017 | ||||||||||||||
Net book values | ||||||||||||||
At 30 June 2017 | ||||||||||||||
At 30 June 2016 | ||||||||||||||
4 | Investments | |||||||||||||
Other investments - Unlisted | Total | |||||||||||||
£ | £ | |||||||||||||
Cost or valuation | ||||||||||||||
At 1 July 2016 | ||||||||||||||
At 30 June 2017 | ||||||||||||||
Provisions/Impairment | ||||||||||||||
Disposals | ||||||||||||||
At 30 June 2017 | ||||||||||||||
Net book values | ||||||||||||||
At 30 June 2017 | ||||||||||||||
At 30 June 2016 | ||||||||||||||
5 | Debtors | |||||||||||||
2017 | 2016 | |||||||||||||
£ | £ | |||||||||||||
Trade debtors | ||||||||||||||
Other debtors | ||||||||||||||
6 | Creditors: | |||||||||||||
amounts falling due within one year | ||||||||||||||
2017 | 2016 | |||||||||||||
£ | £ | |||||||||||||
Bank loans and overdrafts | ||||||||||||||
Trade creditors | ||||||||||||||
Other taxes and social security | ||||||||||||||
Loans from directors | ||||||||||||||
Accruals and deferred income | ||||||||||||||
7 | Reserves | |||||||||||||
8 | Related party disclosures | |||||||||||||
Controlling parties | ||||||||||||||
Immediate controlling party | ||||||||||||||
Ultimate controlling party | Mr A Parmer | |||||||||||||
9 | Additional information | |||||||||||||
Its registered number is: | ||||||||||||||
Its registered office is: | ||||||||||||||