Chief Trading Post Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 03275361 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2018

for

Chief Trading Post Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Report of the Accountant

6

DIRECTOR:

R J Tanner

SECRETARY:

D Rogers

REGISTERED OFFICE:

The Nurseries

Barry Road

Oldland Common

Bristol

BS30 6QY

REGISTERED NUMBER:

03275361 (England and Wales)

ACCOUNTANT:

Iain S E Wiltshire

Chartered Accountants

111 High Street

Hanham

Bristol

BS15 3QG

FIXED ASSETS

Tangible assets

4

412,450

415,150

CURRENT ASSETS

Stocks

1,197,800

Debtors

5

11,160

13,885

Cash at bank and in hand

6,841

6,146

1,215,801

1,217,831

CREDITORS

Amounts falling due within one year

6

(1,648,319

)

(1,622,672

)

NET CURRENT LIABILITIES

(432,518

)

(404,841

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(20,068

)

10,309

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

(20,168

)

10,209

SHAREHOLDERS' FUNDS

(20,068

)

10,309

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 17 December 2018 and were signed by:

R J Tanner - Director

1.	STATUTORY INFORMATION

Chief Trading Post 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.

Plant and machinery etc

-

25% on reducing balance, 20% on reducing balance and 15% on reducing balance

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 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 24 (2017 - 22 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

COST

At 1 April 2017

and 31 March 2018

404,188

142,969

547,157

DEPRECIATION

At 1 April 2017

-

132,007

Charge for year

-

2,700

At 31 March 2018

-

134,707

NET BOOK VALUE

At 31 March 2018

404,188

8,262

412,450

At 31 March 2017

404,188

10,962

415,150

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

Other debtors

11,160

13,885

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

Bank loans and overdrafts

62,038

45,767

Trade creditors

66,150

74,576

Taxation and social security

26,361

15,638

Other creditors

1,493,770

1,486,691

1,648,319

1,622,672

7.	SECURED DEBTS

The following secured debts are included within creditors:

2018

2017

£

Bank overdrafts

62,038

42,886

Bank loans

-

2,881

62,038

45,767

The bank loan and overdraft are secured by a fixed and floating charge over the company's assets.

8.	RELATED PARTY DISCLOSURES

Included in other creditors is £1,446,120 (2017 - £1.239,669) owed to companies under the control of the

director R J Tanner.

9.	ULTIMATE CONTROLLING PARTY

The controlling party is R J Tanner.

The following reproduces the text of the report prepared for the director in respect of the company's annual

unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file

a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the

Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 March 2018 set out on pages three to seven and you consider that the company is exempt from an audit.

In accordance with your instructions, I have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to me.

Iain S E Wiltshire

Chartered Accountants

111 High Street

Hanham

Bristol

BS15 3QG

17 December 2018

Chief Trading Post Limited - Accounts to registrar (filleted) - small 18.2

Chief Trading Post Limited - Accounts to registrar (filleted) - small 18.2