Company Registration No. 03453725 (England and Wales)
CHM Services Limited
Annual report and unaudited financial statements
For the year ended 30 June 2017
Pages for filing with registrar
CHM SERVICES LIMITED
CHM Services Limited
COMPANY INFORMATION
Director
C Hayes
Secretary
MGRWK Company Secretaries Limited
Company number
03453725
Registered office
55 Loudoun Road
St John's Wood
London
Accountants
MGR Weston Kay LLP
55 Loudoun Road
St John's Wood
London
NW8 0DL
CHM SERVICES LIMITED
CHM Services Limited
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
CHM SERVICES LIMITED
CHM Services Limited
BALANCE SHEET
AS AT
30 JUNE 2017
30 June 2017
- 1 -
2017
2016
Notes
£
£
£
£
Current assets
Debtors
2
11,010
11,010
Creditors: amounts falling due within one year
3
(100,292)
(100,292)
Net current liabilities
(89,282)
(89,282)
Capital and reserves
Called up share capital
4
2
2
Profit and loss reserves
(89,284)
(89,284)
Total equity
(89,282)
(89,282)
The director of the company have elected not to include a copy of the profit and loss account within the financial statements.
true
For the financial year ended 30 June 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
T
he director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
T
he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The financial statements were approved and signed by the director and authorised for issue on
25 January 2018
C Hayes
Director
Company Registration No. 03453725
CHM SERVICES LIMITED
CHM Services Limited
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2017
- 2 -
1
Accounting policies
Company information
CHM Services Limited is a
private
company
limited by shares
incorporated in England and Wales.
The registered office is
55 Loudoun Road, St John's Wood, London.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in
sterling
, which is the functional currency of the company.
Monetary a
mounts
in these financial statements are
rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.
1.2
Going concern
For the period ended 30 June 201
7
, the Company's liabilities exceeded its assets by £89,282 (201
6
: £89,282).
The Company meets its day to day working capital requirements from the support of C Hayes, the director.
On the assumption that the company will continue to receive such support, the director considers that it is appropriate to prepare the accounts on the going concern basis. The accounts do not include any adjustments that would result if the director withdrew her financial support.
1.3
Cash and cash equivalents
Cash and cash equivalents
are basic financial assets
and
include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.4
Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
2
Debtors
2017
2016
Amounts falling due within one year:
£
£
Trade debtors
7,338
7,338
Corporation tax recoverable
3,653
3,653
Other debtors
19
19
11,010
11,010
CHM SERVICES LIMITED
CHM Services Limited
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2017
- 3 -
3
Creditors: amounts falling due within one year
2017
2016
£
£
Trade creditors
57,390
57,390
Other taxation and social security
497
497
Other creditors
42,405
42,405
100,292
100,292
4
Called up share capital
2017
2016
£
£
Ordinary share capital
Issued and fully paid
2 Ordinary of £1 each
2
2
5
Controlling party
The ultimate controlling party, which has remained unchanged from the previous year, is C Hayes by virtue of her 100% shareholding in the company.