Chase RV Electrics Limited
|
For the year ended 31 March 2015
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 04252311
Chase RV Electrics Limited
For the year ended 31 March 2015
1
Accountants' Report
2
Balance Sheet
3 to 4
Notes to the Abbreviated Financial Statements
Accountants' Report
For the year ended 31 March 2015
Chase RV Electrics Limited
As described on the balance sheet you are responsible for the preparation of the financial statements for the year ended
31
|
March
2015
and you consider that the company is exempt from an audit under the Companies Act
2006
.
|
In accordance with your instructions
,
we 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 us
.
|
Peter Hearne Associates Ltd
2 Parkside Court
Greenhough Road
Lichfield
Staffs
WS13 7FE
09 November 2015
1 of 4
Abbreviated Balance Sheet
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Chase RV Electrics Limited
2015
2014
2
610
513
610
513
800
800
398
1,056
229
1,080
2,085
2,278
Creditors
:
amounts falling due within one year
|
(5,643)
(4,549)
(3,365)
(2,464)
Net current liabilities
Total assets less current liabilities
|
(1,854)
(2,852)
(122)
29
Provisions for liabilities
|
(1,976)
Net liabilities
(2,823)
2
3
2
(1,978)
(2,825)
(1,976)
(2,823)
Shareholders funds
For the year ended 31 March 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
|
Directors responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476;
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2) The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts
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These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
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Date approved by the board: 09 November 2015
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Signed on behalf of the board of directors
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2 of 4
Notes to the Abbreviated Financial Statements
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For the year ended 31 March 2015
Chase RV Electrics Limited
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
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Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
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Deferred taxation arises when items are charged or credited in accounts in different periods to those in which they are included in the company's tax computations.Deferred tax is provided in full on timing differences that result in an obligation to pay more (or less) tax at a future date. Deferred tax is calculated at the average rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. The resulting deferred tax asset or liability is not discounted.
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Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
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Plant and Machinery
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
|
3 of 4
Notes to the Abbreviated Financial Statements
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For the year ended 31 March 2015
Chase RV Electrics Limited
9,961
300
10,261
9,448
203
Charge for year
9,651
610
513
Allotted called up and fully paid
|
2015
2014
2
Ordinary shares of £
1
.
00
each
|
2
2
2
2
4 of 4