C H CHAM LIMITED
|
|
|
|
|
|
|
Directors Report |
|
|
|
|
|
|
for the Period Ended 31 March 2016 |
|
|
|
|
The directors present their report with the financial statements of the company for the |
period ended 31 March 2016 |
|
|
|
|
|
Principal activities |
|
|
|
|
|
|
The principal activity of the company in the period under review was |
|
that of a takeaway food shop.
|
|
|
|
|
|
Directors |
|
|
|
|
|
|
|
The director(s) shown below have held office during the whole of the period |
C C CHAM
|
|
|
|
|
|
|
|
Small Company Provisions |
|
|
|
|
|
These accounts have been prepared in accordance with the provisions applicable to |
companies subject to the small companies regime. |
|
|
|
|
This report was approved by the board of directors on |
2016-10-19
|
|
and signed on behalf of the board by |
|
|
|
|
Name |
C C CHAM |
|
|
|
|
|
|
Status |
Director |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Page 4 |
C H CHAM LIMITED
|
|
|
|
|
|
|
|
|
Balance Sheet |
|
|
|
|
|
|
|
for the Period Ended 31 March 2016 |
|
|
|
|
|
|
|
|
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
|
|
For the year ending 31 March 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
|
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
|
|
|
|
|
|
|
|
|
|
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
|
|
The financial statements were approved by the Board of Directors on |
2016-10-19
|
|
|
SIGNED ON BEHALF OF THE BOARD BY |
|
|
|
|
|
|
|
|
|
|
|
|
Name |
C C CHAM |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
The notes form part of these financial statements |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Page 7 |
|
C H CHAM LIMITED
|
|
|
|
|
|
|
|
Notes to the Financial Statements |
|
|
|
|
|
for the Period Ended 31 March 2016 |
|
|
|
|
|
1. Accounting policies |
|
|
|
|
|
|
Basis of preparation |
|
|
|
|
|
|
|
The financial statements have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective January 2015).
|
Turnover |
|
|
|
|
|
|
|
|
The turnover shown in the profit and loss account represents revenue earned during the period, exclusive of VAT.Long-term and ongoing contracts turnover represents the value of work done including estimates of amounts not yet invoiced and is recognised by reference to the stage of completion.
|
Tangible fixed assets Depreciation |
|
|
|
|
|
Depreciation is provided, after taking account of any grants receivable, at the following annual rates in order to write off each asset over its estimated useful life.
|
Fixtures and fittings |
25% per annum on the reducing balance method
|
|
|
|
|
|
Plant and machinery |
|
25% per annum on the reducing balance method
|
|
|
|
|
|
Intangible fixed assets |
|
|
|
|
|
|
Intangible fixed assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight basis over their estimated useful economic lives, not to exceed twenty years. Impairment of intangible assets is only reviewed where circumstance indicate that the carrying value of an asset may not be fully recoverable.
|
Stocks |
|
|
|
|
|
|
|
|
Stocks and work-in-progress 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 expenditure and an appropriate proportion of fixed and variable overheads.
|
Deferred taxation |
|
|
|
|
|
|
|
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Page 8 |
|
C H CHAM LIMITED
|
|
|
|
|
|
|
|
Notes to the Financial Statements |
|
|
|
|
|
for the Period Ended 31 March 2016 |
|
|
|
|
|
2. Turnover |
|
|
|
|
2016 |
2015 |
|
|
|
|
|
|
|
£ |
£ |
|
United Kingdom |
|
|
|
|
74,522
|
74,228
|
|
|
|
|
|
|
|
_____ |
_____ |
|
Total |
|
|
|
|
|
74,522
|
74,228
|
|
3. Operating profit/(loss) |
|
|
|
|
|
|
Profit before tax as stated after charging the following |
2016 |
2015 |
|
|
|
|
|
|
|
£ |
£ |
|
Depreciation - owned assets |
|
|
|
207
|
276
|
|
Amortisation charge for the year |
|
|
3,250
|
3,250
|
|
4. Taxation |
|
|
|
|
|
|
|
The tax charge on the profit on ordinary activities |
|
|
|
for the period was as follows |
|
|
|
2016 |
2015 |
|
|
|
|
|
|
|
£ |
£ |
|
UK Corporation Tax net of reliefs |
|
|
1,420
|
1,568
|
|
|
|
|
|
|
|
____ |
____ |
|
Tax on profit on ordinary activities |
|
|
1,420
|
1,568
|
|
5. Dividends |
|
|
|
|
2016 |
2015 |
|
|
|
|
|
|
|
£ |
£ |
|
Dividend on ordinary shares paid in period |
|
3,000
|
4,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Page 9 |
|