|
|
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Unaudited Financial Statements |
|
for the Year Ended 30th June 2018 |
|
for |
|
Chaseville Motor Company Limited |
|
|
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Unaudited Financial Statements |
|
for the Year Ended 30th June 2018 |
|
for |
|
Chaseville Motor Company Limited |
Chaseville Motor Company Limited (Registered number: 06612385) |
|
|
|
|
|
|
Contents of the Financial Statements |
for the year ended 30th June 2018 |
|
|
|
|
Page |
|
Company Information | 1 |
|
Balance Sheet | 2 |
|
Notes to the Financial Statements | 3 |
|
Chaseville Motor Company Limited |
|
Company Information |
for the year ended 30th June 2018 |
|
|
|
|
|
|
|
DIRECTOR: |
|
|
|
|
|
|
REGISTERED OFFICE: |
|
|
|
|
|
|
|
|
|
|
|
REGISTERED NUMBER: |
|
|
|
|
|
|
ACCOUNTANTS: |
|
Accountants and Tax Advisers |
2nd Floor |
Katherine House |
11 Wyllyotts Place |
Potters Bar |
Hertfordshire |
EN6 2JD |
Chaseville Motor Company Limited (Registered number: 06612385) |
|
Balance Sheet |
30th June 2018 |
|
30.6.18 | 30.6.17 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
|
|
|
CURRENT ASSETS |
Debtors | 5 |
|
|
Cash at bank |
|
|
|
|
CREDITORS |
Amounts falling due within one year | 6 |
|
|
NET CURRENT (LIABILITIES)/ASSETS | ( |
) |
|
TOTAL ASSETS LESS CURRENT
LIABILITIES |
|
|
|
CAPITAL AND RESERVES |
Called up share capital |
|
|
Share premium |
|
|
Retained earnings | ( |
) |
|
SHAREHOLDERS' FUNDS |
|
|
|
|
|
|
|
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. |
|
|
|
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
|
|
|
|
|
|
|
|
Chaseville Motor Company Limited (Registered number: 06612385) |
|
Notes to the Financial Statements |
for the year ended 30th June 2018 |
|
1. | STATUTORY INFORMATION |
|
Chaseville Motor Company Limited is a
|
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 |
|
|
The financial statements have been prepared on a going concern basis which assumes the company will continue |
in operational existence for the foreseeable future. The validity of this assumption is based on the continuing |
support the company receives from its directors, creditors and its bank. |
|
Taking this into account the directors believe that it is appropriate for the financial statements to be prepared on |
a going concern basis. |
|
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 |
|
Plant and machinery etc | - |
|
|
Financial instruments |
Financial assets and financial liabilities are recognised in the company's balance sheet when the company |
becomes a party to the contractual provisions of instrument. |
|
Basic financial assets |
Basic financial assets, which include trade and other receivables, cash and bank balances are initially measured |
at transaction price including transaction cost and are subsequently carried at amortised cost using the effective |
interest method. |
|
Impairment |
Assets not measured at fair value are reviewed for any indications that the asset may be impaired at each balance |
sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is |
estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an |
impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the |
impairment loss is a revaluation decrease. |
|
If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, |
the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the |
currying amount would have been, had the impairment not previously been recognised.The impairment reversal |
is recognised in profit or loss. |
Chaseville Motor Company Limited (Registered number: 06612385) |
|
Notes to the Financial Statements - continued |
for the year ended 30th June 2018 |
|
2. | ACCOUNTING POLICIES - continued |
|
Classification of financial liabilities |
Financial liabilities and equity instruments are classified according to the substance of the contractual |
arrangements entered into. An equity instrument is any contract that evidences residual interest in the assets of |
the company after deducting all of its liabilities. |
|
Basic financial liabilities, including trade and other payables and bank loans, are initially recognised at |
transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is |
measured at the present value of the future payments discounted at the market rate of interest. |
|
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. |
|
Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of |
business from suppliers. Accounts payable are classified as current liabilities if payment is due within one year or |
less. If not, they are presented as non-current liabilities. Trade payables are recognised initially at transaction |
price and subsequently measured at amortised cost using the effective interest method. |
|
Taxation |
Taxation for the year comprises current 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 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. |
|
3. | EMPLOYEES AND DIRECTORS |
|
The average number of employees during the year was
|
|
4. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
£ |
COST |
At 1st July 2017 |
|
Additions |
|
Disposals | ( |
) |
At 30th June 2018 |
|
DEPRECIATION |
At 1st July 2017 |
|
Charge for year |
|
Eliminated on disposal | ( |
) |
At 30th June 2018 |
|
NET BOOK VALUE |
At 30th June 2018 |
|
At 30th June 2017 |
|
Chaseville Motor Company Limited (Registered number: 06612385) |
|
Notes to the Financial Statements - continued |
for the year ended 30th June 2018 |
|
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.6.18 | 30.6.17 |
£ | £ |
Trade debtors |
|
|
Other debtors |
|
|
|
|
|
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.6.18 | 30.6.17 |
£ | £ |
Trade creditors |
|
|
Taxation and social security |
|
|
Other creditors |
|
|
|
|
|
7. | RELATED PARTY DISCLOSURES |
|
Other creditors falling due within one year (note 5) include a loan from the director Mr T Georgiou of £3,206 |
(2017 £3,206). No interest is charged on that loan. |