Company Registration No. 06773672 (England and Wales)
Charter Services Janitorial Limited
Unaudited Abbreviated Financial Statements
For The Year Ended 31 July 2016
Charter Services Janitorial Limited
Contents
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
Charter Services Janitorial Limited
Abbreviated Balance Sheet
As At 31 July 2016
Page 1
2016
2015
Notes
£
£
£
£
Fixed assets
Intangible assets
2
3,945
5,917
Tangible assets
2
1,023
1,364
4,968
7,281
Current assets
Stocks
20,500
19,000
Debtors
5,651
4,148
26,151
23,148
Creditors: amounts falling due within one year
(12,479)
(12,362)
Net current assets
13,672
10,786
Total assets less current liabilities
18,640
18,067
Capital and reserves
Called up share capital
3
100
100
Profit and loss account
18,540
17,967
Shareholders' funds
18,640
18,067
For the financial year ended 31 July 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 28 February 2017
Mr T McPhillips
Director
Company Registration No. 06773672
Charter Services Janitorial Limited
Notes To The Abbreviated Accounts
For The Year Ended 31 July 2016
Page 2
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts. Turnover is recognised when goods are physically delivered to the customer and the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due. Where a contract has only been partially completed at the balance sheet date turnover represents the value of the services provided to the date based on a proportion of the total expected consideration at completion. Where payments are received from customers in advance of services provided, the amounts are recorded as Deferred Income and included as part of Creditors due within one year.
Turnover is recognised when goods are physically delivered to the customer and the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due.
Where a contract has only been partially completed at the balance sheet date turnover represents the value of the services provided to the date based on a proportion of the total expected consideration at completion. Where payments are received from customers in advance of services provided, the amounts are recorded as Deferred Income and included as part of Creditors due within one year.
1.4
Goodwill
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.
1.5
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Fixtures, fittings & equipment
Reducing balance 10%
Motor vehicles
Reducing balance 25%
Charter Services Janitorial Limited
Notes To The Abbreviated Accounts (Continued)
For The Year Ended 31 July 2016
Page 3
2
Fixed assets
Intangible assets
Tangible assets
Total
£
£
£
Cost
At 1 August 2015 & at 31 July 2016
19,723
2,967
22,690
Depreciation
At 1 August 2015
13,806
1,603
15,409
Charge for the year
1,972
341
2,313
At 31 July 2016
15,778
1,944
17,722
Net book value
At 31 July 2016
3,945
1,023
4,968
At 31 July 2015
5,917
1,364
7,281
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
100 Ordinary shares of £1 each
100
100
4
Related party relationships and transactions
Loans from Directors
The following Director made interest free loans
% Rate
Opening Balance
Amounts Advanced
Interest Charged
Amounts Repaid
Closing Balance
£
£
£
£
£
Mr P G Coles -
-
3,066
2,300
-
5,366
3,066
2,300
-
-
5,366