Company Registration No. 07094956 (England and Wales)
CHIGNAL BRICKWORKS LIMITED
DIRECTOR'S REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2015
CHIGNAL BRICKWORKS LIMITED
COMPANY INFORMATION
Director
Mr D Phipps
Secretary
Company number
07094956
Registered office
86 Haig Court
Bradford Street
Chelmsford
Essex
CM2 0BJ
Accountants
TaxAssist Accountants
The Old Post Office
287 Baddow Road
Chelmsford
Essex
CM2 7QA
Business address
86 Haig Court
Bradford Street
Chelmsford
Essex
CM2 0BJ
CHIGNAL BRICKWORKS LIMITED
CONTENTS
Page
Director's report
1
Accountants' report
2
Profit and loss account
3
Balance sheet
4 - 5
Notes to the financial statements
6 - 8
CHIGNAL BRICKWORKS LIMITED
DIRECTOR'S REPORT
FOR THE YEAR ENDED 31 MARCH 2015
- 1 -
The director presents his report and financial statements for the year ended 31 March 2015.
Director
The following director has held office since 1 April 2014:
Mr D Phipps
Mr S Longman
(Resigned 25 July 2014)
This report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.
On behalf of the board
Mr D Phipps
Director
18 December 2015
CHIGNAL BRICKWORKS LIMITED
ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF CHIGNAL BRICKWORKS LIMITED FOR THE YEAR ENDED 31 MARCH 2015
- 2 -
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Chignal Brickworks Limited for the year ended 31 March 2015 set out on pages 3 to 8 from the company’s accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Chignal Brickworks Limited, as a body, in accordance with the terms of our engagement letter dated 9 August 2010. Our work has been undertaken solely to prepare for your approval the financial statements of Chignal Brickworks Limited and state those matters that we have agreed to state to the Board of Directors of Chignal Brickworks Limited, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Chignal Brickworks Limited and its Board of Directors as a body, for our work or for this report.
It is your duty to ensure that Chignal Brickworks Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Chignal Brickworks Limited. You consider that Chignal Brickworks Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Chignal Brickworks Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
TaxAssist Accountants
11 December 2015
Accountants
The Old Post Office
287 Baddow Road
Chelmsford
Essex
CM2 7QA
CHIGNAL BRICKWORKS LIMITED
PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2015
- 3 -
2015
2014
Notes
£
£
Turnover
251,369
300,008
Cost of sales
(164,896)
(230,287)
Gross profit
86,473
69,721
Administrative expenses
(36,064)
(35,100)
Operating profit
2
50,409
34,621
Interest payable and similar charges
(1)
(11)
Profit on ordinary activities before taxation
50,408
34,610
Tax on profit on ordinary activities
3
(10,282)
(7,299)
Profit for the year
9
40,126
27,311
CHIGNAL BRICKWORKS LIMITED
BALANCE SHEET
AS AT
31 MARCH 2015
31 March 2015
- 4 -
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
5
6,060
7,061
Current assets
Stocks
3,000
2,035
Debtors
6
30,680
26,787
Cash at bank and in hand
994
2,740
34,674
31,562
Creditors: amounts falling due within one year
7
(18,217)
(28,497)
Net current assets
16,457
3,065
Total assets less current liabilities
22,517
10,126
Capital and reserves
Called up share capital
8
2
2
Share premium account
9
10,000
10,000
Profit and loss account
9
12,515
124
Shareholders' funds
22,517
10,126
CHIGNAL BRICKWORKS LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2015
31 March 2015
- 5 -
For the financial 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.
Director's 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and the Financial Reporting Standard for Smaller Entities (effective April 2008).
Approved by the Board for issue on 18 December 2015
Mr D Phipps
Director
Company Registration No. 07094956
CHIGNAL BRICKWORKS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2015
- 6 -
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 April 2008).
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 net of VAT and trade discounts.
1.4
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:
Plant and machinery
25% reducing basis
Fixtures, fittings & equipment
25% reducing basis
2
Operating profit
2015
2014
£
£
Operating profit is stated after charging:
Depreciation of tangible assets
1,842
2,282
Director's remuneration
16,584
15,384
3
Taxation
2015
2014
£
£
Domestic current year tax
U.K. corporation tax
10,282
7,299
Total current tax
10,282
7,299
4
Dividends
2015
2014
£
£
Ordinary interim paid
27,735
27,310
CHIGNAL BRICKWORKS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2015
- 7 -
5
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2014
16,499
Additions
841
At 31 March 2015
17,340
Depreciation
At 1 April 2014
9,438
Charge for the year
1,842
At 31 March 2015
11,280
Net book value
At 31 March 2015
6,060
At 31 March 2014
7,061
6
Debtors
2015
2014
£
£
Trade debtors
20,563
8,049
Other debtors
10,117
18,738
30,680
26,787
Other debtors consists of the following amounts:
Retentions £8,486
S455 tax repayable £1,407
VAT repayable £ 224
CHIGNAL BRICKWORKS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2015
- 8 -
7
Creditors: amounts falling due within one year
2015
2014
£
£
Trade creditors
1,704
921
Taxation and social security
14,876
8,980
Other creditors
1,637
18,596
18,217
28,497
Other creditors includes the following amount, which is due to the director:
D Phipps £1,168 (2014-£18,165)
8
Share capital
2015
2014
£
£
Allotted, called up and fully paid
2 Ordinary of £1 each
2
2
9
Statement of movements on reserves
Share premium account
Profit
and loss
account
£
£
Balance at 1 April 2014
10,000
124
Profit for the year
40,126
Dividends paid
(27,735)
Balance at 31 March 2015
10,000
12,515
10
Transactions with directors
At the balance sheet date, the company owes the director; Mr D Phipps £1,168.
CHIGNAL BRICKWORKS LIMITED
DETAILED TRADING AND PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2015
2015
2014
£
£
£
£
Turnover
Sales
251,369
300,008
Cost of sales
Opening stock of work in progress
2,035
3,107
Materials
9,338
11,277
Subcontract labour
156,523
217,938
167,896
232,322
Closing stock of work in progress
(3,000)
(2,035)
(164,896)
(230,287)
Gross profit
34.40%
86,473
23.24%
69,721
Administrative expenses
Directors' remuneration
16,584
15,384
Staff training
-
590
Waste disposal
1,271
-
Rent re licences and other
204
192
Insurance
2,408
1,785
Repairs and maintenance
31
251
Protective clothing
18
433
Printing, postage and stationery
91
97
Telephone
929
1,400
Hire of equipment
1,407
921
Motor running expenses
5,481
8,594
Domain name
55
70
Travelling expenses
-
46
Accountancy
2,495
2,485
Bank charges
705
568
Bad and doubtful debts
2,543
-
Staff welfare
-
2
Depreciation on plant and machinery
1,645
2,091
Depreciation on FF & E
197
191
Administrative expenses
(36,064)
(35,100)
Operating profit
50,409
34,621
Interest payable
Other interest paid
(1)
(11)
Profit before taxation
20.05%
50,408
11.54%
34,610
CHIGNAL BRICKWORKS LIMITED
DETAILED TRADING AND PROFIT AND LOSS ACCOUNT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2015
2015-03-31
2014-04-01
false
true
true
true
true
true
tmp16D9.html
2015-12-22
07094956
2014-04-01
2015-03-31
07094956
uk-bus:Director1
2014-04-01
2015-03-31
07094956
uk-bus:Director2
2014-04-01
2015-03-31
07094956
uk-bus:RegisteredOffice
2014-04-01
2015-03-31
07094956
uk-bus:EntityAccountantsOrAuditors
2014-04-01
2015-03-31
07094956
2015-03-31
07094956
uk-bus:EntityAccountantsOrAuditors
2015-03-31
07094956
2013-04-01
2014-03-31
07094956
2014-03-31
07094956
2014-03-31
07094956
uk-gaap:PlantMachinery
2014-04-01
2015-03-31
07094956
uk-gaap:FixturesFittingsToolsEquipment
2014-04-01
2015-03-31
07094956
uk-gaap:OwnedOrFreeholdTangibleFixedAssets
2014-04-01
2015-03-31
07094956
uk-gaap:OwnedOrFreeholdTangibleFixedAssets
2013-04-01
2014-03-31
07094956
uk-bus:AllEntityOfficers
2014-04-01
2015-03-31
07094956
uk-bus:AllEntityOfficers
2013-04-01
2014-03-31
07094956
uk-bus:OrdinaryShareClass1
2014-04-01
2015-03-31
07094956
uk-bus:OrdinaryShareClass1
2015-03-31
07094956
uk-bus:OrdinaryShareClass1
2014-03-31
xbrli:pure
xbrli:shares
iso4217:GBP