For the year ended 30 September 2014
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 07790449
Chris Finch Limited
For the year ended 30 September 2014
1
Accountants' Report
2
Balance Sheet
3 to 4
Notes to the Abbreviated Financial Statements
Chris Finch Limited
Accountants' Report
For the year ended 30 September 2014
In accordance with our terms of engagement
,
and in order to assist you to fulfill your duties under the Companies
|
Act
2006
,
we have prepared the financial statements for the year ended
30
November
2014
which comprise of the
|
Profit and Loss Account
,
Balance Sheet and related notes
.
|
We have prepared these financial statments based on the accounting records
,
information and explanations
|
provided to us
.
You have not instructed us to carry out and audit of the financial statements
.
For this reason
,
we
|
have not verified the accuracy or completeness of the accounting records
,
information or explanations given to us
|
and we
,
therefore
,
do not express any opinion on the financial statements
.
|
This report is made solely to the Board of Directors of Chris Finch Limited in accordance with our terms of
|
engagement
.
Our work has been undertaken solely to prepare
,
for your approval
,
the financial statements and to
|
state those matters that we have agreed to state to the Board and for no other purpose
.
To the fullest extnet
|
permitted by law
,
we do not accept or assume responsibility to anyone other than Chris Finch Limited and its Board
|
of Directors for our work on this report
.
|
MBS Accountants
3 Tuffley Park
Lower Tuffley Lane
Tuffley
Gloucester
GL2 5DE
17 June 2015
1 of 4
Notes to the Abbreviated Financial Statements
|
Chris Finch Limited
For the year ended 30 September 2014
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
|
The financial statements have been prepared on a going concern basis. The company's ongoing activities are dependent upon the continued support of the directors who have undertaken to provide such support for the foreseeable future. If the going concern basis were not appropriate, adjustments would have to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that may arise and to reclassify fixed assets as current assets and long term liabilities as current liabilities.
|
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
|
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
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.
|
Proposed dividends are only included as liabilities in the financial statements when their payment has been approved
|
by the shareholders prior to the balance sheet date
.
|
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:
|
Computer Equipment
3 of 4
Notes to the Abbreviated Financial Statements
|
Chris Finch Limited
For the year ended 30 September 2014
999
999
250
Charge for year
250
749
Allotted called up and fully paid
|
2014
2013
10
Class A shares of £
1
.
00
each
|
10
10
10
10
4 of 4