Company Registration No. 8597844 (England and Wales)
CHEVINGTON FINANCE AND SERVICE GROUP LIMITED
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2015
CHEVINGTON FINANCE AND SERVICE GROUP LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
CHEVINGTON FINANCE AND SERVICE GROUP LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 MARCH 2015
31 March 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
2
1,416,648
805,053
Investments
2
550,002
550,000
1,966,650
1,355,053
Current assets
Debtors
-
27,125
Creditors: amounts falling due within one year
(170,210)
(99,529)
Net current liabilities
(170,210)
(72,404)
Total assets less current liabilities
1,796,440
1,282,649
Creditors: amounts falling due after more than one year
(1,182,297)
(732,649)
614,143
550,000
Capital and reserves
Called up share capital
3
550,000
550,000
Profit and loss account
64,143
-
Shareholders' funds
614,143
550,000
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.
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 24 November 2015
Mrs Debbie Morris
Director
Company Registration No. 8597844
CHEVINGTON FINANCE AND SERVICE GROUP LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2015
- 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 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 and services net of VAT and trade discounts.
1.4
Tangible fixed assets and depreciation
Tangible fixed assets other than freehold land 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:
Land and buildings Freehold
Not depreciated
1.5
Investments
Fixed asset investments are stated at cost less provision for diminution in value.
2
Fixed assets
Tangible assets
Investments
Total
£
£
£
Cost
At 1 April 2014
805,053
550,000
1,355,053
Additions
611,595
2
611,597
At 31 March 2015
1,416,648
550,002
1,966,650
At 31 March 2014
805,053
550,000
1,355,053
Chevington Finance And Service Group Limited acquired the entire share capital of Chevington Service Limited on 1 April 2014.
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
550,000 Ordinary of £1 each
550,000
550,000