Abbreviated Company Accounts - CHURCHILL SEARCH AND SELECTION LIMITED

Abbreviated Company Accounts - CHURCHILL SEARCH AND SELECTION LIMITED

CHURCHILL SEARCH AND SELECTION LIMITED - Company Information

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Registered Number 03155258

CHURCHILL SEARCH AND SELECTION LIMITED

Abbreviated Accounts

30 June 2015

CHURCHILL SEARCH AND SELECTION LIMITED Registered Number 03155258

Abbreviated Balance Sheet as at 30 June 2015

Notes 30/06/2015 31/12/2013
£ £
Fixed assets
Intangible assets 2 12,500 50,000
Tangible assets 3 27,445 27,969
39,945 77,969
Current assets
Stocks 5,000 5,000
Debtors 29,174 27,658
Cash at bank and in hand 100,225 30,865
134,399 63,523
Creditors: amounts falling due within one year (57,200) (28,933)
Net current assets (liabilities) 77,199 34,590
Total assets less current liabilities 117,144 112,559
Creditors: amounts falling due after more than one year (86,944) (106,451)
Total net assets (liabilities) 30,200 6,108
Capital and reserves
Called up share capital 4 100 100
Profit and loss account 30,100 6,008
Shareholders' funds 30,200 6,108
  • For the year ending 30 June 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
  • The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 30 November 2015

And signed on their behalf by:
W P Byrne, Director

CHURCHILL SEARCH AND SELECTION LIMITED Registered Number 03155258

Notes to the Abbreviated Accounts for the period ended 30 June 2015

1Accounting Policies

Basis of measurement and preparation of accounts
These financial statements are prepared under the historical cost convention.

Turnover policy
Turnover represents the total invoice value, excluding Value Added Tax, of sales made during the year.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life as follows:
Office equipment - 15% reducing balance
Fixtures and fittings - 15% reducing balance

Intangible assets amortisation policy
Goodwill acquired in 2006 is being amortised evenly over its expected useful life of 10 years.

Valuation information and policy
Stocks and work in progress are value at the lower of cost and net realisable value.

Other accounting policies
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the rates that are expected to apply when timing differences reverse, based on current rates and laws.

2Intangible fixed assets
£
Cost
At 1 January 2014 250,000
Additions -
Disposals -
Revaluations -
Transfers -
At 30 June 2015 250,000
Amortisation
At 1 January 2014 200,000
Charge for the year 37,500
On disposals -
At 30 June 2015 237,500
Net book values
At 30 June 2015 12,500
At 31 December 2013 50,000
3Tangible fixed assets
£
Cost
At 1 January 2014 71,264
Additions 7,444
Disposals -
Revaluations -
Transfers -
At 30 June 2015 78,708
Depreciation
At 1 January 2014 43,295
Charge for the year 7,968
On disposals -
At 30 June 2015 51,263
Net book values
At 30 June 2015 27,445
At 31 December 2013 27,969
4Called Up Share Capital
Allotted, called up and fully paid:
30/06/2015
£		 31/12/2013
£
100 Ordinary shares of £1 each 100 100