S. Catterall Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 06485037 (England and Wales)

Abbreviated Unaudited Accounts For The Year Ended 30 September 2015

for

S. CATTERALL LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

Chartered Accountants' Report

7

DIRECTOR:

S Catterall

REGISTERED OFFICE:

66 Cross Street

Sale

Manchester

M33 7AN

REGISTERED NUMBER:

06485037 (England and Wales)

ACCOUNTANTS:

Charles & Company

Chartered Accountants

66 Cross Street

Sale

Manchester

M33 7AN

FIXED ASSETS

Intangible assets

2

9,000

10,500

Tangible assets

3

15,491

12,693

24,491

23,193

CURRENT ASSETS

Stocks

21,760

75,578

Debtors

65,464

72,375

Cash at bank and in hand

20,336

-

107,560

147,953

CREDITORS

Amounts falling due within one year

123,154

150,309

NET CURRENT LIABILITIES

(15,594

)

(2,356

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

8,897

20,837

CREDITORS

Amounts falling due after more than one
year

-

2,588

NET ASSETS

8,897

18,249

CAPITAL AND RESERVES

Called up share capital

4

100

Profit and loss account

8,797

18,149

SHAREHOLDERS' FUNDS

8,897

18,249

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2015 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections
394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial
statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 21 June 2016 and were signed by:

S Catterall - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The

capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 October 2014

and 30 September 2015

20,000

AMORTISATION

At 1 October 2014

9,500

Amortisation for year

1,500

At 30 September 2015

11,000

NET BOOK VALUE

At 30 September 2015

9,000

At 30 September 2014

10,500

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 October 2014

23,590

Additions

10,130

Disposals

(7,756

)

At 30 September 2015

25,964

DEPRECIATION

At 1 October 2014

10,897

Charge for year

4,637

Eliminated on disposal

(5,061

)

At 30 September 2015

10,473

NET BOOK VALUE

At 30 September 2015

15,491

At 30 September 2014

12,693

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

100

Ordinary

1

100

5.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 30 September 2015 and the

period ended 30 September 2014:

2015

2014

£

S Catterall

Balance outstanding at start of year

210

-

Amounts advanced

15,897

210

Amounts repaid

(210

)

-

Balance outstanding at end of year

15,897

210

Advances to director are interest free and repayable on demand.

6.	CONTROLLING PARTY

During the year the company was under the control of the director and his spouse by virtue of their interest in the

issued share capital of the company.

The following reproduces the text of the report prepared for the director in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to six) have

been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of S. Catterall Limited for the year ended 30 September 2015 which comprise the Profit and Loss

Account, the Balance Sheet and the related notes from the company's accounting records and from information and

explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the director of S. Catterall Limited in accordance with the terms of our engagement letter dated 19 June 2011. Our work has been undertaken solely to prepare for your approval the financial statements of S. Catterall Limited and state those matters that we have agreed to state to the director of S. Catterall Limited in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that S. Catterall 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 S. Catterall Limited. You consider that S. Catterall 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 S. Catterall 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.

Charles & Company

Chartered Accountants

66 Cross Street

Sale

Manchester

M33 7AN

21 June 2016