Chatton Associates Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 08332120

Abbreviated Unaudited Accounts

for the Year Ended 31 March 2016

for

Chatton Associates Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

M S Hunter

SECRETARY:

C H C Hunter

REGISTERED OFFICE:

The Coach House

Church Hill

Chatton

Alnwick

Northumberland

NE66 5PY

REGISTERED NUMBER:

08332120

ACCOUNTANTS:

A H & Co Ltd

Chartered Accountants

6 Logie Mill

Edinburgh

Lothian

EH7 4HG

CURRENT ASSETS

Debtors

7,548

8,877

Cash at bank

148,235

215

155,783

9,092

CREDITORS

Amounts falling due within one year

36,946

8,992

NET CURRENT ASSETS

118,837

100

TOTAL ASSETS LESS CURRENT
LIABILITIES

118,837

100

CAPITAL AND RESERVES

Called up share capital

2

100

Profit and loss account

118,737

-

SHAREHOLDERS' FUNDS

118,837

100

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 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 20 June 2016 and were signed by:

M S Hunter - 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).

Exemption from preparing a cash flow statement

Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a small

company.

Turnover

Turnover represents net invoiced sales of services, excluding value added tax, except in respect of service contracts where

turnover is recognised when the company obtains the right to consideration.

Deferred tax

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 average tax rates that are expected to apply

when the timing differences reverse, based on current tax rates and laws.

Deferred tax is not provided on timing differences arising from the revaluation of fixed assets where there is no

commitment to sell the asset.

Deferred tax assets and liabilities are not discounted.

2.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.16

31.3.15

value:

£

100

Ordinary

£1

100

3.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2016 and 31 March 2015:

31.3.16

31.3.15

£

M S Hunter

Balance outstanding at start of year

7,280

8,791

Amounts advanced

(2,208

)

8,988

Amounts repaid

(7,280

)

(10,499

)

Balance outstanding at end of year

(2,208

)

7,280