Choicegold Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 03641749 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 March 2016

for

CHOICEGOLD LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

Mrs S Mullins

SECRETARY:

Mr M Mullins

REGISTERED OFFICE:

Vennacott Farm

Blackdown

Nr Beaminster

Dorset

DT8 3LE

REGISTERED NUMBER:

03641749 (England and Wales)

ACCOUNTANTS:

Focus (HS) Limited

Vennacott Farm

Blackdown

Nr Beaminster

Dorset

DT8 3LE

FIXED ASSETS

Tangible assets

2

3,321

4,183

CURRENT ASSETS

Debtors

30,816

52,376

Cash at bank and in hand

310,958

243,415

341,774

295,791

CREDITORS

Amounts falling due within one year

30,378

53,412

NET CURRENT ASSETS

311,396

242,379

TOTAL ASSETS LESS CURRENT LIABILITIES

314,717

246,562

CAPITAL AND RESERVES

Called up share capital

3

2

2

Profit and loss account

314,715

246,560

SHAREHOLDERS' FUNDS

314,717

246,562

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 her 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 12 December 2016 and were signed by:

Mrs S Mullins - 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 services, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

10% on cost

Plant and machinery etc

-

25% on cost and 15% on reducing balance

Deferred tax

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

the balance sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

53,070

Additions

1,543

At 31 March 2016

54,613

DEPRECIATION

At 1 April 2015

48,887

Charge for year

2,405

At 31 March 2016

51,292

NET BOOK VALUE

At 31 March 2016

3,321

At 31 March 2015

4,183

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

2

Ordinary Shares

1.00

2

2

4.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES