Champ Spares (UK) Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 02156764 (England and Wales)

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED

30 APRIL 2016

FOR

CHAMP SPARES (UK) LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

R F Elvis

SECRETARY:

Mrs S E Mellor

REGISTERED OFFICE:

Stowe House

1688 High Street

Knowle

Solihull

B93 0LY

REGISTERED NUMBER:

02156764 (England and Wales)

ACCOUNTANTS:

Daniels Rich

Stowe House

1688 High Street

Knowle

Solihull

B93 0LY

FIXED ASSETS

Tangible assets

2

995

1,325

CURRENT ASSETS

Stocks

11,600

16,300

Debtors

5,000

10,000

Cash at bank

31,620

19,774

48,220

46,074

CREDITORS

Amounts falling due within one
year

34,997

23,958

NET CURRENT ASSETS

13,223

22,116

TOTAL ASSETS LESS CURRENT
LIABILITIES

14,218

23,441

CAPITAL AND RESERVES

Called up share capital

3

99

Profit and loss account

14,119

23,342

SHAREHOLDERS' FUNDS

14,218

23,441

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 12 December 2016 and
were signed by:

R F Elvis - 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.

Tangible fixed assets

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

Long leasehold

-

10% on cost

Office equipment

-

25% on reducing balance

Storage equipment

-

15% on reducing balance

Trailer

-

25% on reducing balance

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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2015

and 30 April 2016

23,317

DEPRECIATION

At 1 May 2015

21,992

Charge for year

330

At 30 April 2016

22,322

NET BOOK VALUE

At 30 April 2016

995

At 30 April 2015

1,325

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.16

30.4.15

value:

£

99

Ordinary

£1

99