C Whalley Ltd - Abbreviated accounts 16.3

REGISTERED NUMBER: 09882098 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE PERIOD

20 NOVEMBER 2015 TO 30 NOVEMBER 2016

FOR

C WHALLEY LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

Mr C Whalley

REGISTERED OFFICE:

12 High Street

Stanford le Hope

Essex

SS17 0EY

REGISTERED NUMBER:

09882098 (England and Wales)

ACCOUNTANTS:

Elliott, Mortlock, Busby & Co Limited

Chartered Certified Accountants

12 High Street

Stanford le Hope

Essex

SS17 0EY

FIXED ASSETS

Tangible assets

2

13,500

CURRENT ASSETS

Debtors

10,813

Cash at bank

31,714

42,527

CREDITORS

Amounts falling due within one year

27,964

NET CURRENT ASSETS

14,563

TOTAL ASSETS LESS CURRENT LIABILITIES

28,063

CAPITAL AND RESERVES

Called up share capital

3

1

Profit and loss account

28,062

SHAREHOLDERS' FUNDS

28,063

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

The members have not required the company to obtain an audit of its financial statements for the period ended 30 November 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 9 March 2017 and were signed by:

Mr C Whalley - Director

1.	ACCOUNTING POLICIES

Basis of preparation of accounts

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 all amounts received and receivable in respect of goods and services supplied by the company

during the year excluding value added tax and trade discounts.

Tangible fixed assets

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

Motor vehicles

-

25% on reducing balance

Deferred taxation

The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of

certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of all timing

differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are

recognised only to the extent that the directors consider that it is more likely than not that they will be recovered

against the reversal of deferred tax liabilities or other future taxable profits. Deferred taxation is measured on a

non-discounted basis at the average tax rates that would apply when the timing differences are expected to reverse,

based on tax rates and laws that have been enacted by the balance sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

Additions

18,000

At 30 November 2016

18,000

DEPRECIATION

Charge for period

4,500

At 30 November 2016

4,500

NET BOOK VALUE

At 30 November 2016

13,500

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

1

Ordinary

£1

1

1 Ordinary share of £1 was issued during the period for cash of £ 1 .