Champ Spares (UK) Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 02156764 (England and Wales)

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED

30 APRIL 2014

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

1,770

1,880

CURRENT ASSETS

Stocks

17,450

18,760

Debtors

1,206

155

Cash at bank

22,427

19,636

41,083

38,551

CREDITORS

Amounts falling due within one year

20,226

19,719

NET CURRENT ASSETS

20,857

18,832

TOTAL ASSETS LESS CURRENT LIABILITIES

22,627

20,712

CAPITAL AND RESERVES

Called up share capital

3

99

99

Profit and loss account

22,528

20,613

SHAREHOLDERS' FUNDS

22,627

20,712

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2014 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 28 November 2014 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 April 2008).

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 2013

25,215

Additions

520

Disposals

(2,418

)

At 30 April 2014

23,317

DEPRECIATION

At 1 May 2013

23,335

Charge for year

630

Eliminated on disposal

(2,418

)

At 30 April 2014

21,547

NET BOOK VALUE

At 30 April 2014

1,770

At 30 April 2013

1,880

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.14

30.4.13

value:

£

£

99

Ordinary

£1

99

99