Chukka Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 03952948 (England and Wales)

ABBREVIATED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2014

FOR

CHUKKA LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

Ms C A Gale

REGISTERED OFFICE:

c/o Cox Costello

Langwood House

63-81 High Street

Rickmansworth

Hertfordshire

WD3 1EQ

REGISTERED NUMBER:

03952948 (England and Wales)

ACCOUNTANTS:

Cox Costello & Horne (Midlands) LLP

Suite 16

Chandos Business Centre

87 Warwick Street

Leamington Spa

Warwickshire

CV32 4RJ

FIXED ASSETS

Intangible assets

2

1,820

2,730

Tangible assets

3

9,358

11,010

11,178

13,740

CURRENT ASSETS

Stocks

41,754

69,158

Debtors

6,188

11,804

Cash at bank and in hand

256

82

48,198

81,044

CREDITORS

Amounts falling due within one year

10,127

23,456

NET CURRENT ASSETS

38,071

57,588

TOTAL ASSETS LESS CURRENT LIABILITIES

49,249

71,328

CREDITORS

Amounts falling due after more than one year

99,123

139,129

NET LIABILITIES

(49,874

)

(67,801

)

CAPITAL AND RESERVES

Called up share capital

4

42,302

2,302

Profit and loss account

(92,176

)

(70,103

)

SHAREHOLDERS' FUNDS

(49,874

)

(67,801

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2014 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 22 December 2014 and were signed by:

Ms C A Gale - 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.

Branding costs

Branding costs have been amortised over 5 years on a straight line basis.

Tangible fixed assets

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

Plant and machinery etc

-

33% on cost and 15% 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the

balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling

at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2013

and 31 March 2014

4,550

AMORTISATION

At 1 April 2013

1,820

Amortisation for year

910

At 31 March 2014

2,730

NET BOOK VALUE

At 31 March 2014

1,820

At 31 March 2013

2,730

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2013

and 31 March 2014

19,226

DEPRECIATION

At 1 April 2013

8,216

Charge for year

1,652

At 31 March 2014

9,868

NET BOOK VALUE

At 31 March 2014

9,358

At 31 March 2013

11,010

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.14

31.3.13

value:

£

£

42,302

Ordinary

1

42,302

2,302

40,000 Ordinary shares of 1 each were allotted and fully paid for cash at par during the year.

5.	GOING CONCERN

The Director is aware of the insolvent status of the company. A cashflow forecast for the coming year has been

prepared and the Director is satisfied that the Company will be able to meet its immediate financial obligations

over this period. Since the date of the accounts, the Company has refinanced some of its long term loan

liabilities which are now on more favourable terms as the Director has guaranteed a portion of these. These

accounts have therefore been prepared on a going concern basis.