Abbreviated Company Accounts - THE CHINESE FIREWORKS COMPANY LIMITED

03231936 THE CHINESE FIREWORKS COMPANY LIMITED 2016-07-31 false 2015-08-01 2016-07-31 true 03231936 2015-08-01 2016-07-31 03231936 2016-07-31 03231936 2015-07-31 03231936 uk-gaap-cd-bus:Director1 2015-08-01 2016-07-31 03231936 uk-gaap-cd-bus:Director2 2015-08-01 2016-07-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-08-01 2016-07-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-07-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-07-31 iso4217:GBP shares

Registered Number 03231936

THE CHINESE FIREWORKS COMPANY LIMITED

Abbreviated Accounts

31 July 2016

THE CHINESE FIREWORKS COMPANY LIMITED Registered Number 03231936

Abbreviated Balance Sheet as at 31 July 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	439	809
		439	809
Current assets
Stocks		20,891	19,376
Debtors		2,457	2,613
Cash at bank and in hand		8,673	1,926
		32,021	23,915
Creditors: amounts falling due within one year		(24,532)	(20,740)
Net current assets (liabilities)		7,489	3,175
Total assets less current liabilities		7,928	3,984
Total net assets (liabilities)		7,928	3,984
Capital and reserves
Called up share capital	3	2	2
Profit and loss account		7,926	3,982
Shareholders' funds		7,928	3,984

For the year ending 31 July 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 11 October 2016

And signed on their behalf by:
S Popat, Director

THE CHINESE FIREWORKS COMPANY LIMITED Registered Number 03231936

Notes to the Abbreviated Accounts for the period ended 31 July 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover policy
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Fixtures, fittings & equipment 15% - 33.33% per annum of cost
Motor vehicles 25% per annum of wdv

Other accounting policies
Stock
Stock is valued at the lower of cost and net realisable value.

2Tangible fixed assets

	£
Cost
At 1 August 2015	33,499
Additions	-
Disposals	(4,288)
Revaluations	-
Transfers	-
At 31 July 2016	29,211
Depreciation
At 1 August 2015	32,690
Charge for the year	370
On disposals	(4,288)
At 31 July 2016	28,772
Net book values
At 31 July 2016	439
At 31 July 2015	809

3Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
2 Ordinary shares of £1 each	2	2