Registered Number 06183014

CHAPMAN'S SEAFOODS LTD.

Abbreviated Accounts

30 June 2013

CHAPMAN'S SEAFOODS LTD. Registered Number 06183014

Abbreviated Balance Sheet as at 30 June 2013

Notes 2013 2012
£ £
Fixed assets
Tangible assets 2 49,019 40,561
49,019 40,561
Current assets
Stocks 53,476 33,705
Debtors 141,666 130,316
Cash at bank and in hand 8,657 100
203,799 164,121
Creditors: amounts falling due within one year (229,341) (209,902)
Net current assets (liabilities) (25,542) (45,781)
Total assets less current liabilities 23,477 (5,220)
Creditors: amounts falling due after more than one year (12,000) (12,000)
Total net assets (liabilities) 11,477 (17,220)
Capital and reserves
Called up share capital 999 999
Profit and loss account 10,478 (18,219)
Shareholders' funds 11,477 (17,220)
  • For the year ending 30 June 2013 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 31 October 2013

And signed on their behalf by:
Kevin Chapman, Director

CHAPMAN'S SEAFOODS LTD. Registered Number 06183014

Notes to the Abbreviated Accounts for the period ended 30 June 2013

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover comprises the invoice value of fish products supplied exclusive of VAT

Tangible assets depreciation policy
Tangible fixed assets are written off over their expected useful lives as follows :-
Motor Vehicles - 20% reducing balance
Fixtures and Fittings - 20% reducing balance
Plant and machinery - 20% reducing balance

Valuation information and policy
Stocks and work in progress are valued at the lower of cost and net realisable value. Net realisable value is the price which can be realised for the stock in the normal course of business.

2Tangible fixed assets
£
Cost
At 1 July 2012 81,796
Additions 22,082
Disposals -
Revaluations -
Transfers -
At 30 June 2013 103,878
Depreciation
At 1 July 2012 41,235
Charge for the year 13,624
On disposals -
At 30 June 2013 54,859
Net book values
At 30 June 2013 49,019
At 30 June 2012 40,561