Abbreviated Company Accounts - A & L CHAPMAN LIMITED

A & L CHAPMAN LIMITED Registered Number 03315878

Abbreviated Balance Sheet as at 31 March 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	104,376	63,867
		104,376	63,867
Current assets
Debtors		600,703	607,072
Cash at bank and in hand		355,219	326,539
		955,922	933,611
Creditors: amounts falling due within one year	3	(475,752)	(551,366)
Net current assets (liabilities)		480,170	382,245
Total assets less current liabilities		584,546	446,112
Creditors: amounts falling due after more than one year	3	(25,264)	(8,575)
Provisions for liabilities		(20,615)	(12,456)
Total net assets (liabilities)		538,667	425,081
Capital and reserves
Called up share capital	4	1,000	1,000
Profit and loss account		537,667	424,081
Shareholders' funds		538,667	425,081

For the year ending 31 March 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 31 October 2016

And signed on their behalf by:
Mr B Mills, Director

A & L CHAPMAN LIMITED Registered Number 03315878

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

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 January 2015).

Turnover policy
Profit is recognised on long-term contracts, if the final outcome can be assessed with reasonable certainty by including in the profit and loss account turnover and related costs as contract activity progresses. Turnover is calculated as that proportion of total contract value which costs to date bear to total expected costs for that contract.

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:

Plant and machinery are depreciated on a 20% - 33.33% straight line basis.
Fixtures, fittings and equipment are depreciated on a 20% - 50% straight line basis.
Motor vehicles are depreciated on a 20% - 25% straight line basis.

Other accounting policies
Goodwill
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life of 15 years.

Deferred taxation
Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. the deferred tax balance has not been discounted.

2Tangible fixed assets

	£
Cost
At 1 April 2015	298,437
Additions	70,133
Disposals	(50,743)
Revaluations	-
Transfers	-
At 31 March 2016	317,827
Depreciation
At 1 April 2015	234,570
Charge for the year	29,624
On disposals	(50,743)
At 31 March 2016	213,451
Net book values
At 31 March 2016	104,376
At 31 March 2015	63,867

3Creditors

	2016 £	2015 £
Secured Debts	51,672	23,275

4Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
1,000 Ordinary shares of £1 each	1,000	1,000

Ultimate parent company
The ultimate parent company is Seacrest Construction Limited a company registered in England and Wales. The ultimate controlling party is Mr D Murphy and his wife who own 50.06% of the share holding.