Abbreviated Company Accounts - CHURCHILL CAPITAL INTERNATIONAL LIMITED

CHURCHILL CAPITAL INTERNATIONAL LIMITED Registered Number 05683978

Abbreviated Balance Sheet as at 31 December 2014

	Notes	2014	2013
		£	£
Called up share capital not paid		-	1
Fixed assets
Tangible assets	2	124,115	135,647
		124,115	135,647
Current assets
Debtors	3	130,154	188,402
Cash at bank and in hand		135,110	47,894
		265,264	236,296
Prepayments and accrued income		49,092	40,232
Creditors: amounts falling due within one year		(329,706)	(304,457)
Net current assets (liabilities)		(15,350)	(27,929)
Total assets less current liabilities		108,765	107,719
Creditors: amounts falling due after more than one year		-	0
Total net assets (liabilities)		108,765	107,719
Capital and reserves
Called up share capital	4	1	1
Other reserves		107,718	71,145
Profit and loss account		1,046	36,573
Shareholders' funds		108,765	107,719

For the year ending 31 December 2014 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 10 February 2015

And signed on their behalf by:
Frank Eric Hersman, Director

CHURCHILL CAPITAL INTERNATIONAL LIMITED Registered Number 05683978

Notes to the Abbreviated Accounts for the period ended 31 December 2014

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 represents amounts receivable for services provided net of VAT

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:
Leasehold property over the period of the lease.
Plant and machinery 33% per annum on straight line basis.
Fixtures, fittings & equipment 20% per annum on straight line basis.
Motor vehicles 25% per annum on a straight line basis.

Other accounting policies
Turnover
In the year to 31 December 2014 98.09% (2013-100.00%) of the company's turnover was to markets outside the United Kingdom.
Leasing: Rentals payable under operating leases are charged against income on a payable basis as per the terms of lease.
At 31 December 2014 the company was committed to making the following payments under non cancellable operating leases in the year to 31 December 2014
Operating leases which expire between two and five years 2014:£38,925 2013: £77850.
A charge has been registered at Companies House, secured over the rent deposit of £40,398 which would crystallise should the company breach the terms of the rental agreement.

The director has provided a limited guarantee of £50,000 to the company's bankers.
The ultimate controlling party is A C Hersman, a family member of the director, F E Hersman.
The company derives its income from the provision of services to Churchill Capital Advisers Ltd, a company of which F E Hersman is a director. At 31.12.2014 £73,706 (2013:£129,283) was owed by this company and during the year income of £769,041 2013:£1,941981 was earned from this company.

2Tangible fixed assets

	£
Cost
At 1 January 2014	274,417
Additions	32,770
Disposals	(48,155)
Revaluations	-
Transfers	-
At 31 December 2014	259,032
Depreciation
At 1 January 2014	138,770
Charge for the year	43,472
On disposals	(47,325)
At 31 December 2014	134,917
Net book values
At 31 December 2014	124,115
At 31 December 2013	135,647

3Debtors

	2014 £	2013 £
Debtors include the following amounts due after more than one year	40,398	40,366

Other debtors include an amount of £40,398 (2013-£40,366) which is due after more than once year

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

	2014 £	2013 £
1 A Ordinary share of £1 each	1	1

Allotted, called up and fully paid
2014 2013
£ £
1 1