Registered Number 08281188

CHARIOT INNOVATIONS LIMITED

Abbreviated Accounts

31 July 2015

CHARIOT INNOVATIONS LIMITED Registered Number 08281188

Abbreviated Balance Sheet as at 31 July 2015

Notes 2015 2014
£ £
Fixed assets
Tangible assets 2 10,237 3,140
10,237 3,140
Current assets
Debtors 230,838 181,413
Cash at bank and in hand 3,815 29,403
234,653 210,816
Creditors: amounts falling due within one year (229,497) (113,956)
Net current assets (liabilities) 5,156 96,860
Total assets less current liabilities 15,393 100,000
Total net assets (liabilities) 15,393 100,000
Capital and reserves
Called up share capital 100,000 100,000
Profit and loss account (84,607) -
Shareholders' funds 15,393 100,000
  • For the year ending 31 July 2015 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 24 November 2015

And signed on their behalf by:
Peter Piot, Director
John O'Donnell, Director

CHARIOT INNOVATIONS LIMITED Registered Number 08281188

Notes to the Abbreviated Accounts for the period ended 31 July 2015

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 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:
Building works 10% straight line p.a
Fixtures, fittings & equipment 25% straight line p.a

2Tangible fixed assets
£
Cost
At 1 August 2014 4,187
Additions 8,711
Disposals -
Revaluations -
Transfers -
At 31 July 2015 12,898
Depreciation
At 1 August 2014 1,047
Charge for the year 1,614
On disposals -
At 31 July 2015 2,661
Net book values
At 31 July 2015 10,237
At 31 July 2014 3,140

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;
Building works 10% straight line p.a
Fixtures, fittings & equipment 25% straight line p.a