For the year ended 31 January 2016
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 00669444
Edward Chaston Limited
For the year ended 31 January 2016
1
Balance Sheet
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Notes to the Abbreviated Financial Statements
Notes to the Abbreviated Financial Statements
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Edward Chaston Limited
For the year ended 31 January 2016
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
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Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
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Rentals payable under operating leases are charged against income as the rentals fall due.
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
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Property Improvements
Term of Lease Reducing balance
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Plant, Equip & Motor Vehicles
Buildings
Stocks are valued at the lower of cost and net realisable value. Cost is determined on a first-in, first-out basis.
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221,635
9,280
230,915
138,707
13,015
Charge for year
151,722
79,193
82,928
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Notes to the Abbreviated Financial Statements
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Edward Chaston Limited
For the year ended 31 January 2016
Allotted called up and fully paid
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2016
2015
100
Ordinary shares of £
1
.
00
each
|
100
100
100
100
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