Charlton Networks Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 03288824 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 December 2014

for

Charlton Networks Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mr R H Perry

Mrs M J Perry

REGISTERED OFFICE:

The Canterbury Business Centre

18 Ashchurch Road

Tewkesbury

Gloucestershire

GL20 8BT

REGISTERED NUMBER:

03288824 (England and Wales)

FIXED ASSETS

Intangible assets

2

1,089

2,244

Tangible assets

3

89,192

67,637

90,281

69,881

CURRENT ASSETS

Stocks

10,655

6,832

Debtors

141,404

127,883

Cash at bank and in hand

28,689

33,502

180,748

168,217

CREDITORS

Amounts falling due within one year

117,418

139,657

NET CURRENT ASSETS

63,330

28,560

TOTAL ASSETS LESS CURRENT LIABILITIES

153,611

98,441

CREDITORS

Amounts falling due after more than one year

(78,333

)

(60,000

)

PROVISIONS FOR LIABILITIES

(16,243

)

-

NET ASSETS

59,035

38,441

CAPITAL AND RESERVES

Called up share capital

4

20,000

100

Profit and loss account

39,035

38,341

SHAREHOLDERS' FUNDS

59,035

38,441

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2014 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 3 June 2015 and were signed on its behalf by:

Mr R H Perry - Director

Mrs M J Perry - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of

Value Added Tax.

In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done

in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts

for on-going services is recognised by reference to the stage of completion.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property

-

straight line over the life of the lease

Office equipment

-

15% on reducing balance

Fixtures and fittings

-

10% on reducing balance

Computer equipment

-

33% on cost

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance

for obsolete and slow moving items.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2014

and 31 December 2014

3,500

AMORTISATION

At 1 January 2014

1,256

Amortisation for year

1,155

At 31 December 2014

2,411

NET BOOK VALUE

At 31 December 2014

1,089

At 31 December 2013

2,244

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2014

202,704

Additions

38,232

At 31 December 2014

240,936

DEPRECIATION

At 1 January 2014

135,067

Charge for year

16,677

At 31 December 2014

151,744

NET BOOK VALUE

At 31 December 2014

89,192

At 31 December 2013

67,637

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

19,999

Ordinary

£1

19,999

99

1

A Ordinary

£1

1

1

20,000

100

19,900 Ordinary shares of £1 each were allotted and fully paid for cash at par during the year.