Channel Network Services Limited - Abbreviated accounts

Channel Network Services Limited - Abbreviated accounts


Registered number
03899940
Channel Network Services Limited
Abbreviated Accounts
30 November 2014
Channel Network Services Limited
Chartered Accountants' report to the board of directors on the preparation of the unaudited abbreviated accounts of Channel Network Services Limited for the year ended 30 November 2014
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the abbreviated accounts of Channel Network Services Limited for the year ended 30 November 2014 which comprise of the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Channel Network Services Limited, as a body, in accordance with the terms of our engagemen. Our work has been undertaken solely to prepare for your approval the accounts of Channel Network Services Limited and state those matters that we have agreed to state to the Board of Directors of Channel Network Services Limited, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Channel Network Services Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Channel Network Services Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Channel Network Services Limited. You consider that Channel Network Services Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Channel Network Services Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the abbreviated accounts.
………………………………………..
Rossiter Smith & Co.
Chartered Accountants
Bank House
1 Burlington Road
Bristol
BS6 6TJ
25 August 2015
Channel Network Services Limited
Registered number: 03899940
Abbreviated Balance Sheet
as at 30 November 2014
Notes 2014 2013
£ £
Fixed assets
Tangible assets 2 444 36
Current assets
Debtors 152,941 118,256
Cash at bank and in hand 96,762 95,683
249,703 213,939
Creditors: amounts falling due within one year (152,491) (144,281)
Net current assets 97,212 69,658
Net assets 97,656 69,694
Capital and reserves
Called up share capital 3 300 300
Profit and loss account 97,356 69,394
Shareholders' funds 97,656 69,694
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
Members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
D A Bevan
Director
Approved by the board on 25 August 2015
Channel Network Services Limited
Notes to the Abbreviated Accounts
for the year ended 30 November 2014
1 Accounting policies
Basis of preparation
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
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and machinery Straight line over three years
Deferred taxation
Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.
2 Tangible fixed assets £
Cost
At 1 December 2013 1,818
Additions 665
At 30 November 2014 2,483
Depreciation
At 1 December 2013 1,782
Charge for the year 257
At 30 November 2014 2,039
Net book value
At 30 November 2014 444
At 30 November 2013 36
3 Share capital Nominal 2014 2014 2013
value Number £ £
Allotted, called up and fully paid:
Ordinary shares £1 each 300 300 300
Channel Network Services Limited 03899940 false true 2013-12-01 2014-11-30 2014-11-30 D A Bevan 03899940 uk-bus:OrdinaryShareClass1 2013-11-30 03899940 2013-12-01 2014-11-30 03899940 uk-bus:Director40 2013-12-01 2014-11-30 03899940 uk-gaap:PlantMachinery 2013-12-01 2014-11-30 03899940 uk-bus:OrdinaryShareClass1 2013-12-01 2014-11-30 03899940 2014-11-30 03899940 uk-bus:OrdinaryShareClass1 2014-11-30 03899940 2013-11-30 iso4217:GBP xbrli:shares