Abbreviated Company Accounts - CHARTERHOUSE TECHNOLOGY LIMITED

CHARTERHOUSE TECHNOLOGY LIMITED - Company Information

Registered Number 02872980

CHARTERHOUSE TECHNOLOGY LIMITED

Abbreviated Accounts

31 December 2014

CHARTERHOUSE TECHNOLOGY LIMITED Registered Number 02872980

Abbreviated Balance Sheet as at 31 December 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	133,723	169,985
		133,723	169,985
Current assets
Stocks		199,175	195,176
Debtors		19,200	21,682
Cash at bank and in hand		45,973	37,003
		264,348	253,861
Creditors: amounts falling due within one year		(489,017)	(424,107)
Net current assets (liabilities)		(224,669)	(170,246)
Total assets less current liabilities		(90,946)	(261)
Total net assets (liabilities)		(90,946)	(261)
Capital and reserves
Called up share capital		100	100
Profit and loss account		(91,046)	(361)
Shareholders' funds		(90,946)	(261)

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 28 September 2015

And signed on their behalf by:
Kenneth Fry, Director

CHARTERHOUSE TECHNOLOGY LIMITED Registered Number 02872980

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 the total invoice value, excluding value added tax, of sales made during the year and derives from the provision of goods falling within the company’s ordinary activities.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:

Leasehold properties - straight line over life of lease
Plant and machinery - 33.33% straight line
Fixtures, fittings and equipment - 33.33% straight line

Valuation information and policy
Stock – Stock is valued at the lower of cost and net realisable value.

Other accounting policies
Leasing - Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

Going concern - The financial statements are prepared on going concern basis which the directors believe to be appropriate based on continued financial support from it's director, sufficient to enable it to continue for the foreseeable future being at least 12 months from approval of these financial statements.

2Tangible fixed assets

	£
Cost
At 1 January 2014	201,641
Additions	4,059
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2014	205,700
Depreciation
At 1 January 2014	31,656
Charge for the year	40,321
On disposals	-
At 31 December 2014	71,977
Net book values
At 31 December 2014	133,723
At 31 December 2013	169,985