Chartersphere Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 07103674 (England and Wales)

Abbreviated Accounts for the Year Ended 31 March 2015

for

Chartersphere Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

P Bennett

SECRETARY:

P Bennett

REGISTERED OFFICE:

1 Becketts Place

Hampton Wick

Kingston-upon-Thames

Surrey

KT1 4EQ

REGISTERED NUMBER:

07103674 (England and Wales)

ACCOUNTANTS:

Atkinsons

Chartered Accountants

Palmeira Avenue Mansions

19 Church Road

Hove

East Sussex

BN3 2FA

FIXED ASSETS

Tangible assets

2

4,987

7,321

CURRENT ASSETS

Debtors

1,145,944

1,112,361

Cash at bank and in hand

348,039

344,062

1,493,983

1,456,423

CREDITORS

Amounts falling due within one year

1,247,084

1,249,633

NET CURRENT ASSETS

246,899

206,790

TOTAL ASSETS LESS CURRENT LIABILITIES

251,886

214,111

CREDITORS

Amounts falling due after more than one year

215,550

209,923

NET ASSETS

36,336

4,188

CAPITAL AND RESERVES

Called up share capital

3

350

350

Profit and loss account

35,986

3,838

SHAREHOLDERS' FUNDS

36,336

4,188

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2015 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 9 November 2015 and were signed by:

P Bennett - 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

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

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

Fixtures and fittings

-

25% on cost

Computer equipment

-

25% on reducing balance

Deferred tax

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

sheet date.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the

balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at

the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

16,836

Additions

1,325

At 31 March 2015

18,161

DEPRECIATION

At 1 April 2014

9,515

Charge for year

3,659

At 31 March 2015

13,174

NET BOOK VALUE

At 31 March 2015

4,987

At 31 March 2014

7,321

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.15

31.3.14

value:

£

£

100

Ordinary

£1

100

100

100

Ordinary B

£1

100

100

150

Ordinary C

£1

150

150

350

350

4.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES