CHARTONICS_LIMITED - Accounts

NO LOSSES PERMITTED LIMITED - Company Information

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Company Registration No. 06809660 (England and Wales)

CHARTONICS LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2015

CHARTONICS LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

CHARTONICS LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2015

- 1 -

2015

2014

Notes

Fixed assets

Tangible assets

299

Current assets

Debtors

1,778

2,127

Cash at bank and in hand

146

1,924

2,127

Creditors: amounts falling due within one year

(258,274)

(214,405)

Net current liabilities

(256,350)

(212,278)

Total assets less current liabilities

(256,350)

(211,979)

Capital and reserves

Called up share capital

100

Profit and loss account

(256,450)

(212,079)

Shareholders' funds

(256,350)

(211,979)

For the financial year ended 31 March 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 24 December 2015

A Flack

Director

Company Registration No. 06809660

CHARTONICS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2015

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

As at the balance sheet date the company has net liabilities of £256,350 (2014: £211,979). The financial statements have been prepared on a going concern basis on the grounds of continued support from the directors of the company. The financial statements do not include any adjustments that would result from a withdrawal of the support of the directors.

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Tangible fixed assets and depreciation

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

Fixtures, fittings & equipment

3 years straight line

Fixed assets

Tangible assets

Cost

At 1 April 2014 & at 31 March 2015

3,146

Depreciation

At 1 April 2014

2,847

Charge for the year

299

At 31 March 2015

3,146

Net book value

At 31 March 2015

At 31 March 2014

299

Share capital

2015

2014

Allotted, called up and fully paid

100 Ordinary Shares of £1 each

100