Company Registration No. 00855113 (England and Wales)
M CHATWIN (KINGSTANDING) LIMITED,
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2013
M CHATWIN (KINGSTANDING) LIMITED,
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
M CHATWIN (KINGSTANDING) LIMITED,
ABBREVIATED BALANCE SHEET
AS AT
31 DECEMBER 2013
31 December 2013
- 1 -
2013
2012
Notes
£
£
£
£
Fixed assets
Tangible assets
2
2,912
3,758
Current assets
Stocks
125,646
107,973
Debtors
23,144
26,991
Cash at bank and in hand
114,638
137,587
263,428
272,551
Creditors: amounts falling due within one year
(125,766)
(149,028)
Net current assets
137,662
123,523
Total assets less current liabilities
140,574
127,281
Provisions for liabilities
(174)
(253)
140,400
127,028
Capital and reserves
Called up share capital
3
1,500
1,500
Profit and loss account
138,900
125,528
Shareholders' funds
140,400
127,028
For the financial year ended 31 December 2013 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 2 September 2014
Mr M F Chatwin
Director
Company Registration No. 00855113
M CHATWIN (KINGSTANDING) LIMITED,
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2013
- 2 -
1
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).
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
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
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
15% per annum reducing balance
Motor vehicles
25% per annum reducing balance
2
Fixed assets
Tangible assets
£
Cost
At 1 January 2013 & at 31 December 2013
16,580
Depreciation
At 1 January 2013
12,822
Charge for the year
846
At 31 December 2013
13,668
Net book value
At 31 December 2013
2,912
At 31 December 2012
3,758
3
Share capital
2013
2012
£
£
Allotted, called up and fully paid
1,500 Ordinary shares of £1 each
1,500
1,500
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