Abbreviated Company Accounts - CHARTERHOUSE TECHNOLOGY LIMITED

Abbreviated Company Accounts - CHARTERHOUSE TECHNOLOGY LIMITED

CHARTERHOUSE TECHNOLOGY LIMITED - Company Information

Print Friendly Version

Registered Number 02872980

CHARTERHOUSE TECHNOLOGY LIMITED

Abbreviated Accounts

31 December 2013

CHARTERHOUSE TECHNOLOGY LIMITED Registered Number 02872980

Abbreviated Balance Sheet as at 31 December 2013

Notes 2013 2012
£ £
Fixed assets
Tangible assets 2 169,985 1,260
169,985 1,260
Current assets
Stocks 195,176 160,668
Debtors 21,682 -
Cash at bank and in hand 37,003 27,053
253,861 187,721
Creditors: amounts falling due within one year (424,107) (148,354)
Net current assets (liabilities) (170,246) 39,367
Total assets less current liabilities (261) 40,627
Total net assets (liabilities) (261) 40,627
Capital and reserves
Called up share capital 100 100
Profit and loss account (361) 40,527
Shareholders' funds (261) 40,627
  • For the year ending 31 December 2013 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 22 September 2014

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 2013

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 and trade discounts. Turnover is recognised when the goods are physically delivered to the customer.

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 the life of the lease.
Plant and machinery - 33.33% straight line
Fixtures, fittings and equipment - 15% reducing balance

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.

2Tangible fixed assets
£
Cost
At 1 January 2013 2,308
Additions 199,333
Disposals -
Revaluations -
Transfers -
At 31 December 2013 201,641
Depreciation
At 1 January 2013 1,048
Charge for the year 30,608
On disposals -
At 31 December 2013 31,656
Net book values
At 31 December 2013 169,985
At 31 December 2012 1,260