Abbreviated Company Accounts - CHELFORD LIMITED

Registered Number 03125172

CHELFORD LIMITED

Abbreviated Accounts

31 December 2013

CHELFORD LIMITED Registered Number 03125172

Abbreviated Balance Sheet as at 31 December 2013

	Notes	2013	2012
		£	£
Fixed assets
Tangible assets	2	63,085	114,650
		63,085	114,650
Current assets
Stocks		215,631	623,481
Debtors		192,514	570,778
Cash at bank and in hand		36,246	77,505
		444,391	1,271,764
Creditors: amounts falling due within one year		(592,769)	(1,392,191)
Net current assets (liabilities)		(148,378)	(120,427)
Total assets less current liabilities		(85,293)	(5,777)
Total net assets (liabilities)		(85,293)	(5,777)
Capital and reserves
Called up share capital		30,250	30,250
Profit and loss account		(115,543)	(36,027)
Shareholders' funds		(85,293)	(5,777)

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 30 September 2014

And signed on their behalf by:
J Cope, Director

CHELFORD LIMITED Registered Number 03125172

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, of sales made during the year

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:-

Fixtures and fittings 20% Reducing balance
Motor vehicles 25% Reducing balance

2Tangible fixed assets

	£
Cost
At 1 January 2013	284,312
Additions	-
Disposals	(34,000)
Revaluations	-
Transfers	-
At 31 December 2013	250,312
Depreciation
At 1 January 2013	169,662
Charge for the year	17,565
On disposals	-
At 31 December 2013	187,227
Net book values
At 31 December 2013	63,085
At 31 December 2012	114,650