Charlesworth Computers Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 02202849 (England and Wales)

Charlesworth Computers Limited

Abbreviated Unaudited Accounts

for the Year Ended 31 May 2014

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

T Wild

Mrs C A Wild

SECRETARY:

Mrs C A Wild

REGISTERED OFFICE:

6 Tiltwood Drive

Crawley Down

Crawley

West Sussex

RH10 4PH

REGISTERED NUMBER:

02202849 (England and Wales)

ACCOUNTANTS:

M Goddard & Co

Chartered Accountants

69 Tupwood Lane

Caterham

Surrey

CR3 6DD

FIXED ASSETS

Tangible assets

2

851

1,001

CURRENT ASSETS

Stocks

200

200

Debtors

6,036

10,528

Cash at bank and in hand

15,792

929

22,028

11,657

CREDITORS

Amounts falling due within one year

19,268

18,369

NET CURRENT ASSETS/(LIABILITIES)

2,760

(6,712

)

TOTAL ASSETS LESS CURRENT LIABILITIES

3,611

(5,711

)

PROVISIONS FOR LIABILITIES

170

200

NET ASSETS/(LIABILITIES)

3,441

(5,911

)

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

3,341

(6,011

)

SHAREHOLDERS' FUNDS

3,441

(5,911

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2014 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 3 October 2014 and were signed on its behalf by:

T Wild - 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 and services, 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.

Plant and machinery etc

-

15% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Deferred tax

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

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 June 2013

and 31 May 2014

11,216

DEPRECIATION

At 1 June 2013

10,215

Charge for year

150

At 31 May 2014

10,365

NET BOOK VALUE

At 31 May 2014

851

At 31 May 2013

1,001

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.5.14

31.5.13

value:

£

£

100

Ordinary

£1

100

100