Charlton Networks Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 03288824 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 December 2015

for

Charlton Networks Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mr R H Perry

Mrs M J Perry

REGISTERED OFFICE:

The Canterbury Business Centre

18 Ashchurch Road

Tewkesbury

Gloucestershire

GL20 8BT

REGISTERED NUMBER:

03288824 (England and Wales)

FIXED ASSETS

Intangible assets

2

-

1,089

Tangible assets

3

78,209

89,192

78,209

90,281

CURRENT ASSETS

Stocks

5,024

10,655

Debtors

125,188

141,404

Cash at bank and in hand

23,069

28,689

153,281

180,748

CREDITORS

Amounts falling due within one year

116,432

117,418

NET CURRENT ASSETS

36,849

63,330

TOTAL ASSETS LESS CURRENT
LIABILITIES

115,058

153,611

CREDITORS

Amounts falling due after more than one
year

(58,500

)

(78,333

)

PROVISIONS FOR LIABILITIES

(14,334

)

(16,243

)

NET ASSETS

42,224

59,035

CAPITAL AND RESERVES

Called up share capital

4

20,000

Profit and loss account

22,224

39,035

SHAREHOLDERS' FUNDS

42,224

59,035

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2015 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 24 August 2016 and were signed on its behalf by:

Mr R H Perry - Director

Mrs M J Perry - 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 January 2015).

Turnover

The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of

Value Added Tax.

In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done

in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts

for on-going services is recognised by reference to the stage of completion.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property

-

straight line over the life of the lease

Office equipment

-

15% on reducing balance

Fixtures and fittings

-

10% on reducing balance

Computer equipment

-

33% on cost

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2015

and 31 December 2015

3,500

AMORTISATION

At 1 January 2015

2,411

Amortisation for year

1,089

At 31 December 2015

3,500

NET BOOK VALUE

At 31 December 2015

-

At 31 December 2014

1,089

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2015

240,936

Additions

3,608

At 31 December 2015

244,544

DEPRECIATION

At 1 January 2015

151,744

Charge for year

14,591

At 31 December 2015

166,335

NET BOOK VALUE

At 31 December 2015

78,209

At 31 December 2014

89,192

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

19,999

Ordinary

£1

19,999

1

A Ordinary

£1

1

20,000