Charlesworth Computers Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 02202849 (England and Wales)

Charlesworth Computers Limited

Abbreviated Unaudited Accounts

for the Year Ended 31 May 2016

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

617

724

CURRENT ASSETS

Stocks

200

Debtors

7,585

9,234

Cash at bank and in hand

34,654

14,120

42,439

23,554

CREDITORS

Amounts falling due within one year

19,860

17,079

NET CURRENT ASSETS

22,579

6,475

TOTAL ASSETS LESS CURRENT
LIABILITIES

23,196

7,199

PROVISIONS FOR LIABILITIES

123

144

NET ASSETS

23,073

7,055

CAPITAL AND RESERVES

Called up share capital

3

100

Profit and loss account

22,973

6,955

SHAREHOLDERS' FUNDS

23,073

7,055

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2016 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 9 November 2016 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 January 2015).

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 2015

and 31 May 2016

11,216

DEPRECIATION

At 1 June 2015

10,492

Charge for year

107

At 31 May 2016

10,599

NET BOOK VALUE

At 31 May 2016

617

At 31 May 2015

724

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.5.16

31.5.15

value:

£

100

Ordinary

£1

100