Chase of Milford Limited - Limited company - abbreviated - 11.0.0
Chase of Milford Limited - Limited company - abbreviated - 11.0.0
REGISTERED NUMBER: |
ABBREVIATED UNAUDITED ACCOUNTS |
FOR THE YEAR ENDED 31ST MARCH 2014 |
FOR |
CHASE OF MILFORD LIMITED |
CHASE OF MILFORD LIMITED (REGISTERED NUMBER: 06939756) |
CONTENTS OF THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 31ST MARCH 2014 |
Page |
Company Information | 1 |
Abbreviated Balance Sheet | 2 |
Notes to the Abbreviated Accounts | 3 |
CHASE OF MILFORD LIMITED |
COMPANY INFORMATION |
FOR THE YEAR ENDED 31ST MARCH 2014 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Certified Accountants |
CHASE OF MILFORD LIMITED (REGISTERED NUMBER: 06939756) |
ABBREVIATED BALANCE SHEET |
31ST MARCH 2014 |
2014 | 2013 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 2 |
Tangible assets | 3 |
CURRENT ASSETS |
Stocks |
Debtors |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
PROVISIONS FOR LIABILITIES |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 4 |
Profit and loss account |
SHAREHOLDERS' FUNDS |
The director acknowledges his 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 financial statements were approved by the director on |
CHASE OF MILFORD LIMITED (REGISTERED NUMBER: 06939756) |
NOTES TO THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 31ST MARCH 2014 |
1. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The financial statements have been prepared in accordance with the special provisions of part 15 of the |
Companies Act 2006 relating to small companies and with the Financial Reporting Standard for Smaller Entities |
(Effective April 2008). |
Accounting convention |
The financial statements have been prepared under the historical cost convention and are in accordance with |
applicable accounting standards. |
Turnover |
Turnover represents the sales of goods net of VAT and trade discounts. Turnover is recognised when the goods |
are physically delivered to the customer. |
Goodwill |
Tangible fixed assets |
Plant and machinery | - |
Fixtures and fittings | - |
Motor vehicles | - |
Stocks |
Stock is valued at the lower of cost and net realisable value. Cost is determined on a first in first out basis. Net |
realisable value represents estimated selling price less costs to complete and sell. Provision is made for slow |
moving, obsolete or damaged stock where the net realisable value is less than cost. |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the |
balance sheet date. |
Hire purchase and leasing commitments |
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those |
held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance |
leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter. |
The interest element of these obligations is charged to the profit and loss account over the relevant period. The |
capital element of the future payments is treated as a liability. |
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the |
period of the lease. |
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. |
CHASE OF MILFORD LIMITED (REGISTERED NUMBER: 06939756) |
NOTES TO THE ABBREVIATED ACCOUNTS - continued |
FOR THE YEAR ENDED 31ST MARCH 2014 |
2. | INTANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1st April 2013 |
and 31st March 2014 |
AMORTISATION |
At 1st April 2013 |
Amortisation for year |
At 31st March 2014 |
NET BOOK VALUE |
At 31st March 2014 |
At 31st March 2013 |
3. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1st April 2013 |
Additions |
At 31st March 2014 |
DEPRECIATION |
At 1st April 2013 |
Charge for year |
At 31st March 2014 |
NET BOOK VALUE |
At 31st March 2014 |
At 31st March 2013 |
4. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2014 | 2013 |
value: | £ | £ |
Ordinary | £1 |