Chiltern Local Limited - Abbreviated accounts

Chiltern Local Limited - Abbreviated accounts

CHILTERN LOCAL LIMITED - Company Information

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Registered number
07142517
Chiltern Local Limited
Abbreviated Accounts
28 February 2014
Chiltern Local Limited
Registered number: 07142517
Abbreviated Balance Sheet
as at 28 February 2014
Notes 2014 2013
£ £
Fixed assets
Intangible assets 2 - -
Tangible assets 3 - -
Investments 4 - -
- -
Current assets
Stocks - -
Debtors 5 37,338 17,098
Investments held as current assets - -
Cash at bank and in hand 6,489 10,785
43,827 27,883
Creditors: amounts falling due within one year (37,923) (20,162)
Net current assets 5,904 7,721
Total assets less current liabilities 5,904 7,721
Creditors: amounts falling due after more than one year - -
Provisions for liabilities - -
Net assets 5,904 7,721
Capital and reserves
Called up share capital 7 20 20
Share premium - -
Revaluation reserve - -
Capital redemption reserve - -
Profit and loss account 5,884 7,701
Shareholders' funds 5,904 7,721
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
David Slater
Director
Approved by the board on 27 November 2014
Chiltern Local Limited
Notes to the Abbreviated Accounts
for the year ended 28 February 2014
1 Accounting policies
Basis of preparation
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
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and machinery 20% straight line
Motor vehicles 25% straight line
Stocks
Stock is valued at the lower of cost and net realisable value.
Deferred taxation
Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.
Foreign currencies
Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the balance sheet date. All differences are taken to the profit and loss account.
Leasing and hire purchase commitments
Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability.

The interest element of the rental obligations is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding.

Rentals paid under operating leases are charged to income on a straight line basis over the lease term.
Pensions
The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2 Intangible fixed assets £
Cost
At 1 March 2013 -
Additions -
Disposals -
At 28 February 2014 -
Amortisation
At 1 March 2013 -
Provided during the year -
On disposals -
At 28 February 2014 -
Net book value
At 28 February 2014 -
At 28 February 2013 -
3 Tangible fixed assets £
Cost
At 1 March 2013 -
Additions -
Surplus on revaluation -
Disposals -
At 28 February 2014 -
Depreciation
At 1 March 2013 -
Charge for the year -
Surplus on revaluation -
On disposals -
At 28 February 2014 -
Net book value
At 28 February 2014 -
At 28 February 2013 -
4 Investments £
Cost
At 1 March 2013 -
Additions -
Disposals -
At 28 February 2014 -
The company holds 20% or more of the share capital of the following companies:
Capital and Profit (loss)
Company Shares held reserves for the year
Class % £ £
[Company name 1] Ordinary - - -
[Company name 2] Ordinary - - -
[Company name 3] Ordinary - - -
[Company name 4] Ordinary - - -
5 Debtors 2014 2013
£ £
Debtors include:
Amounts due after more than one year - -
6 Loans 2014 2013
£ £
Creditors include:
Amounts falling due for payment after more than five years - -
Secured bank loans - -
7 Share capital Nominal 2014 2014 2013
value Number £ £
Allotted, called up and fully paid:
Ordinary shares £1 each - 20 20
B Ordinary shares £1 each - - -
20 20
Preference shares £1 each - - -
20 20
Nominal Number Amount
value £
Shares issued during the period:
Ordinary shares £1 each - -
B Ordinary shares £1 each - -
-
Preference shares £1 each - -
-
8 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
David Slater
[Loan 1] - - - -
[Loan 2] - - - -
Antony Wood
[Loan 1] - - - -
[Loan 2] - - - -
[Director 3]
[Loan 1] - - - -
[Loan 2] - - - -
[Director 4]
[Loan 1] - - - -
[Loan 2] - - - -
[Director 5]
[Loan 1] - - - -
[Loan 2] - - - -
[Director 6]
[Loan 1] - - - -
[Loan 2] - - - -
[Director 7]
[Loan 1] - - - -
[Loan 2] - - - -
[Director 8]
[Loan 1] - - - -
[Loan 2] - - - -
[Director 9]
[Loan 1] - - - -
[Loan 2] - - - -
- - - -
9 Guarantees made by the company on behalf of directors
Description and terms Maximum Amount paid
liability and incurred
£ £
David Slater
[Guarantee 1] - -
[Guarantee 2] - -
Antony Wood
[Guarantee 1] - -
[Guarantee 2] - -
[Director 3]
[Guarantee 1] - -
[Guarantee 2] - -
[Director 4]
[Guarantee 1] - -
[Guarantee 2] - -
[Director 5]
[Guarantee 1] - -
[Guarantee 2] - -
[Director 6]
[Guarantee 1] - -
[Guarantee 2] - -
[Director 7]
[Guarantee 1] - -
[Guarantee 2] - -
[Director 8]
[Guarantee 1] - -
[Guarantee 2] - -
[Director 9]
[Guarantee 1] - -
[Guarantee 2] - -
- -
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