Charlesworth Computers Limited - Accounts to registrar - small 17.2

REGISTERED NUMBER: 02202849 (England and Wales)

Charlesworth Computers Limited

Unaudited Financial Statements

for the Year Ended 31 May 2017

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

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

4

525

617

CURRENT ASSETS

Stocks

200

200

Debtors

7,235

7,585

Cash at bank and in hand

59,599

34,654

67,034

42,439

CREDITORS

Amounts falling due within one year

20,822

19,860

NET CURRENT ASSETS

46,212

22,579

TOTAL ASSETS LESS CURRENT LIABILITIES

46,737

23,196

PROVISIONS FOR LIABILITIES

100

123

NET ASSETS

46,637

23,073

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

46,537

22,973

SHAREHOLDERS' FUNDS

46,637

23,073

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2017 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 May 2017 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 21 October 2017 and were signed on its behalf by:

T Wild - Director

1.	STATUTORY INFORMATION

Charlesworth Computers Limited is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

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

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 June 2016

and 31 May 2017

11,216

DEPRECIATION

At 1 June 2016

10,599

Charge for year

92

At 31 May 2017

10,691

NET BOOK VALUE

At 31 May 2017

525

At 31 May 2016

617

5.	RELATED PARTY DISCLOSURES

During the year, total dividends of £24,000 (2016 - £26,000) were paid to the directors .

T Wild, a director of the company was owed £1,644 (2016:£898) by the company at the year end.

6.	ULTIMATE CONTROLLING PARTY

The controlling party is T Wild.