SJ Chesterfield Ltd - Limited company - abbreviated - 11.6

REGISTERED NUMBER: SC260028 (Scotland)

Abbreviated Accounts for the Year Ended 31 March 2014

for

SJ CHESTERFIELD LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

S Chesterfield

A C Chesterfield

REGISTERED OFFICE:

Traill Drive

Montrose

Angus

DD10 8SW

REGISTERED NUMBER:

SC260028 (Scotland)

ACCOUNTANTS:

Account Tax Ltd

Chartered Certified Accountants

Traill Drive

Montrose

Angus

DD10 8SW

FIXED ASSETS

Tangible assets

2

18,195

17,469

CURRENT ASSETS

Stocks

5,666

5,666

Debtors

16,470

27,720

Cash at bank and in hand

106,299

62,089

128,435

95,475

CREDITORS

Amounts falling due within one year

30,216

29,162

NET CURRENT ASSETS

98,219

66,313

TOTAL ASSETS LESS CURRENT LIABILITIES

116,414

83,782

CAPITAL AND RESERVES

Called up share capital

3

4

4

Profit and loss account

116,410

83,778

SHAREHOLDERS' FUNDS

116,414

83,782

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2014 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 18 November 2014 and were signed on its behalf by:

S Chesterfield - 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 April 2008).

Turnover

Turnover represents net invoiced sales of goods, 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

-

25% on cost

Computer equipment

-

25% on reducing balance

Work in progress

Stocks are valued at the lower of cost and net realisable value, after making due allowance for

obsolete and slow moving items.

Work in Progress reflects uninvoiced work at the year end. Thus is valued at its subsequent selling

price in accordance with UITF40. Profit is therefore recognised.

Deferred tax

Deferred tax due to timing differences is immaterial and therefore not recognised.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2013

21,319

Additions

1,027

Disposals

(971

)

At 31 March 2014

21,375

DEPRECIATION

At 1 April 2013

3,850

Charge for year

301

Eliminated on disposal

(971

)

At 31 March 2014

3,180

NET BOOK VALUE

At 31 March 2014

18,195

At 31 March 2013

17,469

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

4

Ordinary

£1

4

4

4.	RELATED PARTY DISCLOSURES

During the year, total dividends of £40,380 (2013 - £10,450) were paid to the directors .

The company was under the control of the directors, SJ Chesterfield and A Chesterfield, throughout

the current year.

During the year the company repaid the directors net amounts totalling £4,121. As at 31 March 2014

included within other creditors is a balance outstanding due to the directors of £5,569 (2013-£9,690).

No interest has been paid on this loan.