Cheslyn Dispersions Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 03845969 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2014

FOR

CHESLYN DISPERSIONS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

D Blundell

SECRETARY:

Mrs C Blundell

REGISTERED OFFICE:

Landywood Lane

Cheslyn Hay

Walsall

West Midlands

WS6 7AL

REGISTERED NUMBER:

03845969 (England and Wales)

ACCOUNTANTS:

Shelvoke Pickering Janney LLP

Chartered Accountants

57-61 Market Place

Cannock

Staffordshire

WS11 1BP

FIXED ASSETS

Tangible assets

2

230,585

253,694

CURRENT ASSETS

Stocks

93,940

91,898

Debtors

344,541

254,339

Cash at bank

791,916

511,255

1,230,397

857,492

CREDITORS

Amounts falling due within one year

319,796

296,146

NET CURRENT ASSETS

910,601

561,346

TOTAL ASSETS LESS CURRENT LIABILITIES

1,141,186

815,040

PROVISIONS FOR LIABILITIES

8,548

8,627

NET ASSETS

1,132,638

806,413

CAPITAL AND RESERVES

Called up share capital

3

19,100

19,100

Profit and loss account

1,113,538

787,313

SHAREHOLDERS' FUNDS

1,132,638

806,413

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 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 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 director on 16 December 2014 and were signed by:

D Blundell - 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.

Land and buildings

-

2% on cost

Plant and machinery etc

-

50% on reducing balance, 25% on reducing balance, 20% on reducing balance and 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 April 2013

670,496

Additions

5,140

At 31 March 2014

675,636

DEPRECIATION

At 1 April 2013

416,802

Charge for year

28,249

At 31 March 2014

445,051

NET BOOK VALUE

At 31 March 2014

230,585

At 31 March 2013

253,694

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

19,100

Ordinary

£1

19,100

19,100