Phone Shop (Chester) Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 07953842 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 March 2014

for

Phone Shop (Chester) Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

Mr C J Roberts

Mr J Algieri

REGISTERED OFFICE:

Commodore House

51 Conway Road

Colwyn Bay

Conwy

LL29 7AW

REGISTERED NUMBER:

07953842 (England and Wales)

ACCOUNTANTS:

Task Accounting Limited

Commodore House

51 Conway Road

Colwyn Bay

Conwy

LL29 7AW

FIXED ASSETS

Tangible assets

2

8,727

9,344

CURRENT ASSETS

Stocks

8,000

11,200

Debtors

7,650

8,278

Cash at bank

13,578

2,383

29,228

21,861

CREDITORS

Amounts falling due within one year

19,321

21,080

NET CURRENT ASSETS

9,907

781

TOTAL ASSETS LESS CURRENT LIABILITIES

18,634

10,125

PROVISIONS FOR LIABILITIES

1,746

1,869

NET ASSETS

16,888

8,256

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

16,788

8,156

SHAREHOLDERS' FUNDS

16,888

8,256

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 10 September 2014 and were signed on its behalf by:

Mr J Algieri - 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

-

15% on reducing balance

Fixtures and fittings

-

33% on cost

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line

basis over the period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2013

14,016

Additions

4,770

At 31 March 2014

18,786

DEPRECIATION

At 1 April 2013

4,672

Charge for year

5,387

At 31 March 2014

10,059

NET BOOK VALUE

At 31 March 2014

8,727

At 31 March 2013

9,344

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.14

31.3.13

value:

£

£

100

Ordinary

£1

100

100