Ian Churcher Ltd - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 04935096 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 December 2013

for

Ian Churcher Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

I Churcher

SECRETARY:

Mrs C J Churcher

REGISTERED OFFICE:

1A Berkeley Court

Berkekely Vale

Falmouth

Cornwall

TR11 3PB

REGISTERED NUMBER:

04935096 (England and Wales)

ACCOUNTANTS:

Harland Accountants

1A Berkeley Court, Berkeley Vale

Falmouth

Cornwall

TR11 3PB

FIXED ASSETS

Intangible assets

2

4,000

4,250

Tangible assets

3

178

237

4,178

4,487

CURRENT ASSETS

Stocks

190

140

Cash at bank

7,218

2,892

7,408

3,032

CREDITORS

Amounts falling due within one year

10,242

6,201

NET CURRENT LIABILITIES

(2,834

)

(3,169

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,344

1,318

CAPITAL AND RESERVES

Called up share capital

4

100

100

Profit and loss account

1,244

1,218

SHAREHOLDERS' FUNDS

1,344

1,318

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2013.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2013 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 20 August 2014 and were signed by:

I Churcher - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared on a going concern basis which assumes

that the company will continue in existence for the foreseeable future. The validity of this

assumption depends upon the continuing support of the director who has loaned the

company money. The director has confirmed that he will continue to support the

company and will not request repayment of his loan unless the company has funds

available to meet this request.

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, except in

respect of service contracts where turnover is recognised when the company obtains the

right to consideration.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of twenty years.

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 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.

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.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2013

and 31 December 2013

5,000

AMORTISATION

At 1 January 2013

750

Amortisation for year

250

At 31 December 2013

1,000

NET BOOK VALUE

At 31 December 2013

4,000

At 31 December 2012

4,250

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2013

and 31 December 2013

1,520

DEPRECIATION

At 1 January 2013

1,283

Charge for year

59

At 31 December 2013

1,342

NET BOOK VALUE

At 31 December 2013

178

At 31 December 2012

237

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2013

2012

value:

£

£

100

Ordinary

£1

100

100