Company Registration No. 03935422 (England and Wales)
CHARLMERS LIMITED
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2014
126007-2014
Registered office
94-96 Wigmore Street
London
W1U 3RF
CHARLMERS LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 DECEMBER 2014
31 December 2014
- 1 -
2014
2013
Notes
€
€
€
€
Current assets
Debtors
58,147
88,898
Cash at bank and in hand
36,583
12,664
94,730
101,562
Creditors: amounts falling due within one year
(3,222)
(3,792)
Total assets less current liabilities
91,508
97,770
Capital and reserves
Called up share capital
2
1,534
1,534
Profit and loss account
89,974
96,236
Shareholders' funds
91,508
97,770
For the financial year ended 31 December 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board and authorised for issue on 17 April 2015
Belford LLC
Director
Company Registration No. 03935422
CHARLMERS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2014
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention.
The company has taken advantage of the exemption in Financial Reporting Standard No 1 from the requirement to produce a cash flow statement on the grounds that it is a small company.
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
Deferred taxation
Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.
1.5
Foreign currency translation
The company's accounting records are maintained in
Euros
.
Transactions in other currencies are converted at the rate ruling at the date of the transaction. Monetary assets and liabilities are converted at the rate of exchange ruling at the balance sheet date. Any material gains or losses resulting from the conversion are taken to the profit and loss account.
2
Share capital
2014
2013
€
€
Allotted, called up and fully paid
Ordinary share
1,534
1,534
The issued share capital represents 1,000 ordinary share with a par value of £1 each.