MALCOLM CHALK LTD - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 05081292 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MAY 2014

FOR

MALCOLM CHALK LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

Mr M Chalk

SECRETARY:

Mrs J Y Chalk

REGISTERED OFFICE:

23 Salters

Bishops Stortford

Hertfordshire

CM23 4NX

REGISTERED NUMBER:

05081292 (England and Wales)

ACCOUNTANTS:

KNIGHT WHEELER LIMITED

Chartered Accountants

54 Sun Street

Waltham Abbey

Essex

EN9 1EJ

FIXED ASSETS

Tangible assets

2

324

511

CURRENT ASSETS

Debtors

30,848

30,442

CREDITORS

Amounts falling due within one year

(31,027

)

(30,839

)

NET CURRENT LIABILITIES

(179

)

(397

)

TOTAL ASSETS LESS CURRENT LIABILITIES

145

114

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

45

14

SHAREHOLDERS' FUNDS

145

114

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 11 February 2015 and were signed by:

Mr M Chalk - 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, except in respect of service contracts

where turnover is recognised when the company obtains the right to consideration.

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

Motor vehicles

-

25% on cost

Computer equipment

-

33% on cost

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 June 2013

11,831

Additions

417

At 31 May 2014

12,248

DEPRECIATION

At 1 June 2013

11,320

Charge for year

604

At 31 May 2014

11,924

NET BOOK VALUE

At 31 May 2014

324

At 31 May 2013

511

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

75

Ordinary

£1

75

75

25

'A' ordinary

£1

25

25

100

100

4.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to Mr M Chalk a director subsisted during the years ended 31 May 2014 and

31 May 2013:

2014

2013

£

£

Mr M Chalk

Balance outstanding at start of year

2,841

-

Amounts advanced

4,460

2,841

Amounts repaid

(2,841

)

-

Balance outstanding at end of year

4,460

2,841