K Charles & Co Ltd - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 01633347 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 October 2013

for

K Charles & Co Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

Mrs A Haralambous

K Haralambous

SECRETARY:

Mrs A Haralambous

REGISTERED OFFICE:

359 - 375 Tyburn Road

Erdington

Birmingham

B24 8HJ

REGISTERED NUMBER:

01633347 (England and Wales)

ACCOUNTANTS:

Lucas Reis Limited

Landmark House

Station Rd

Cheadle Hulme

Cheshire

SK8 7BS

FIXED ASSETS

Tangible assets

2

26,069

25,329

CURRENT ASSETS

Stocks

132,039

130,487

Debtors

52,838

101,235

Cash at bank and in hand

169,071

175,706

353,948

407,428

CREDITORS

Amounts falling due within one year

183,029

200,591

NET CURRENT ASSETS

170,919

206,837

TOTAL ASSETS LESS CURRENT LIABILITIES

196,988

232,166

PROVISIONS FOR LIABILITIES

4,530

4,232

NET ASSETS

192,458

227,934

CAPITAL AND RESERVES

Called up share capital

3

20,000

20,000

Profit and loss account

172,458

207,934

SHAREHOLDERS' FUNDS

192,458

227,934

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2013 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 22 July 2014 and were signed on its behalf by:

Mrs A Haralambous - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention.

Financial reporting standard number 1

Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a

small company.

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

-

15% on cost

Plant and machinery etc

-

25% 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 November 2012

145,731

Additions

6,914

Disposals

(1,600

)

At 31 October 2013

151,045

DEPRECIATION

At 1 November 2012

120,402

Charge for year

5,499

Eliminated on disposal

(925

)

At 31 October 2013

124,976

NET BOOK VALUE

At 31 October 2013

26,069

At 31 October 2012

25,329

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.10.13

31.10.12

value:

£

£

20,000

Ordinary

£1

20,000

20,000