CHS Networks Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 03632235 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 SEPTEMBER 2016

FOR

CHS NETWORKS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

N A Schwemm

C Macphee

SECRETARY:

M Robson

REGISTERED OFFICE:

19 Montpelier Avenue

Bexley

Kent

DA5 3AP

REGISTERED NUMBER:

03632235 (England and Wales)

ACCOUNTANTS:

Robsons Accountants

19 Montpelier Avenue

Bexley

Kent

DA5 3AP

FIXED ASSETS

Tangible assets

2

26,546

32,557

CURRENT ASSETS

Stocks

18,463

19,507

Debtors

265,989

251,558

Cash in hand

1

69

284,453

271,134

CREDITORS

Amounts falling due within one year

(228,055

)

(189,658

)

NET CURRENT ASSETS

56,398

81,476

TOTAL ASSETS LESS CURRENT
LIABILITIES

82,944

114,033

CREDITORS

Amounts falling due after more than one
year

(80,061

)

(111,329

)

NET ASSETS

2,883

2,704

CAPITAL AND RESERVES

Called up share capital

3

100

Profit and loss account

2,783

2,604

SHAREHOLDERS' FUNDS

2,883

2,704

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2016 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 8 February 2017 and were signed on its behalf by:

N A Schwemm - 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 January 2015).

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.

Computer equipment

-

20% 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.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 October 2015

82,401

Additions

624

At 30 September 2016

83,025

DEPRECIATION

At 1 October 2015

49,844

Charge for year

6,635

At 30 September 2016

56,479

NET BOOK VALUE

At 30 September 2016

26,546

At 30 September 2015

32,557

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

100

Ordinary

£1

100