T._CHAMBERS_AND_SON_LIMIT - Accounts

T. CHAMBERS & SON LIMITED - Company Information

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Company Registration No. 01716372 (England and Wales)

T. CHAMBERS AND SON LIMITED

UNAUDITED ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2013

T. CHAMBERS AND SON LIMITED

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 4

T. CHAMBERS AND SON LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 DECEMBER 2013

- 1 -

2013

2012

Notes

Fixed assets

Intangible assets

30,000

40,000

Tangible assets

91,044

63,157

121,044

103,157

Current assets

Stocks

190,015

166,632

Debtors

185,776

234,225

Cash at bank and in hand

106,988

23,803

482,779

424,660

Creditors: amounts falling due within one year

(432,357)

(396,903)

Net current assets

50,422

27,757

Total assets less current liabilities

171,466

130,914

Creditors: amounts falling due after more than one year

(25,208)

Provisions for liabilities

(13,402)

132,856

130,914

Capital and reserves

Called up share capital

5,000

Profit and loss account

127,856

125,914

Shareholders' funds

132,856

130,914

T. CHAMBERS AND SON LIMITED

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

31 DECEMBER 2013

- 2 -

For the financial year ended 31 December 2013 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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 for issue on 14 April 2014

J Chambers Esq

Director

Company Registration No. 01716372

T. CHAMBERS AND SON LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2013

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Turnover

Turnover for the year is derived wholly from the company's business of being a timber merchants and represents the total invoice value, excluding Value Added Tax of sales made during the year

1.3

Goodwill

Acquired goodwill is written off in ten equal annual instalments over its estimated useful economic life.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Land and buildings

5% Straight Line

Plant and machinery

15% Reducing Balance

Fixtures, fittings & equipment

15% Reducing Balance

Motor vehicles

20% Reducing Balance

1.5

Pensions

The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are charged to the profit and loss account in the year they are payable.

1.6

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.

T. CHAMBERS AND SON LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2013

- 4 -

Fixed assets

Intangible assets

Tangible assets

Total

Cost

At 1 January 2013

100,000

132,338

232,338

Additions

46,899

Disposals

(1,763)

At 31 December 2013

100,000

177,474

277,474

Depreciation

At 1 January 2013

60,000

69,181

129,181

On disposals

(860)

Charge for the year

10,000

18,109

28,109

At 31 December 2013

70,000

86,430

156,430

Net book value

At 31 December 2013

30,000

91,044

121,044

At 31 December 2012

40,000

63,157

103,157

Share capital

2013

2012

Allotted, called up and fully paid

5,000 Ordinary shares of £1 each

5,000