Chelston Management Services Limited - Period Ending 2019-09-30
Chelston Management Services Limited - Period Ending 2019-09-30
Registration number:
Chelston Management Services Limited
for the Year Ended 30 September 2019
Chelston Management Services Limited
Contents
Company Information |
|
Balance Sheet |
|
Notes to the Financial Statements |
Chelston Management Services Limited
Company Information
Directors |
R D A Lloyd J E Holyday |
Registered office |
|
Accountants |
|
Chelston Management Services Limited
(Registration number: 02493036)
Balance Sheet as at 30 September 2019
Note |
2019 |
2018 |
|
Current assets |
|||
Debtors |
|
|
|
Cash at bank and in hand |
|
|
|
|
|
||
Creditors: Amounts falling due within one year |
( |
( |
|
Net assets |
|
|
|
Capital and reserves |
|||
Called up share capital |
|
|
|
Total equity |
|
|
For the financial year ending 30 September 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
• |
|
• |
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Income and Expenditure Account has been taken.
Approved and authorised by the
.........................................
Director
Chelston Management Services Limited
Notes to the Financial Statements for the Year Ended 30 September 2019
General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
These financial statements were authorised for issue by the
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention.
Revenue recognition
Turnover comprises the fair value of service charges received or receivable in relation to rechargeable expenditure incurred in the ordinary course of the company’s activities. Turnover is shown net of value added tax.
The company recognises revenue when the amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity; and specific criteria have been met for each of the company's activities.
Service charges receivable
Service charges receivable are amounts due in relation to rechargeable expenditure incurred in the ordinary course of the company’s activities.
Service charges receivable are recognised at the transaction value less provision for impairment. A provision for the impairment of service charges receivable is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Chelston Management Services Limited
Notes to the Financial Statements for the Year Ended 30 September 2019
Staff numbers |
The average number of persons employed by the company (under contracts of service) during the year, was
Debtors |
2019 |
2018 |
|
Other debtors |
|
|
|
|
2019 |
2018 |
|
Analysis of other debtors |
||
Service charges receivable |
13,317 |
13,734 |
Other debtors and prepayments |
45 |
213 |
13,362 |
13,947 |
Creditors |
Creditors: amounts falling due within one year
Note |
2019 |
2018 |
|
Due within one year |
|||
Value added tax |
|
|
|
Other creditors |
|
|
|
|
|
Note |
2019 |
2018 |
|
Analysis of other creditors |
|||
Service charges in advance |
48,959 |
26,429 |
|
Other creditors and accruals |
34,831 |
31,450 |
|
83,790 |
57,879 |
Chelston Management Services Limited
Notes to the Financial Statements for the Year Ended 30 September 2019
Share capital |
Allotted, called up and fully paid shares
2019 |
2018 |
|||
No. |
£ |
No. |
£ |
|
|
|
53 |
|
53 |
|
|
2 |
|
2 |
|
|
|
|