| Chedvale Construction Limited |
| Registered number: |
01521538 |
| Balance Sheet |
| as at 30 September 2019 |
|
| Notes |
|
|
2019 |
|
|
2018 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
3 |
|
|
11,316 |
|
|
4,332 |
|
| Current assets |
| Stocks |
|
|
9,420 |
|
|
2,600 |
| Debtors |
4 |
|
213 |
|
|
15,872 |
| Cash at bank and in hand |
|
|
390 |
|
|
897 |
|
|
|
10,023 |
|
|
19,369 |
|
| Creditors: amounts falling due within one year |
5 |
|
(38,403) |
|
|
(29,927) |
|
| Net current liabilities |
|
|
|
(28,380) |
|
|
(10,558) |
|
| Total assets less current liabilities |
|
|
|
(17,064) |
|
|
(6,226) |
|
| Creditors: amounts falling due after more than one year |
6 |
|
|
(3,612) |
|
|
- |
|
| Provisions for liabilities |
|
|
|
(2,150) |
|
|
(823) |
|
| Net liabilities |
|
|
|
(22,826) |
|
|
(7,049) |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
100 |
|
|
100 |
| Profit and loss account |
|
|
|
(22,926) |
|
|
(7,149) |
|
| Shareholders' funds |
|
|
|
(22,826) |
|
|
(7,049) |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
| Michael Robbins |
| Director |
| Approved by the board on 15 September 2020 |
|
| Chedvale Construction Limited |
| Notes to the Accounts |
| for the year ended 30 September 2019 |
|
| 1 |
Accounting policies |
|
|
Statement of compliance |
|
The accounts have been prepared in accordance with FRS 102, Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006. |
|
|
Going concern |
|
After the reviewing the company's forecasts and projections, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseable future. Thus, he continues to adopt the going concern basis of accounting in preparing the financial statements. |
|
|
Revenue Recognition |
|
Revenue is measured at the fair value of the consideration received or receivable. Revenue is reduced for estimated customer returns, rebates and other similar allowances. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
|
Plant and machinery |
25% reducing balance |
|
Motor Vehicles |
25% reducing balance |
|
|
Stocks |
|
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first out basis. Overheads are charged to the profit and loss account as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs. |
|
|
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss accurs. The amount of any reversal of any write-down of stocks is regognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs. |
|
| 1 |
Accounting policies (continued) |
|
|
Taxation |
|
Taxation represents the sum of tax currently payable and deferred tax. |
|
|
The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period. |
|
|
Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be avaliable to allow all or part of the asset to be recovered. |
|
|
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on the tax rates (and tax laws) that have been enacted by the end of the reporting period. |
|
|
Pensions |
|
The company operates a defined contribution pension scheme, Chedvale Construction Limited Pension Scheme, and the pension charge represents the amounts payable by the company to the fund in respect of the year. |
|
|
| 2 |
Employees |
2019 |
|
2018 |
| Number |
Number |
|
|
Average number of persons employed by the company |
3 |
|
3 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
|
|
Plant and machinery etc |
|
Motor vehicles |
|
Total |
| £ |
£ |
£ |
|
Cost |
|
At 1 October 2018 |
17,405 |
|
7,650 |
|
25,055 |
|
Additions |
- |
|
10,823 |
|
10,823 |
|
Disposals |
- |
|
(4,850) |
|
(4,850) |
|
At 30 September 2019 |
17,405 |
|
13,623 |
|
31,028 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 October 2018 |
17,031 |
|
3,692 |
|
20,723 |
|
Charge for the year |
94 |
|
1,312 |
|
1,406 |
|
On disposals |
- |
|
(2,417) |
|
(2,417) |
|
At 30 September 2019 |
17,125 |
|
2,587 |
|
19,712 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 30 September 2019 |
280 |
|
11,036 |
|
11,316 |
|
At 30 September 2018 |
374 |
|
3,958 |
|
4,332 |
|
|
| 4 |
Debtors |
2019 |
|
2018 |
| £ |
£ |
|
|
Trade debtors |
- |
|
14,884 |
|
Other debtors |
213 |
|
988 |
|
|
|
|
|
|
213 |
|
15,872 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due within one year |
2019 |
|
2018 |
| £ |
£ |
|
|
Bank loans and overdrafts |
431 |
|
7,767 |
|
Trade creditors |
13,341 |
|
10,105 |
|
Taxation and social security costs |
759 |
|
824 |
|
Other creditors |
23,872 |
|
11,231 |
|
|
|
|
|
|
38,403 |
|
29,927 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due after one year |
2019 |
|
2018 |
| £ |
£ |
|
|
Other creditors |
3,612 |
|
- |
|
|
|
|
|
|
|
|
|
|
| 7 |
Pension commitments |
|
|
The company operates a defined contribution pension scheme, Chedvale Construction Limited Pension Scheme, for the employees. The assets of the scheme are held separately from those of the company in an independently administered fund. At the balance sheet date, unpaid contributions of £ NIL (2018 - £38) were due to the fund. They are included in other creditors. |
|
|
| 8 |
Other information |
|
|
Chedvale Construction Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
Hylton Hayes |
|
Lower North Street |
|
Cheddar |
|
Somerset |
|
BS27 3HH |
