M. CHATWIN (KINGSTANDING) LIMITED
M. CHATWIN (KINGSTANDING) LIMITED
M. CHATWIN (KINGSTANDING) LIMITED
Company Registration Number:
00855113 (England and Wales)
Unaudited statutory accounts for the year ended 31 December 2019
Period of accounts
Start date: 1 January 2019
End date: 31 December 2019
M. CHATWIN (KINGSTANDING) LIMITED
Contents of the Financial Statements
for the Period Ended 31 December 2019
Directors report | |
Balance sheet | |
Additional notes | |
Balance sheet notes |
M. CHATWIN (KINGSTANDING) LIMITED
Directors' report period ended
The directors present their report with the financial statements of the company for the period ended 31 December 2019
Principal activities of the company
Directors
The directors shown below have held office during the whole of the period from
1 January 2019 to 31 December 2019
The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006
This report was approved by the board of directors on
And signed on behalf of the board by:
Name:
Status: Director
M. CHATWIN (KINGSTANDING) LIMITED
Balance sheet
As at
Notes | 2019 | 2018 | |
---|---|---|---|
| £ | £ | |
Fixed assets | |||
Tangible assets: | 3 | | |
Total fixed assets: | | | |
Current assets | |||
Stocks: | 4 | | |
Debtors: | 5 | | |
Cash at bank and in hand: | | | |
Total current assets: | | | |
Creditors: amounts falling due within one year: | 6 | ( | ( |
Net current assets (liabilities): | | | |
Total assets less current liabilities: | | | |
Provision for liabilities: | ( | ( | |
Total net assets (liabilities): | | | |
Capital and reserves | |||
Called up share capital: | | | |
Profit and loss account: | | | |
Total Shareholders' funds: | | |
The notes form part of these financial statements
M. CHATWIN (KINGSTANDING) LIMITED
Balance sheet statements
The directors have chosen not to file a copy of the company's profit and loss account.
This report was approved by the board of directors on
and signed on behalf of the board by:
Name:
Status: Director
The notes form part of these financial statements
M. CHATWIN (KINGSTANDING) LIMITED
Notes to the Financial Statements
for the Period Ended 31 December 2019
-
1. Accounting policies
Basis of measurement and preparation
These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102 Turnover policy
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts. 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. Tangible fixed assets depreciation policy
Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.DepreciationDepreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:Fixtures, Fittings and Equipment 15% per annum reducing balanceMotor Vehicles 25% per annum reducing balance Other accounting policies
Cash and cash equivalentsCash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.Trade debtorsTrade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business. Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors 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.StocksStocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method. The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.Trade creditorsTrade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities. Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.Share capitalOrdinary 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.DividendsDividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.
M. CHATWIN (KINGSTANDING) LIMITED
Notes to the Financial Statements
for the Period Ended 31 December 2019
-
2. Employees
2019 2018 Average number of employees during the period 10 9
M. CHATWIN (KINGSTANDING) LIMITED
Notes to the Financial Statements
for the Period Ended 31 December 2019
3. Tangible assets
Land & buildings | Plant & machinery | Fixtures & fittings | Office equipment | Motor vehicles | Total | |
---|---|---|---|---|---|---|
Cost | £ | £ | £ | £ | £ | £ |
At 1 January 2019 | | | | |||
Additions | ||||||
Disposals | ||||||
Revaluations | ||||||
Transfers | ||||||
At 31 December 2019 | | | | |||
Depreciation | ||||||
At 1 January 2019 | | | | |||
Charge for year | | | | |||
On disposals | ||||||
Other adjustments | ||||||
At 31 December 2019 | | | | |||
Net book value | ||||||
At 31 December 2019 | | | | |||
At 31 December 2018 | | | |
M. CHATWIN (KINGSTANDING) LIMITED
Notes to the Financial Statements
for the Period Ended 31 December 2019
4. Stocks
2019 | 2018 | |
---|---|---|
£ | £ | |
Stocks | | |
Total | | |
M. CHATWIN (KINGSTANDING) LIMITED
Notes to the Financial Statements
for the Period Ended 31 December 2019
5. Debtors
2019 | 2018 | |
---|---|---|
£ | £ | |
Prepayments and accrued income | | |
Other debtors | | |
Total | | |
M. CHATWIN (KINGSTANDING) LIMITED
Notes to the Financial Statements
for the Period Ended 31 December 2019
6. Creditors: amounts falling due within one year note
2019 | 2018 | |
---|---|---|
£ | £ | |
Trade creditors | | |
Taxation and social security | | |
Accruals and deferred income | | |
Other creditors | | |
Total | | |