Brothers Chester Limited - Accounts to registrar (filleted) - small 18.2

Brothers Chester Limited - Accounts to registrar (filleted) - small 18.2

BROTHERS CHESTER LIMITED - Company Information

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REGISTERED NUMBER: 09453770 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 FEBRUARY 2020

FOR

BROTHERS CHESTER LIMITED
BROTHERS CHESTER LIMITED (REGISTERED NUMBER: 09453770)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2020




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BROTHERS CHESTER LIMITED


COMPANY INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2020







DIRECTOR: M F Sciarrillo





REGISTERED OFFICE: 473 Warrington Road
Culcheth
Warrington
Cheshire
WA3 5QU





REGISTERED NUMBER: 09453770 (England and Wales)





Page 1
BROTHERS CHESTER LIMITED (REGISTERED NUMBER: 09453770)


BALANCE SHEET
29 FEBRUARY 2020

29.2.20 28.2.19
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 49,833 57,298

CURRENT ASSETS
Stocks 2,045 3,095
Debtors 5 49,415 48,372
Cash at bank 18,376 30,283
69,836 81,750
CREDITORS
Amounts falling due within one year 6 92,425 138,905
NET CURRENT LIABILITIES (22,589 ) (57,155 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
27,244
143

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 27,144 43
27,244 143

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2020 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 notes form part of these financial statements

Page 2 continued...
BROTHERS CHESTER LIMITED (REGISTERED NUMBER: 09453770)


BALANCE SHEET - continued
29 FEBRUARY 2020


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 11 May 2021 and were signed by:





K Thenga - Director


The notes form part of these financial statements

Page 3
BROTHERS CHESTER LIMITED (REGISTERED NUMBER: 09453770)


NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2020

1. STATUTORY INFORMATION

Brothers Chester Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Page 4 continued...
BROTHERS CHESTER LIMITED (REGISTERED NUMBER: 09453770)


NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2020

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2019 - NIL ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2019 106,846
Additions 689
At 29 February 2020 107,535
DEPRECIATION
At 1 March 2019 49,548
Charge for year 8,154
At 29 February 2020 57,702
NET BOOK VALUE
At 29 February 2020 49,833
At 28 February 2019 57,298

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.20 28.2.19
£    £   
Amounts owed by group undertakings 46,915 46,915
Other debtors 2,500 1,457
49,415 48,372

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.20 28.2.19
£    £   
Trade creditors 6,381 14,966
Taxation and social security 39,115 37,687
Other creditors 46,929 86,252
92,425 138,905

Page 5