Chantwood Consultancy Ltd - Period Ending 2021-03-31

Chantwood Consultancy Ltd

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 7

Chantwood Consultancy Ltd

Company Information

Directors

C P R Pike Mrs V L Pike

Company secretary

C P R Pike

Registered office

Chantwood Mells Green Mells Frome Somerset BA11 3QE

Accountants

Burton Sweet Cooper House Lower Charlton Estate Shepton Mallet Somerset BA4 5QE

Chantwood Consultancy Ltd

(Registration number: 06637050)
Balance Sheet
31 March 2021

	Note	2021 £	2020 £
Fixed assets
Tangible assets	4	302,382	228,004
Other financial assets		33,795	33,795
		336,177	261,799
Current assets
Debtors	5	114,847	113,750
Cash at bank and in hand		76,418	153,523
		191,265	267,273
Creditors: Amounts falling due within one year	6	(115,200)	(100,441)
Net current assets		76,065	166,832
Net assets		412,242	428,631
Capital and reserves
Called up share capital		2	2
Profit and loss account		412,240	428,629
Total equity		412,242	428,631

Chantwood Consultancy Ltd

(Registration number: 06637050)
Balance Sheet
31 March 2021

For the financial year ending 31 March 2021 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 accounts for the year in question in accordance with section 476; and
•	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 Profit and Loss Account has been taken.

Approved and authorised by the Board on 20 December 2021 and signed on its behalf by:
 

Mrs V L Pike
Director

Chantwood Consultancy Ltd

Notes to the Unaudited Financial Statements
Year Ended 31 March 2021

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Chantwood
Mells Green
Mells
Frome
Somerset
BA11 3QE

2	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 except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

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.

Tax

The tax expense for the period comprises tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Chantwood Consultancy Ltd

Notes to the Unaudited Financial Statements
Year Ended 31 March 2021

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

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.

Depreciation

Depreciation 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:

Asset class	Depreciation method and rate
Freehold property	No depreciation is provided
Motor vehicles	Over 5 years on a straight line basis

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2020 - 2).

Chantwood Consultancy Ltd

Notes to the Unaudited Financial Statements
Year Ended 31 March 2021

4	Tangible assets

	Land and buildings £	Motor vehicles  £	Total £
Cost or valuation
At 1 April 2020	228,004	-	228,004
Additions	-	84,202	84,202
At 31 March 2021	228,004	84,202	312,206
Depreciation
Charge for the year	-	9,824	9,824
At 31 March 2021	-	9,824	9,824
Carrying amount
At 31 March 2021	228,004	74,378	302,382
At 31 March 2020	228,004	-	228,004

Included within the net book value of land and buildings above is £228,004 (2020 - £228,004) in respect of freehold land and buildings .
 

5

Debtors

	2021 £	2020 £
Other debtors	114,847	113,750
	114,847	113,750

Chantwood Consultancy Ltd

Notes to the Unaudited Financial Statements
Year Ended 31 March 2021

6

Creditors

Creditors: amounts falling due within one year

	Note	2021 £	2020 £
Due within one year
Bank loans and overdrafts	7	115,000	100,000
Taxation and social security		-	442
Accruals and deferred income		200	-
Other creditors		-	(1)
		115,200	100,441

7	Loans and borrowings

	2021 £	2020 £
Current loans and borrowings
Other borrowings	115,000	100,000