Chester Thomas Developments Limited - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 11048668 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2022

FOR

CHESTER THOMAS DEVELOPMENTS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Certified Accountants' Report

6

DIRECTOR:

T D Murphy

REGISTERED OFFICE:

72 Nothampton Road

Earls Barton

Northampton

Northamptonshire

NN6 0HE

REGISTERED NUMBER:

11048668 (England and Wales)

ACCOUNTANTS:

Michael Paul Accountants Limited

Studio 2, Lamport Manor

Old Road

Lamport

Northamptonshire

NN6 9HF

FIXED ASSETS

Tangible assets

4

40,426

51,957

CURRENT ASSETS

Debtors

5

14,470

655

Cash at bank

195,093

192,699

209,563

193,354

CREDITORS

Amounts falling due within one year

6

65,087

61,979

NET CURRENT ASSETS

144,476

131,375

TOTAL ASSETS LESS CURRENT LIABILITIES

184,902

183,332

PROVISIONS FOR LIABILITIES

7,681

9,872

NET ASSETS

177,221

173,460

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

177,121

173,360

SHAREHOLDERS' FUNDS

177,221

173,460

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2022 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 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 2 January 2023 and were signed by:

T D Murphy - Director

1.	STATUTORY INFORMATION

Chester Thomas Developments 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 and value added tax.

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

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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 (2021 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 December 2021

21,280

72,034

93,314

Additions

1,945

-

1,945

At 30 November 2022

23,225

72,034

95,259

DEPRECIATION

At 1 December 2021

9,338

32,019

41,357

Charge for year

3,472

10,004

13,476

At 30 November 2022

12,810

42,023

54,833

NET BOOK VALUE

At 30 November 2022

10,415

30,011

40,426

At 30 November 2021

11,942

40,015

51,957

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.22

30.11.21

£

£

Trade debtors

13,606

221

Other debtors

864

434

14,470

655

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.22

30.11.21

£

£

Trade creditors

13,065

10,540

Taxation and social security

43,896

48,316

Other creditors

8,126

3,123

65,087

61,979

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Chester Thomas Developments Limited for the year ended 30 November 2022 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of Chester Thomas Developments Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Chester Thomas Developments Limited and state those matters that we have agreed to state to the director of Chester Thomas Developments Limited in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Chester Thomas Developments Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Chester Thomas Developments Limited. You consider that Chester Thomas Developments Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Chester Thomas Developments Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Michael Paul Accountants Limited

Studio 2, Lamport Manor

Old Road

Lamport

Northamptonshire

NN6 9HF

2 January 2023