Blue Chip CNC Limited Filleted accounts for Companies House (small and micro)
Blue Chip CNC Limited Filleted accounts for Companies House (small and micro)
COMPANY REGISTRATION NUMBER:
06818332
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Statement of Financial Position |
2021 |
2020 |
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Note |
£ |
£ |
Fixed assets
Tangible assets |
5 |
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Current assets
Debtors |
6 |
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Cash at bank and in hand |
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--------- |
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Creditors: amounts falling due within one year |
7 |
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Net current (liabilities)/assets |
(
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--------- |
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Total assets less current liabilities |
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Creditors: amounts falling due after more than one year |
8 |
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– |
Provisions
Taxation including deferred tax |
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Net assets |
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Statement of Financial Position (continued) |
2021 |
2020 |
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Note |
£ |
£ |
Capital and reserves
Called up share capital |
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Profit and loss account |
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Shareholders funds |
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In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
These financial statements were approved by the
board of directors
and authorised for issue on
10 November 2021
, and are signed on behalf of the board by:
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Director |
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Company registration number:
06818332
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Notes to the Financial Statements |
Year ended 28th February 2021
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unit 34, Wildmoor Mill Farm, Mill Lane, Bromsgrove, Worcestershire, B61 0BX.
2.
Statement of compliance
3.
Accounting policies
(a)
Basis of preparation
(b)
Judgements and key sources of estimation uncertainty
(c)
Revenue recognition
(d)
Deferred tax
(e)
Foreign currencies
(f)
Tangible assets
(g)
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery |
- |
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Motor vehicles |
- |
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Equipment |
- |
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(h)
Finance leases and hire purchase contracts
(i)
Government grants
(j)
Provisions
(k)
Financial instruments
(l)
Defined contribution plans
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
10
(2020:
12
).
5.
Tangible assets
Plant and machinery |
Motor vehicles |
Equipment |
Total |
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£ |
£ |
£ |
£ |
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Cost |
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At 1st March 2020 |
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Additions |
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– |
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Disposals |
(
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– |
– |
(
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At 28th February 2021 |
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Depreciation |
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At 1st March 2020 |
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Charge for the year |
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Disposals |
(
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– |
– |
(
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--------- |
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At 28th February 2021 |
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Carrying amount |
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At 28th February 2021 |
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At 29th February 2020 |
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Finance leases and hire purchase contracts
Included within the carrying value of tangible assets are the following amounts relating to assets held under finance leases or hire purchase agreements:
Plant and machinery |
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£ |
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At 28th February 2021 |
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At 29th February 2020 |
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6.
Debtors
2021 |
2020 |
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£ |
£ |
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Trade debtors |
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Other debtors |
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7.
Creditors:
amounts falling due within one year
2021 |
2020 |
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£ |
£ |
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Trade creditors |
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Social security and other taxes |
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Other creditors |
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--------- |
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8.
Creditors:
amounts falling due after more than one year
2021 |
2020 |
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£ |
£ |
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Other creditors |
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– |
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9.
Directors' advances, credits and guarantees
During the year there were no directors' advances, credits or guarantees. At the year end the company owed the directors £30,443 (2020: £30,879).
10.
Related party transactions
The company was under the control of Mr M.J. Cooper and Mr P.C. Milner throughout the current and previous year. There were no transactions with related parties which require disclosure under FRS 102.