Chilfen Contracting Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07394444 (England and Wales)

CHILFEN CONTRACTING LIMITED

FINANCIAL STATEMENTS FOR THE YEAR ENDED 28TH FEBRUARY 2021

Page

Company Information

1

Abridged Statement of Financial Position

2

Notes to the Financial Statements

3

to

5

DIRECTORS:

R B A Childs

A B Childs

M Dear

REGISTERED OFFICE:

Unit 1 Flint Road

Letchworth Garden City

Hertfordshire

SG6 1HJ

REGISTERED NUMBER:

07394444 (England and Wales)

AUDITORS:

Wags LLP t/a Wagstaffs

Chartered Accountants and Statutory Auditors

Richmond House

Walkern Road

Stevenage

Hertfordshire

SG1 3QP

CURRENT ASSETS

Debtors

772

15,329

Cash at bank and in hand

14,387

276

15,159

15,605

CREDITORS

Amounts falling due within one year

(180,579

)

(185,663

)

NET CURRENT LIABILITIES

(165,420

)

(170,058

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(165,420

)

(170,058

)

CAPITAL AND RESERVES

Called up share capital

5

100

100

Retained earnings

(165,520

)

(170,158

)

SHAREHOLDERS' FUNDS

(165,420

)

(170,058

)

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

All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 28th February 2021 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the Board of Directors and authorised for issue on 18th November 2021 and were signed on its behalf by:

R B A Childs - Director

1.	STATUTORY INFORMATION

Chilfen Contracting 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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements are prepared on a going concern basis. The use of the going concern basis of accounting is appropriate because there are no material uncertainties related to events or conditions that may cast significant doubt about the ability of the company to continue as a going concern. Should the company need it, support from the company's ultimate parent company is available.

Significant judgements and estimates

No significant judgements or estimates have had to be made by the directors in preparing these financial statements.

Revenue

Revenue represents the total invoice value, excluding value added tax, trade discounts and all other taxes of sales made during the year.

Revenue recognition

Revenue is recognised when goods have been delivered and services supplied to customers such that risks and rewards of ownership have transferred to them.

Tax

Tax 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 tax 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all material timing differences that have originated but not reversed at the statement of financial position 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to the income statement in the period to which they relate.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2020 - NIL).

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2021

2020

value:

£

£

100

Ordinary

1

100

100

6.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Mr M Hubbocks (Senior Statutory Auditor)

for and on behalf of Wags LLP t/a Wagstaffs

7.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries with the group.

8.	POST BALANCE SHEET EVENTS

The outbreak of coronavirus, also known as Covid 19 has spread across the globe and is impacting worldwide economic activity. The outbreak and the related mitigation measures may have an adverse impact on global economic conditions as well as on the company's business activities.

The directors continue to monitor the impact of the virus on the business as more information about the pandemic emerges and have a reasonable expectation that the company has adequate resources to continue in operational existence and to meet it's financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

9.	PARENT COMPANY

The directors regard Wiltonsign Properties Limited as the ultimate parent company. Chilfen Export Packaging Limited is the immediate parent company. The financial statements are consolidated in the financial statements of Wiltonsign Properties Limited and copies of the group financial statements may be obtained from Companies House. The registered offices of the ultimate parent companies is 5 Yeomans Court, Ware Road, Hertford, Hertfordshire, SG13 7HJ.