Chipping Sodbury Developments Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04662202

Unaudited Financial Statements for the Year Ended 30 April 2021

for

Chipping Sodbury Developments Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

T Whittingham

REGISTERED OFFICE:

17 Duckmoor Road

Ashton

Bristol

BS3 2DD

REGISTERED NUMBER:

04662202

ACCOUNTANTS:

P B Accountancy Ltd

17 Duckmoor Road

Ashton

Bristol

BS3 2DD

BANKERS:

National Westminster Bank

Bristol City Office

32 Corn Street

Bristol

BS99 7UG

FIXED ASSETS

Tangible assets

4

786

1,048

CURRENT ASSETS

Stocks

154,419

141,405

Debtors

5

68,802

2,481

Cash at bank

46,008

8,373

269,229

152,259

CREDITORS

Amounts falling due within one year

6

342,308

224,423

NET CURRENT LIABILITIES

(73,079

)

(72,164

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(72,293

)

(71,116

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(72,393

)

(71,216

)

(72,293

)

(71,116

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2021 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 15 January 2022 and were signed by:

T Whittingham - Director

1.	STATUTORY INFORMATION

Chipping Sodbury Developments Limited is a private company, limited by shares , registered in Not specified/Other. 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.

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 etc

-

25% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2020 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 May 2020

and 30 April 2021

7,689

DEPRECIATION

At 1 May 2020

6,641

Charge for year

262

At 30 April 2021

6,903

NET BOOK VALUE

At 30 April 2021

786

At 30 April 2020

1,048

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.21

30.4.20

£

£

Amounts owed by participating interests

65,879

-

Other debtors

2,923

2,481

68,802

2,481

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.21

30.4.20

£

£

Bank loans and overdrafts

50,000

-

Trade creditors

1,896

-

Other creditors

290,412

224,423

342,308

224,423

7.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 April 2021 and 30 April 2020:

30.4.21

30.4.20

£

£

T Whittingham

Balance outstanding at start of year

(289,742

)

(81,292

)

Amounts repaid

-

(208,450

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(289,742

)

(289,742

)

**UNKNOWN DIRECTOR 2**

Balance outstanding at start of year

-

(8,450

)

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

-