| Chedvale Construction Limited |
| Registered number: |
01521538 |
| Balance Sheet |
| as at 30 September 2022 |
|
| Notes |
|
|
2022 |
|
|
2021 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
3 |
|
|
7,527 |
|
|
10,036 |
|
| Current assets |
| Stocks |
|
|
7,880 |
|
|
24,478 |
| Debtors |
4 |
|
10,676 |
|
|
9,561 |
| Cash at bank and in hand |
|
|
55,401 |
|
|
22,901 |
|
|
|
73,957 |
|
|
56,940 |
|
| Creditors: amounts falling due within one year |
5 |
|
(16,303) |
|
|
(23,169) |
|
| Net current assets |
|
|
|
57,654 |
|
|
33,771 |
|
| Total assets less current liabilities |
|
|
|
65,181 |
|
|
43,807 |
|
|
| Provisions for liabilities |
|
|
|
(1,429) |
|
|
(1,906) |
|
| Net assets |
|
|
|
63,752 |
|
|
41,901 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
100 |
|
|
100 |
| Profit and loss account |
|
|
|
63,652 |
|
|
41,801 |
|
| Shareholders' funds |
|
|
|
63,752 |
|
|
41,901 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
| Michael Robbins |
| Director |
| Approved by the board on 30 June 2023 |
|
| Chedvale Construction Limited |
| Notes to the Accounts |
| for the year ended 30 September 2022 |
|
| 1 |
Accounting policies |
|
|
Statement of compliance |
|
The accounts have been prepared in accordance with FRS 102, Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006. |
|
|
Revenue Recognition |
|
Revenue is measured at the fair value of the consideration received or receivable. Revenue is reduced for estimated customer returns, rebates and other similar allowances. |
|
|
Revenue from the sale of goods is recognised when goods are delivered and legal title has passed. |
|
|
Tangible fixed assets |
|
Tangible fixed assets held for the company's own use are stated at cost less accumulative depreciation and any accumulative impairment losses. |
|
|
Depreciation is provided at rates calculated to write off the costs of fixed assets, less their estimated residual value, over their expected useful lives on a reducing balance basis at a rate of 25% per annum. |
|
|
Assets held under finance leases are depreciated in the same way as owned assets. |
|
|
At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of the asset, the Company estimates the recoverable amount of the cash-generating unit to which the asset belongs. |
|
|
Stocks |
|
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first out basis. Overheads are charged to the profit and loss account as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs. |
|
|
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss accurs. The amount of any reversal of any write-down of stocks is regognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs. |
|
| 1 |
Accounting policies ( continued ) |
|
|
Taxation |
|
Taxation represents the sum of tax currently payable and deferred tax. |
|
|
The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period. |
|
|
Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be avaliable to allow all or part of the asset to be recovered. |
|
|
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on the tax rates (and tax laws) that have been enacted by the end of the reporting period. |
|
|
Pensions |
|
The company operates a defined contribution pension scheme, Chedvale Construction Limited Pension Scheme, and the pension charge represents the amounts payable by the company to the fund in respect of the year. |
|
|
| 2 |
Employees |
2022 |
|
2021 |
| Number |
Number |
|
|
Average number of persons employed by the company |
3 |
|
3 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
|
|
Plant and machinery etc |
|
Motor vehicles |
|
Total |
| £ |
£ |
£ |
|
Cost |
|
At 1 October 2021 |
17,405 |
|
17,818 |
|
35,223 |
|
At 30 September 2022 |
17,405 |
|
17,818 |
|
35,223 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 October 2021 |
17,247 |
|
7,940 |
|
25,187 |
|
Charge for the year |
39 |
|
2,470 |
|
2,509 |
|
At 30 September 2022 |
17,286 |
|
10,410 |
|
27,696 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 30 September 2022 |
119 |
|
7,408 |
|
7,527 |
|
At 30 September 2021 |
158 |
|
9,878 |
|
10,036 |
|
|
| 4 |
Debtors |
2022 |
|
2021 |
| £ |
£ |
|
|
Trade debtors |
10,676 |
|
9,561 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due within one year |
2022 |
|
2021 |
| £ |
£ |
|
|
Trade creditors |
5,922 |
|
7,057 |
|
Taxation and social security costs |
9,347 |
|
5,039 |
|
Other creditors |
1,034 |
|
11,073 |
|
|
|
|
|
|
16,303 |
|
23,169 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Pension commitments |
|
|
The company operates a defined contribution pension scheme, Chedvale Construction Limited Pension Scheme, for the employees. The assets of the scheme are held separately from those of the company in an independently administered fund. At the balance sheet date, unpaid contributions of £34 (2021 - £NIL) were due to the fund. |
|
|
| 7 |
Other information |
|
|
Chedvale Construction Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
Hylton Hayes |
|
Lower North Street |
|
Cheddar |
|
Somerset |
|
BS27 3HH |
