A N Chivers Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 10804475 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2023

for

A N CHIVERS LIMITED

Page

Company Information

1

Chartered Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTOR:

A N Chivers

SECRETARY:

K J Chivers

REGISTERED OFFICE:

11 Laura Place

Bath

BA2 4BL

REGISTERED NUMBER:

10804475 (England and Wales)

ACCOUNTANTS:

Richardson Swift

Chartered Accountants

11 Laura Place

Bath

BA2 4BL

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 A N Chivers Limited for the year ended 31 March 2023 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity 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 Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of A N Chivers Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of A N Chivers Limited and state those matters that we have agreed to state to the director of A N Chivers Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than A N Chivers Limited and its director for our work or for this report.

It is your duty to ensure that A N Chivers 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 A N Chivers Limited. You consider that A N Chivers 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 A N Chivers 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.

Richardson Swift

Chartered Accountants

11 Laura Place

Bath

BA2 4BL

31 October 2023

FIXED ASSETS

Tangible assets

4

1,185

1,849

Investments

5

23,276

-

24,461

1,849

CURRENT ASSETS

Debtors

6

48,581

41,944

Cash at bank

266,931

225,428

315,512

267,372

CREDITORS

Amounts falling due within one year

7

32,719

35,789

NET CURRENT ASSETS

282,793

231,583

TOTAL ASSETS LESS CURRENT LIABILITIES

307,254

233,432

PROVISIONS FOR LIABILITIES

8

225

351

NET ASSETS

307,029

233,081

CAPITAL AND RESERVES

Called up share capital

9

2

2

Retained earnings

307,027

233,079

SHAREHOLDERS' FUNDS

307,029

233,081

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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 31 October 2023 and were signed by:

A N Chivers - Director

1.	STATUTORY INFORMATION

A N Chivers 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 as modified by the revaluation of certain assets.

Critical accounting judgements and key sources of estimation uncertainty

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

Turnover

Turnover is measured at the fair value of the consideration received, excluding discount, rebates, value added tax and other sales taxes. Revenue is recognised when services are rendered.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Office Equipment

-

33% on cost and 15% on reducing balance

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors, loans from banks and other third parties.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the profit or loss.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and the best estimate, which is an approximation, of the amount the company would receive for the asset if it were to be sold at the reporting date.

Financial assets and liabilities are offset and the net amount reported in the balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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.

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 profit or loss in the period to which they relate.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss accounts on a straight line basis over the period fo the lease.

Fixed asset investments

Fixed asset investments are recognised at cost.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Office

Equipment

£

COST

At 1 April 2022

4,258

Additions

724

At 31 March 2023

4,982

DEPRECIATION

At 1 April 2022

2,409

Charge for year

1,388

At 31 March 2023

3,797

NET BOOK VALUE

At 31 March 2023

1,185

At 31 March 2022

1,849

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST OR VALUATION

Additions

23,415

Revaluations

(139

)

At 31 March 2023

23,276

NET BOOK VALUE

At 31 March 2023

23,276

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Trade debtors

47,568

40,935

Other debtors

1,013

1,009

48,581

41,944

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Taxation and social security

25,382

25,157

Other creditors

7,337

10,632

32,719

35,789

8.	PROVISIONS FOR LIABILITIES

2023

2022

£

£

Deferred tax

225

351

Deferred

tax

£

Balance at 1 April 2022

351

Accelerated capital allowances

(126

)

Balance at 31 March 2023

225

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2023

2022

value:

£

£

1

A Ordinary

£1

1

1

1

B Ordinary

£1

1

1

2

2

Each share is entitled to one vote in any circumstances. Each share is entitled pari passu to dividend payments or any other distribution, in respect to the different share holdings, including distribution arising from a winding up of the company. Shares are non-redeemable.