Chattertons Estate Agents Ltd Filleted accounts for Companies House (small and micro)
Chattertons Estate Agents Ltd Filleted accounts for Companies House (small and micro)
COMPANY REGISTRATION NUMBER:
06668191
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FINANCIAL STATEMENTS |
YEAR ENDED 31 AUGUST 2023
CONTENTS |
PAGE |
Statement of financial position |
1 |
Notes to the financial statements |
3 |
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STATEMENT OF FINANCIAL POSITION |
2023 |
2022 |
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Note |
£ |
£ |
FIXED ASSETS
Intangible assets |
6 |
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Tangible assets |
7 |
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Investments |
8 |
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CURRENT ASSETS
Debtors |
9 |
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Cash at bank and in hand |
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CREDITORS: amounts falling due within one year |
10 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
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PROVISIONS |
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NET ASSETS |
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STATEMENT OF FINANCIAL POSITION (continued) |
2023 |
2022 |
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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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Director's responsibilities:
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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
;
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The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
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These financial statements were approved by the
board of directors
and authorised for issue on
6 February 2024
, and are signed on behalf of the board by:
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Director |
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Company registration number:
06668191
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NOTES TO THE FINANCIAL STATEMENTS |
YEAR ENDED 31 AUGUST 2023
1.
GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Onega House, 112 Main Road, Sidcup, Kent, DA14 6NE.
2.
STATEMENT OF COMPLIANCE
3.
ACCOUNTING POLICIES
Basis of preparation
Judgements and key sources of estimation uncertainty
Revenue recognition
Taxation
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill |
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If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
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:
Fixtures and fittings |
- |
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Motor cehicles |
- |
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Equipment |
- |
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Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Impairment of fixed assets
Provisions
Financial instruments
Defined contribution plans
4.
EMPLOYEE NUMBERS
The average number of persons employed by the company during the year amounted to
5
(2022:
6
).
5.
TAX ON PROFIT
Major components of tax expense
2023 |
2022 |
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£ |
£ |
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Current tax:
UK current tax expense |
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Deferred tax:
Origination and reversal of timing differences |
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Tax on profit |
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6.
INTANGIBLE ASSETS
Goodwill |
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£ |
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Cost |
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At 1 September 2022 and 31 August 2023 |
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Amortisation |
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At 1 September 2022 |
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Charge for the year |
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At 31 August 2023 |
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Carrying amount |
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At 31 August 2023 |
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At 31 August 2022 |
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7.
TANGIBLE ASSETS
Fixtures and fittings |
Motor vehicles |
Equipment |
Total |
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£ |
£ |
£ |
£ |
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Cost |
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At 1 September 2022 and 31 August 2023 |
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Depreciation |
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At 1 September 2022 |
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Charge for the year |
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At 31 August 2023 |
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Carrying amount |
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At 31 August 2023 |
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At 31 August 2022 |
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8.
INVESTMENTS
Investment property |
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£ |
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Cost |
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At 1 September 2022 |
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Revaluations |
(
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At 31 August 2023 |
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Impairment |
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At 1 September 2022 and 31 August 2023 |
– |
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Carrying amount |
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At 31 August 2023 |
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At 31 August 2022 |
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9.
DEBTORS
2023 |
2022 |
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£ |
£ |
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Trade debtors |
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Other debtors |
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10.
CREDITORS:
amounts falling due within one year
2023 |
2022 |
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£ |
£ |
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Trade creditors |
– |
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Corporation tax |
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Social security and other taxes |
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Other creditors |
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11.
DEFERRED TAX
The deferred tax included in the statement of financial position is as follows:
2023 |
2022 |
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£ |
£ |
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Included in provisions |
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12.
DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES
During the year the director did not enter into any advances, credits or guarantees with the company.