Registered number
08203425
Chartergate Legal Services Limited
Filleted Accounts
31 December 2021
Chartergate Legal Services Limited
Registered number: 08203425
Balance Sheet
as at 31 December 2021
Notes 2021 2020
£ £
Fixed assets
Tangible assets 3 54,644 69,737
Current assets
Debtors 4 161,991 183,852
Cash at bank and in hand 437,996 691,522
599,987 875,374
Creditors: amounts falling due within one year 5 (284,070) (337,956)
Net current assets 315,917 537,418
Net assets 370,561 607,155
Capital and reserves
Called up share capital 2 2
Profit and loss account 370,559 607,153
Shareholders' funds 370,561 607,155
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.
M Taylor
Director
Approved by the board on 7 September 2022
Chartergate Legal Services Limited
Notes to the Accounts
for the year ended 31 December 2021
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% reducing balance
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2021 2020
Number Number
Average number of persons employed by the company 12 15
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 January 2021 5,220 82,997 49,825 138,042
Additions - 1,381 - 1,381
At 31 December 2021 5,220 84,378 49,825 139,423
Depreciation
At 1 January 2021 - 55,849 12,456 68,305
Charge for the year - 7,132 9,342 16,474
At 31 December 2021 - 62,981 21,798 84,779
Net book value
At 31 December 2021 5,220 21,397 28,027 54,644
At 31 December 2020 5,220 27,148 37,369 69,737
4 Debtors 2021 2020
£ £
Trade debtors 128,442 145,129
Other debtors 33,549 38,723
161,991 183,852
5 Creditors: amounts falling due within one year 2021 2020
£ £
Trade creditors 12,375 12,765
Taxation and social security costs 270,720 322,017
Other creditors 975 3,174
284,070 337,956
6 Other information
Chartergate Legal Services Limited is a private company limited by shares and incorporated in England. Its registered office is:
5-6 Rankin House
Murdoch Court
Roebuck Way
Knowlhill
MK5 8GB
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