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REGISTERED NUMBER: 05248095 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2022

FOR

CHELSFIELD MOTOR WORKS LIMITED

CHELSFIELD MOTOR WORKS LIMITED (REGISTERED NUMBER: 05248095)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CHELSFIELD MOTOR WORKS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2022







DIRECTOR: T Lord





SECRETARY: Miss L A Sargeant





REGISTERED OFFICE: 5 White Oak Square
London Road
Swanley
Kent
BR8 7AG





REGISTERED NUMBER: 05248095 (England and Wales)





ACCOUNTANTS: Sargeant Partnership LLP
Chartered Accountants
5 White Oak Square
London Road
Swanley
Kent
BR8 7AG

CHELSFIELD MOTOR WORKS LIMITED (REGISTERED NUMBER: 05248095)

BALANCE SHEET
30 APRIL 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 17,145 25,418
17,145 25,418

CURRENT ASSETS
Stocks 1,874 1,807
Debtors 6 34,930 8,481
Cash at bank and in hand 147,925 182,059
184,729 192,347
CREDITORS
Amounts falling due within one year 7 76,875 71,387
NET CURRENT ASSETS 107,854 120,960
TOTAL ASSETS LESS CURRENT
LIABILITIES

124,999

146,378

CREDITORS
Amounts falling due after more than one
year

8

(32,000

)

(39,333

)

PROVISIONS FOR LIABILITIES (475 ) (1,251 )
NET ASSETS 92,524 105,794

CHELSFIELD MOTOR WORKS LIMITED (REGISTERED NUMBER: 05248095)

BALANCE SHEET - continued
30 APRIL 2022

2022 2021
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 92,424 105,694
SHAREHOLDERS' FUNDS 92,524 105,794

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2022 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 7 September 2022 and were signed by:





T Lord - Director


CHELSFIELD MOTOR WORKS LIMITED (REGISTERED NUMBER: 05248095)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2022

1. STATUTORY INFORMATION

Chelsfield Motor Works 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.

Turnover
Turnover represents net invoiced sales of goods and services, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2005. The remaining net book value is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - 20% per annum on reducing balance
Plant and machinery - 33% per annum on reducing balance
Fixtures, Fittings and Office
Equipment

-

33% per annum on reducing balance
Motor vehicles - 25% per annum on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.


CHELSFIELD MOTOR WORKS LIMITED (REGISTERED NUMBER: 05248095)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2022

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2021 - 9 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2021 541,998
Disposals (541,998 )
At 30 April 2022 -
AMORTISATION
At 1 May 2021 541,998
Eliminated on disposal (541,998 )
At 30 April 2022 -
NET BOOK VALUE
At 30 April 2022 -
At 30 April 2021 -

CHELSFIELD MOTOR WORKS LIMITED (REGISTERED NUMBER: 05248095)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2022

5. TANGIBLE FIXED ASSETS
Fixtures,
Fittings
and
Short Plant and Office Motor
leasehold machinery Equipment vehicles Totals
£    £    £    £    £   
COST
At 1 May 2021 34,878 79,039 48,421 47,725 210,063
Additions - - - 20,080 20,080
Disposals - - - (28,280 ) (28,280 )
At 30 April 2022 34,878 79,039 48,421 39,525 201,863
DEPRECIATION
At 1 May 2021 33,382 61,468 45,311 44,484 184,645
Charge for year 299 5,799 1,026 4,110 11,234
Eliminated on disposal - - - (11,161 ) (11,161 )
At 30 April 2022 33,681 67,267 46,337 37,433 184,718
NET BOOK VALUE
At 30 April 2022 1,197 11,772 2,084 2,092 17,145
At 30 April 2021 1,496 17,571 3,110 3,241 25,418

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 11,271 1,063
Other debtors 23,659 7,418
34,930 8,481

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts 8,000 667
Trade creditors 22,381 10,797
Taxation and social security 35,762 55,357
Other creditors 10,732 4,566
76,875 71,387

CHELSFIELD MOTOR WORKS LIMITED (REGISTERED NUMBER: 05248095)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2022

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2022 2021
£    £   
Bank loans 32,000 39,333

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 7,333

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2022 2021
value: £    £   
90 Ordinary £1 90 90
10 Ordinary A £1 10 10
100 100

10. RESERVES
Retained
earnings
£   

At 1 May 2021 105,694
Profit for the year 54,730
Dividends (68,000 )
At 30 April 2022 92,424

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date the company owed Mr T Lord £586 (2021: £453).

12. RELATED PARTY DISCLOSURES

During the year dividends were paid to director, T Lord, of £40,800 (2021: £40,800) and dividends paid to other shareholders, who were not directors of £27,200 (2021: £27,200).