1 January 2022 v2023.21.1 limited_company_frs_102_section_1a_v1_1_0 companies_houseSoftwarefalsetruetruetrueNo description of principal activitytruexbrli:purexbrli:sharesiso4217:GBP105338362022-01-012022-12-31105338362022-12-31105338362021-12-3110533836core:WithinOneYear2022-12-3110533836core:WithinOneYear2021-12-3110533836core:ShareCapital2022-12-3110533836core:ShareCapital2021-12-3110533836core:RetainedEarningsAccumulatedLosses2022-12-3110533836core:RetainedEarningsAccumulatedLosses2021-12-3110533836bus:Director12022-01-012022-12-3110533836bus:RegisteredOffice2022-01-012022-12-31105338362021-01-012021-12-3110533836core:PlantMachinery2022-12-311053383612022-01-012022-12-3110533836countries:EnglandWales2022-01-012022-12-3110533836bus:AuditExemptWithAccountantsReport2022-01-012022-12-3110533836bus:PrivateLimitedCompanyLtd2022-01-012022-12-3110533836bus:SmallEntities2022-01-012022-12-3110533836bus:FullAccounts2022-01-012022-12-31
Company registration number:
10533836
Chapman & Sons Developments Limited
Unaudited Filleted Financial Statements for the year ended
31 December 2022
SS8 Accounting Ltd
Unit 4 Fleet House, 1 Armstrong Road, Benfleet, Essex, SS7 4FH, United Kingdom
Chapman & Sons Developments Limited
Report to the board of directors on the preparation of the unaudited statutory financial statements of Chapman & Sons Developments Limited
Year ended
31 December 2022
In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the
financial statements
of
Chapman & Sons Developments Limited
for the year ended
31 December 2022
which comprise the income statement, statement of income and retained earnings, statement of financial position and related notes from the company’s accounting records and from information and explanations you have given me.
As a practising member of the Association of Chartered Certified Accountants, I am subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/​content/​dam/​ACCA_Global/​Members/​Doc/​rule/​2018-rulebook.pdf.
This report is made solely to the Board of Directors of
Chapman & Sons Developments Limited
, as a body. My work has been undertaken solely to prepare for your approval the
financial statements
of
Chapman & Sons Developments Limited
and state those matters that I have agreed to state to the Board of Directors of
Chapman & Sons Developments Limited
, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at https://www.accaglobal.com/​content/​dam/​ACCA_Global/​Technical/​fact/​technical-factsheet-163.pdf. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than
Chapman & Sons Developments Limited
and its Board of Directors, as a body, for my work or for this report.
It is your duty to ensure that
Chapman & Sons Developments 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
Chapman & Sons Developments Limited
. You consider that
Chapman & Sons Developments Limited
is exempt from the statutory audit requirement for the year.
I have not been instructed to carry out an audit or a review of the financial statements of Chapman & Sons Developments Limited. For this reason, I have not verified the accuracy or completeness of the accounting records or information and explanations you have given to me and I do not, therefore, express any opinion on the statutory financial statements.
SS8 Accounting Ltd
Unit 4 Fleet House
1 Armstrong Road
Benfleet
Essex
SS7 4FH
United Kingdom
Date:
29 September 2023
Chapman & Sons Developments Limited
Statement of Financial Position
31 December 2022
20222021
Note££
Current assets    
Stocks
25,323
 
8,952
 
Debtors 6
93,941
 
83,277
 
Cash at bank and in hand
(3,476
)
19,638
 
115,788
 
111,867
 
Creditors: amounts falling due within one year 7
(53,435
)
(39,983
)
Net current assets
62,353
 
71,884
 
Total assets less current liabilities 62,353   71,884  
Capital and reserves    
Called up share capital
100
 
100
 
Profit and loss account
62,253
 
71,784
 
Shareholders funds
62,353
 
71,884
 
For the year ending
31 December 2022
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
  • 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;
  • The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
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.
These
financial statements
were approved by the board of directors and authorised for issue on
29 September 2023
, and are signed on behalf of the board by:
L Chapman
Director
Company registration number:
10533836
Chapman & Sons Developments Limited
Notes to the Financial Statements
Year ended
31 December 2022

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
Unit 4 Fleet House
,
1 Armstrong Road
,
Benfleet
,
Essex
,
SS7 4FH
, England.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Current tax

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.
Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

4 Average number of employees

The average number of persons employed by the company during the year was
2
(2021:
2
).

5 Tangible assets

Plant and machinery etc.
£
Cost  
At
1 January 2022
and
31 December 2022
42,861
 
Depreciation  
At
1 January 2022
and
31 December 2022
42,861
 
Carrying amount  
At
31 December 2022
-  
At 31 December 2021 -  

6 Debtors

20222021
££
Other debtors
93,941
 
83,277
 

7 Creditors: amounts falling due within one year

20222021
££
Taxation and social security
30,266
 
44,783
 
Other creditors
23,169
 
(4,800
)
53,435
 
39,983