Registration number:
Chiltern Concrete & Stone Limited
for the
Year Ended 31 March 2023
Chiltern Concrete & Stone Limited
Contents
Balance Sheet |
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Notes to the Unaudited Financial Statements |
Chiltern Concrete & Stone Limited
Balance Sheet
as at 31 March 2023
Note |
2023 |
2022 |
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Fixed assets |
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Investments |
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Current assets |
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Stocks |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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Net current assets |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
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Net assets |
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Capital and reserves |
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Allotted, called up and fully paid share capital |
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Share premium reserve |
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Profit and loss account |
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Shareholders' funds |
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Registration number: 03947457
Chiltern Concrete & Stone Limited
Balance Sheet
as at 31 March 2023 (continued)
For the financial year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.
Approved and authorised by the
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Chiltern Concrete & Stone Limited
Notes to the Unaudited Financial Statements
for the
Year Ended 31 March 2023
General information |
The company is a private company limited by shares incorporated in England within the United Kingdom.
The company's registration number is 03947457.
The address of its registered office is:
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements were prepared in accordance with Financial Reporting Standard 102 Section 1A 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Tax
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.
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.
Chiltern Concrete & Stone Limited
Notes to the Unaudited Financial Statements
for the
Year Ended 31 March 2023
(continued)
2 |
Accounting policies (continued) |
Tangible assets
Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
Asset class |
Depreciation method and rate |
Fixtures, fittings and equipment |
25% per annum on a reducing balance basis |
Investments
Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.
Staff numbers |
The average number of persons employed by the company (including directors) during the year was
Chiltern Concrete & Stone Limited
Notes to the Unaudited Financial Statements
for the
Year Ended 31 March 2023
(continued)
Tangible assets |
Fixtures, fittings and equipment |
Total |
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Cost |
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At 1 April 2022 |
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At 31 March 2023 |
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Depreciation |
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At 1 April 2022 |
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At 31 March 2023 |
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Net book value |
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At 31 March 2023 |
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Investments |
2023 |
2022 |
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Investments in subsidiaries |
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Details of investments
Details of the investments in which the company holds 20% or more of the nominal value of any class of share capital are as follows:
Undertaking |
Holding |
Proportion of voting rights and shares held |
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2023 |
2022 |
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Subsidiary undertakings |
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Ordinary |
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Ordinary |
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Ordinary |
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Chiltern Concrete & Stone Limited
Notes to the Unaudited Financial Statements
for the
Year Ended 31 March 2023
(continued)
Debtors |
Current |
Note |
2023 |
2022 |
Amounts owed by related parties |
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Other debtors |
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Creditors |
2023 |
2022 |
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Due within one year |
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Bank loans and overdrafts |
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Trade creditors |
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Directors loan accounts |
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Other creditors |
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Accruals and deferred income |
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Corporation tax |
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Due after one year |
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Bank borrowings |
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The bank loan is secured against the assets of the company.