Registered number
01270388
Chas Braham & Sons (Chapeltown) Ltd
Filleted Accounts
31 March 2023
Chas Braham & Sons (Chapeltown) Ltd
Registered number: 01270388
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 111,830 32,001
Current assets
Stocks 7,295 6,295
Debtors 4 55,547 56,224
Cash at bank and in hand 80,897 140,062
143,739 202,581
Creditors: amounts falling due within one year 5 (114,468) (100,905)
Net current assets 29,271 101,676
Total assets less current liabilities 141,101 133,677
Creditors: amounts falling due after more than one year 6 (25,492) -
Provisions for liabilities (21,478) (6,080)
Net assets 94,131 127,597
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account 93,131 126,597
Shareholders' funds 94,131 127,597
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.
PM Braham
Director
Approved by the board on 26 September 2023
Chas Braham & Sons (Chapeltown) Ltd
Notes to the Accounts
for the year ended 31 March 2023
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. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 3, 4 and 5 years
Fixtures, fittings, tools and equipment over 3, 4 and 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
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. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 3 3
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 April 2022 12,460 84,282 428,085 524,827
Additions - - 115,760 115,760
Disposals - - (54,650) (54,650)
At 31 March 2023 12,460 84,282 489,195 585,937
Depreciation
At 1 April 2022 12,460 58,895 421,471 492,826
Charge for the year - 8,679 27,252 35,931
On disposals - - (54,650) (54,650)
At 31 March 2023 12,460 67,574 394,073 474,107
Net book value
At 31 March 2023 - 16,708 95,122 111,830
At 31 March 2022 - 25,387 6,614 32,001
4 Debtors 2023 2022
£ £
Trade debtors 46,298 51,464
Other debtors 9,249 4,760
55,547 56,224
5 Creditors: amounts falling due within one year 2023 2022
£ £
Obligations under finance lease and hire purchase contracts 21,850 -
Trade creditors 22,822 21,545
Taxation and social security costs 14,265 22,348
Other creditors 55,531 57,012
114,468 100,905
6 Creditors: amounts falling due after one year 2023 2022
£ £
Obligations under finance lease and hire purchase contracts 25,492 -
7 Controlling party
The company is controlled by P Braham and J Shaw due to their controlling shareholding.
8 Other information
Chas Braham & Sons (Chapeltown) Ltd is a private company limited by shares and incorporated in England. Its registered office is:
139 Cloughfields Road
Hoyland
Barnsley
S74 0ER
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