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Registered number: 03536662

Chase Mouldings Limited

ACCOUNTS
FOR THE YEAR ENDED 31/03/2023

Prepared By:
Norman R Evans & Co Ltd
Chartered Accountants
3 Wallace Court
Cheslyn Hay
Walsall
West Midlands
WS6 7PG

Chase Mouldings Limited

ACCOUNTS
FOR THE YEAR ENDED 31/03/2023
DIRECTORS
C J Armstrong
D W Cockayne
W C Fortune
SECRETARY
Mrs T M Cockayne
REGISTERED OFFICE
Units 1 & 2 Willow Park
Burdock Close
Cannock
Staffordshire
WS11 7GB
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 03536662
ACCOUNTANTS
Norman R Evans & Co Ltd
Chartered Accountants
3 Wallace Court
Cheslyn Hay
Walsall
West Midlands
WS6 7PG

Chase Mouldings Limited

ACCOUNTS
FOR THEYEARENDED31/03/2023
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

Chase Mouldings Limited

BALANCE SHEET AT 31/03/2023
20232022
Notes££
FIXED ASSETS
Tangible assets23,7444,772
CURRENT ASSETS
Stock10,50010,000
Debtors4258,716248,670
Cash at bank and in hand285,222255,284
554,438513,954
CREDITORS: Amounts falling due within one year5137,088127,423
NET CURRENT ASSETS417,350386,531
TOTAL ASSETS LESS CURRENT LIABILITIES421,094391,303
PROVISIONS FOR LIABILITIES AND CHARGES7334464
NET ASSETS420,760390,839
CAPITAL AND RESERVES
Called up share capital8300300
Profit and loss account420,460390,539
SHAREHOLDERS' FUNDS420,760390,839
For the year ending 31/03/2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 30/09/2023 and signed on their behalf by
.............................
D W Cockayne
Director
.............................
C J Armstrong
Director

Chase Mouldings Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/03/2023
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Long Leasehold Propertiesreducing balance 15%
Plant and Machineryreducing balance 25%
Fixtures and Fittingsreducing balance 25%
Equipmentreducing balance 25%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1d. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
1e. Leases
Assets held under finance leases and hire purchase contracts are capitalised in the balance sheet at their fair value and depreciated over their expected useful lives. The interest element of leasing payments represents a constant proportion of the capital balance outstanding and is charged to the profit and loss account over the period of the lease. All other leases are regarded as operating leases and the payments made under them are charged to the profit and loss account on a straight line basis over the lease term.

Chase Mouldings Limited

2. TANGIBLE FIXED ASSETS
Long LeaseholdPlant andFixtures
PropertiesMachineryand FittingsEquipmentTotal
£££££
Cost
At 01/04/20226,06134,9698,01112,34461,385
At 31/03/20236,06134,9698,01112,34461,385
Depreciation
At 01/04/20224,40933,9917,74010,47356,613
For the year248244684681,028
At 31/03/20234,65734,2357,80810,94157,641
Net Book Amounts
At 31/03/20231,4047342031,4033,744
At 31/03/20221,6529782711,8714,772
3. STOCK 20232022
££
Stock comprises:
Stock10,50010,000
10,50010,000
4. DEBTORS 20232022
££
Amounts falling due within one year
Trade debtors246,866237,353
Prepayments11,85011,317
258,716248,670

Chase Mouldings Limited

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20232022
££
UK corporation tax26,0412,774
VAT21,87820,764
PAYE control7,0569,108
Directors current account33
Trade creditors72,46787,747
Pension schemes1,014901
Accruals8,6296,126
137,088127,423
6. EMPLOYEES
20232022
No.No.
Average number of employees2024
7. PROVISIONS FOR LIABILITIES 20232022
££
Deferred taxation334464
334464
8. SHARE CAPITAL 20232022
££
Allotted, issued and fully paid:
100 Ordinary shares of £1 each100100
200 A Ordinary shares of £1 each200200
300300

Chase Mouldings Limited

9. OTHER FINANCIAL COMMITMENTS
At 31/03/2023 the company was committed to making the following payments under non-cancellable operating leases:
20232022
££
Within one year47,99651,516
Within two to five years108,998156,994