Chewatts Ltd 06957192 false 2022-08-01 2023-07-31 2023-07-31 The principal activity of the company is IT Consultancy & Other letting and operating of own or leased real estate Digita Accounts Production Advanced 6.30.9574.0 true 06957192 2022-08-01 2023-07-31 06957192 2023-07-31 06957192 bus:OrdinaryShareClass1 bus:Non-cumulativeShares 2023-07-31 06957192 core:RetainedEarningsAccumulatedLosses 2023-07-31 06957192 core:RevaluationReserve 2023-07-31 06957192 core:ShareCapital 2023-07-31 06957192 core:CurrentFinancialInstruments core:WithinOneYear 2023-07-31 06957192 core:FurnitureFittingsToolsEquipment 2023-07-31 06957192 core:LandBuildings 2023-07-31 06957192 bus:SmallEntities 2022-08-01 2023-07-31 06957192 bus:AuditExemptWithAccountantsReport 2022-08-01 2023-07-31 06957192 bus:FullAccounts 2022-08-01 2023-07-31 06957192 bus:SmallCompaniesRegimeForAccounts 2022-08-01 2023-07-31 06957192 bus:RegisteredOffice 2022-08-01 2023-07-31 06957192 bus:Director1 2022-08-01 2023-07-31 06957192 bus:OrdinaryShareClass1 bus:Non-cumulativeShares 2022-08-01 2023-07-31 06957192 bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 06957192 core:RevaluationReserve core:LandBuildings 2022-08-01 2023-07-31 06957192 core:FurnitureFittings 2022-08-01 2023-07-31 06957192 core:FurnitureFittingsToolsEquipment 2022-08-01 2023-07-31 06957192 core:LandBuildings 2022-08-01 2023-07-31 06957192 core:OfficeEquipment 2022-08-01 2023-07-31 06957192 countries:England 2022-08-01 2023-07-31 06957192 2022-07-31 06957192 core:FurnitureFittingsToolsEquipment 2022-07-31 06957192 core:LandBuildings 2022-07-31 06957192 2021-08-01 2022-07-31 06957192 2022-07-31 06957192 bus:OrdinaryShareClass1 bus:Non-cumulativeShares 2022-07-31 06957192 core:RetainedEarningsAccumulatedLosses 2022-07-31 06957192 core:RevaluationReserve 2022-07-31 06957192 core:ShareCapital 2022-07-31 06957192 core:CurrentFinancialInstruments core:WithinOneYear 2022-07-31 06957192 core:FurnitureFittingsToolsEquipment 2022-07-31 06957192 core:LandBuildings 2022-07-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 06957192

Chewatts Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 31 July 2023

 

Chewatts Ltd

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 6

 

Chewatts Ltd

Company Information

Director

Mr Steven Watts

Registered office

Brookfield Court Selby Road
Garforth
Leeds
LS25 1NB

Accountants

Clever Accounts Ltd
Brookfield Court
Selby Road
Garforth, Leeds
LS25 1NB

 

Chewatts Ltd

(Registration number: 06957192)
Balance Sheet as at 31 July 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

570,730

590,947

Current assets

 

Cash at bank and in hand

 

43,193

33,041

Creditors: Amounts falling due within one year

(3,858)

(3,124)

Net current assets

 

39,335

29,917

Total assets less current liabilities

 

610,065

620,864

Provisions for liabilities

(11,948)

(15,748)

Net assets

 

598,117

605,116

Capital and reserves

 

Called up share capital

5

1

1

Revaluation reserve

50,936

67,136

Retained earnings

547,180

537,979

Shareholders' funds

 

598,117

605,116

For the financial year ending 31 July 2023 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 accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Approved and authorised by the director on 21 September 2023
 

.........................................

Mr Steven Watts
Director

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

 

Chewatts Ltd

(Registration number: 06957192)
Balance Sheet as at 31 July 2023

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.

 

Chewatts Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2023

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Brookfield Court Selby Road
Garforth
Leeds
LS25 1NB
United Kingdom

These financial statements were authorised for issue by the director on 21 September 2023.

2

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 have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

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.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Chewatts Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2023

Tangible assets

Tangible assets are stated in the balance sheet 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

15% Reducing Balance

Office Equipment

25% Reducing Balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2022 - 1).

 

Chewatts Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2023

4

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 August 2022

507,116

8,275

515,391

Revaluations

62,884

-

62,884

At 31 July 2023

570,000

8,275

578,275

Depreciation

At 1 August 2022

-

7,328

7,328

Charge for the year

-

217

217

At 31 July 2023

-

7,545

7,545

Carrying amount

At 31 July 2023

570,000

730

570,730

At 31 July 2022

590,000

947

590,947

Included within the net book value of land and buildings above is £400,000 (2022 - £400,000) in respect of freehold land and buildings and £170,000 (2022 - £190,000) in respect of long leasehold land and buildings.
 

5

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary Shares of £1 each

1

1

1

1

         

6

Reserves

The changes to each component of equity resulting from items of other comprehensive income for the current year were as follows:

Revaluation reserve
£

Total
£

Surplus/deficit on property, plant and equipment revaluation

50,936

50,936