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REGISTERED NUMBER: 01166152 (England and Wales)















CHURCHILL CONTROLS LIMITED

REPORT OF THE DIRECTORS AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2023






CHURCHILL CONTROLS LIMITED (REGISTERED NUMBER: 01166152)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023










Page

Company information 1

Report of the directors 2

Accountants' report 3

Income statement 4

Abridged statement of financial position 5 to 6

Statement of changes in equity 7

Notes to the financial statements 8 to 10


CHURCHILL CONTROLS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2023







Directors: D N Pearce
A B Pearce



Secretary: A B Pearce



Registered office: c/o N.E.M. Co Limited
Wedgewood Way
Stevenage
Hertfordshire
SG1 4SX



Registered number: 01166152 (England and Wales)



Accountants: Menzies LLP
Richmond House
Walkern Road
Stevenage
Hertfordshire
SG1 3QP



Bankers: Barclays Bank Plc
Station Place
Letchworth
Hertfordshire
SG6 3RZ

CHURCHILL CONTROLS LIMITED (REGISTERED NUMBER: 01166152)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 31ST MARCH 2023


The directors present their report with the financial statements of the company for the year ended 31st March 2023.

Directors
The directors shown below have held office during the whole of the period from 1st April 2022 to the date of this report.

D N Pearce
A B Pearce

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

On behalf of the board:





D N Pearce - Director


5th October 2023

ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
CHURCHILL CONTROLS LIMITED



In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Churchill Controls Limited for the year ended 31st March 2023 which comprise the Income statement, Abridged Statement of financial position, Statement of changes in equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Churchill Controls Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Churchill Controls Limited and state those matters that we have agreed to state to the Board of Directors of Churchill Controls Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Churchill Controls Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Churchill Controls 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 Churchill Controls Limited. You consider that Churchill Controls Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Churchill Controls Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Menzies LLP
Richmond House
Walkern Road
Stevenage
Hertfordshire
SG1 3QP


5th October 2023

CHURCHILL CONTROLS LIMITED (REGISTERED NUMBER: 01166152)

INCOME STATEMENT
FOR THE YEAR ENDED 31ST MARCH 2023

2023 2022
Notes £    £   

REVENUE 592,408 537,097

Cost of sales (411,232 ) (407,467 )
GROSS PROFIT 181,176 129,630

Administrative expenses (155,615 ) (180,160 )
OPERATING PROFIT/(LOSS) and
PROFIT/(LOSS) BEFORE TAXATION 25,561 (50,530 )

Tax on profit/(loss) 5 18,942 -
PROFIT/(LOSS) FOR THE FINANCIAL YEAR 44,503 (50,530 )

CHURCHILL CONTROLS LIMITED (REGISTERED NUMBER: 01166152)

ABRIDGED STATEMENT OF FINANCIAL POSITION
31ST MARCH 2023

2023 2022
Notes £    £   
FIXED ASSETS
Property, plant and equipment 6 2,903 3,090

CURRENT ASSETS
Inventories 139,055 161,583
Debtors 1,280,205 1,194,479
Cash at bank and in hand 2,956 3,026
1,422,216 1,359,088
CREDITORS
Amounts falling due within one year (90,214 ) (71,776 )
NET CURRENT ASSETS 1,332,002 1,287,312
TOTAL ASSETS LESS CURRENT LIABILITIES 1,334,905 1,290,402

CAPITAL AND RESERVES
Called up share capital 7 900 900
Other reserves 50,000 50,000
Retained earnings 1,284,005 1,239,502
SHAREHOLDERS' FUNDS 1,334,905 1,290,402

CHURCHILL CONTROLS LIMITED (REGISTERED NUMBER: 01166152)

ABRIDGED STATEMENT OF FINANCIAL POSITION - continued
31ST MARCH 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Statement of financial position for the year ended 31st March 2023 in accordance with Section 444(2A) of the Companies Act 2006.

The financial statements were approved by the Board of Directors and authorised for issue on 5th October 2023 and were signed on its behalf by:





D N Pearce - Director


CHURCHILL CONTROLS LIMITED (REGISTERED NUMBER: 01166152)

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31ST MARCH 2023

Called up
share Retained Other Total
capital earnings reserves equity
£    £    £    £   

Balance at 1st April 2021 900 1,290,032 50,000 1,340,932

Changes in equity
Total comprehensive income - (50,530 ) - (50,530 )
Balance at 31st March 2022 900 1,239,502 50,000 1,290,402

Changes in equity
Total comprehensive income - 44,503 - 44,503
Balance at 31st March 2023 900 1,284,005 50,000 1,334,905

CHURCHILL CONTROLS LIMITED (REGISTERED NUMBER: 01166152)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023


1. STATUTORY INFORMATION

Churchill Controls Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements are prepared on a going concern basis and under the historical cost convention.

Significant judgements and estimates
No significant judgements or estimates have had to be made by the directors in preparing these financial statements.

Revenue
Revenue represents net invoiced sales of goods, excluding value added tax, trade discounts and all other taxes of sales made during the year.

Revenue Recognition
Revenue is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.

Property, plant and equipment
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost and 25% on cost

Stock and work in progress
Stock and work in progress are valued at the lower of cost and net realisable value after making due allowances for obsolete and slow moving stocks. Cost includes all direct costs and where appropriate, a proportion of overheads.

Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.


CHURCHILL CONTROLS LIMITED (REGISTERED NUMBER: 01166152)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2023


3. ACCOUNTING POLICIES - continued
Tax
Tax for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred tax assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all material timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to the income statement in the period to which they relate.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 7 ) .

5. TAXATION

Analysis of the tax credit
The tax credit on the profit for the year was as follows:
2023 2022
£    £   
Current tax:
UK corporation tax 4,783 -
Prior year adjustment (23,725 ) -

Tax on profit/(loss) (18,942 ) -

CHURCHILL CONTROLS LIMITED (REGISTERED NUMBER: 01166152)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2023


6. PROPERTY, PLANT AND EQUIPMENT
Totals
£   
Cost
At 1st April 2022 93,158
Additions 1,229
At 31st March 2023 94,387
Depreciation
At 1st April 2022 90,068
Charge for year 1,416
At 31st March 2023 91,484
Net book value
At 31st March 2023 2,903
At 31st March 2022 3,090

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
900 Ordinary £1 900 900