IRIS Accounts Production v23.3.0.418 10551937 Board of Directors Board of Directors 1.2.22 31.1.23 31.1.23 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh105519372022-01-31105519372023-01-31105519372022-02-012023-01-31105519372021-01-31105519372021-02-012022-01-31105519372022-01-3110551937ns10:Originalns15:EnglandWales2022-02-012023-01-3110551937ns14:PoundSterlingns10:Original2022-02-012023-01-3110551937ns10:Originalns10:Director12022-02-012023-01-3110551937ns10:Original2022-02-012023-01-3110551937ns10:Originalns10:Director22022-02-012023-01-3110551937ns10:Original2023-01-3110551937ns10:Originalns10:PrivateLimitedCompanyLtd2022-02-012023-01-3110551937ns10:Originalns10:SmallEntities2022-02-012023-01-3110551937ns10:Originalns10:AuditExemptWithAccountantsReport2022-02-012023-01-3110551937ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-02-012023-01-3110551937ns10:SmallCompaniesRegimeForAccountsns10:Original2022-02-012023-01-3110551937ns10:Originalns10:FullAccounts2022-02-012023-01-3110551937ns10:Originalns10:OrdinaryShareClass12022-02-012023-01-3110551937ns10:CompanySecretary1ns10:Original2022-02-012023-01-3110551937ns10:Originalns10:RegisteredOffice2022-02-012023-01-3110551937ns10:Original2022-01-3110551937ns10:Originalns5:CurrentFinancialInstruments2023-01-3110551937ns10:Originalns5:CurrentFinancialInstruments2022-01-3110551937ns5:ShareCapitalns10:Original2023-01-3110551937ns5:ShareCapitalns10:Original2022-01-3110551937ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-01-3110551937ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-01-3110551937ns10:Originalns5:PlantMachinery2022-02-012023-01-3110551937ns10:Originalns5:ComputerEquipment2022-02-012023-01-3110551937ns10:Original2021-02-012022-01-3110551937ns10:Originalns5:PlantMachinery2022-01-3110551937ns10:Originalns5:ComputerEquipment2022-01-3110551937ns10:Original2022-01-3110551937ns10:Originalns5:PlantMachinery2023-01-3110551937ns10:Originalns5:ComputerEquipment2023-01-3110551937ns10:Originalns5:PlantMachinery2022-01-3110551937ns10:Originalns5:ComputerEquipment2022-01-3110551937ns10:Originalns10:OrdinaryShareClass12023-01-3110551937ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-01-3110551937ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-02-012023-01-31
REGISTERED NUMBER: 10551937 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2023

for

Chaseley Limited

Chaseley Limited (Registered number: 10551937)






Contents of the Financial Statements
for the Year Ended 31 January 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

Chaseley Limited

Company Information
for the Year Ended 31 January 2023







DIRECTORS: P Cavender
Mrs H Cavender





SECRETARY:





REGISTERED OFFICE: 22 Briar Close
Rugeley
Staffordshire
WS15 2SS





REGISTERED NUMBER: 10551937 (England and Wales)





ACCOUNTANTS: Screatons Ltd
Former Atherstone College
Ratcliffe Road
Atherstone
Warwickshire
CV9 1LF

Chaseley Limited (Registered number: 10551937)

Balance Sheet
31 January 2023

31.1.23 31.1.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,406 1,315

CURRENT ASSETS
Stocks 19,624 29,017
Debtors 5 2,428 -
Cash at bank 5,222 28,389
27,274 57,406
CREDITORS
Amounts falling due within one year 6 4,672 19,693
NET CURRENT ASSETS 22,602 37,713
TOTAL ASSETS LESS CURRENT
LIABILITIES

24,008

39,028

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 8 23,908 38,928
SHAREHOLDERS' FUNDS 24,008 39,028

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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.

Chaseley Limited (Registered number: 10551937)

Balance Sheet - continued
31 January 2023


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 October 2023 and were signed on its behalf by:




P Cavender - Director



Mrs H Cavender - Director


Chaseley Limited (Registered number: 10551937)

Notes to the Financial Statements
for the Year Ended 31 January 2023

1. STATUTORY INFORMATION

Chaseley 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation 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 taxation 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

Chaseley Limited (Registered number: 10551937)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 February 2022 3,000 804 3,804
Additions - 559 559
At 31 January 2023 3,000 1,363 4,363
DEPRECIATION
At 1 February 2022 2,288 201 2,489
Charge for year 178 290 468
At 31 January 2023 2,466 491 2,957
NET BOOK VALUE
At 31 January 2023 534 872 1,406
At 31 January 2022 712 603 1,315

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Other debtors 2,428 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Tax 1,623 1,907
VAT 2,571 9,257
Directors' current accounts 19 8,083
Accrued expenses 459 446
4,672 19,693

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.23 31.1.22
value: £    £   
100 Ordinary £1 100 100

Chaseley Limited (Registered number: 10551937)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

8. RESERVES
Retained
earnings
£   

At 1 February 2022 38,928
Profit for the year 7,180
Dividends (22,200 )
At 31 January 2023 23,908

9. RELATED PARTY DISCLOSURES

During the year, total dividends of £22,200 were paid to the directors .

Mr P Cavender and Mrs H Cavender are husband and wife. They are both directors and 50% shareholders in the company.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Chaseley Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Chaseley Limited for the year ended 31 January 2023 which comprise the Income Statement, Balance Sheet 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 Chaseley 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 Chaseley Limited and state those matters that we have agreed to state to the Board of Directors of Chaseley 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 Chaseley Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Chaseley 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 Chaseley Limited. You consider that Chaseley 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 Chaseley 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.






Screatons Ltd
Former Atherstone College
Ratcliffe Road
Atherstone
Warwickshire
CV9 1LF


20 October 2023