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Company registration number: 07423817
Chalke Valley Roofing Ltd
Unaudited filleted abridged financial statements
31 August 2023
Chalke Valley Roofing Ltd
Contents
Directors and other information
Abridged statement of financial position
Statement of changes in equity
Notes to the financial statements
Chalke Valley Roofing Ltd
Directors and other information
Directors Mr S G Jackson
Mrs S K Jackson
Company number 07423817
Registered office The Old Chapel
Bishopstone
Salisbury
SP5 4BT
Chalke Valley Roofing Ltd
Abridged statement of financial position
31 August 2023
2023 2022
Note £ £ £ £
Fixed assets
Tangible assets 5 87,905 54,758
_______ _______
87,905 54,758
Current assets
Stocks 44,345 36,238
Debtors 291,725 154,604
Cash at bank and in hand 486,356 714,131
_______ _______
822,426 904,973
Creditors: amounts falling due
within one year ( 123,495) ( 150,067)
_______ _______
Net current assets 698,931 754,906
_______ _______
Total assets less current liabilities 786,836 809,664
Provisions for liabilities ( 21,976) ( 4,133)
_______ _______
Net assets 764,860 805,531
_______ _______
Capital and reserves
Called up share capital 100 100
Profit and loss account 764,760 805,431
_______ _______
Shareholders funds 764,860 805,531
_______ _______
For the year ending 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
All of the members have consented to the preparation of the abridged statement of financial position for the current year ending 31 August 2023 in accordance with Section 444(2A) of the Companies Act 2006.
These financial statements were approved by the board of directors and authorised for issue on 01 November 2023 , and are signed on behalf of the board by:
Mr S G Jackson
Director
Company registration number: 07423817
Chalke Valley Roofing Ltd
Statement of changes in equity
Year ended 31 August 2023
Called up share capital Profit and loss account Total
£ £ £
At 1 September 2021 100 677,804 677,904
Profit for the year 159,627 159,627
_______ _______ _______
Total comprehensive income for the year - 159,627 159,627
Dividends paid and payable ( 32,000) ( 32,000)
_______ _______ _______
Total investments by and distributions to owners - ( 32,000) ( 32,000)
_______ _______ _______
At 31 August 2022 and 1 September 2022 100 805,431 805,531
Profit for the year 16,079 16,079
_______ _______ _______
Total comprehensive income for the year - 16,079 16,079
Dividends paid and payable ( 56,750) ( 56,750)
_______ _______ _______
Total investments by and distributions to owners - ( 56,750) ( 56,750)
_______ _______ _______
At 31 August 2023 100 764,760 764,860
_______ _______ _______
Chalke Valley Roofing Ltd
Notes to the financial statements
Year ended 31 August 2023
1. General information
The company is a private company limited by shares, registered in England & Wales. The address of the registered office is The Old Chapel, Bishopstone, Salisbury, SP5 4BT.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery - 20 % straight line
Motor vehicles - 25 % straight line
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 3 (2022: 4 ).
5. Tangible assets
£
Cost
At 1 September 2022 235,956
Additions 69,248
_______
At 31 August 2023 305,204
_______
Depreciation
At 1 September 2022 181,198
Charge for the year 36,101
_______
At 31 August 2023 217,299
_______
Carrying amount
At 31 August 2023 87,905
_______
At 31 August 2022 54,758
_______
6. Directors advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2023
Balance brought forward Advances /(credits) to the directors Balance o/standing
£ £ £
Mr S G Jackson 8,219 ( 7,122) 1,097
_______ _______ _______
2022
Balance brought forward Advances /(credits) to the directors Balance o/standing
£ £ £
Mr S G Jackson 23,847 ( 15,628) 8,219
_______ _______ _______
7. Controlling party
The company is controlled by its directors.