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Company Registration No. 07208351 (England and Wales)
Chester & Newman Plumbing & Heating Services Limited Unaudited accounts for the year ended 31 March 2023
Chester & Newman Plumbing & Heating Services Limited Unaudited accounts Contents
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Chester & Newman Plumbing & Heating Services Limited Company Information for the year ended 31 March 2023
Directors
Dennis Newman Paul Chester
Company Number
07208351 (England and Wales)
Registered Office
7 QUEENSWAY BURTON LATIMER KETTERING NORTHAMPTONSHIRE NN15 5QH
Accountants
Kate Brown The Annexe, Rectory Farm Cranford Road Great Addington, Kettering Northants NN14 4BQ
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Chester & Newman Plumbing & Heating Services Limited Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
16,244 
20,540 
Current assets
Debtors
37,015 
27,823 
Cash at bank and in hand
65,212 
45,159 
102,227 
72,982 
Creditors: amounts falling due within one year
(105,287)
(87,218)
Net current liabilities
(3,060)
(14,236)
Net assets
13,184 
6,304 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
13,084 
6,204 
Shareholders' funds
13,184 
6,304 
For the year ending 31 March 2023 the company was entitled to exemption from audit 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 13 July 2023 and were signed on its behalf by
Dennis Newman Director Company Registration No. 07208351
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Chester & Newman Plumbing & Heating Services Limited Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
Chester & Newman Plumbing & Heating Services Limited is a private company, limited by shares, registered in England and Wales, registration number 07208351. The registered office is 7 QUEENSWAY, BURTON LATIMER, KETTERING, NORTHAMPTONSHIRE, NN15 5QH.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% straight line
Motor vehicles
25% straight line
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
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Chester & Newman Plumbing & Heating Services Limited Notes to the Accounts for the year ended 31 March 2023
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 April 2022
1,141 
58,459 
- 
59,600 
Additions
- 
- 
3,402 
3,402 
At 31 March 2023
1,141 
58,459 
3,402 
63,002 
Depreciation
At 1 April 2022
1,141 
37,919 
- 
39,060 
Charge for the year
- 
6,847 
851 
7,698 
At 31 March 2023
1,141 
44,766 
851 
46,758 
Net book value
At 31 March 2023
- 
13,693 
2,551 
16,244 
At 31 March 2022
- 
20,540 
- 
20,540 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
37,015 
27,823 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
38,295 
44,933 
Trade creditors
11,388 
6,868 
Taxes and social security
37,718 
15,064 
Other creditors
3,151 
- 
Loans from directors
14,255 
19,893 
Accruals
480 
460 
105,287 
87,218 
7
Average number of employees
During the year the average number of employees was 3 (2022: 2).
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