IRIS Accounts Production v23.3.0.418 03942913 Board of Directors 1.4.22 31.3.23 31.3.23 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure039429132022-03-31039429132023-03-31039429132022-04-012023-03-31039429132021-03-31039429132021-04-012022-03-31039429132022-03-3103942913ns16:EnglandWales2022-04-012023-03-3103942913ns15:PoundSterling2022-04-012023-03-3103942913ns11:Director12022-04-012023-03-3103942913ns11:PrivateLimitedCompanyLtd2022-04-012023-03-3103942913ns11:SmallEntities2022-04-012023-03-3103942913ns11:AuditExemptWithAccountantsReport2022-04-012023-03-3103942913ns11:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-3103942913ns11:SmallCompaniesRegimeForAccounts2022-04-012023-03-3103942913ns11:FullAccounts2022-04-012023-03-3103942913ns11:OrdinaryShareClass12022-04-012023-03-3103942913ns11:Director22022-04-012023-03-3103942913ns11:Director32022-04-012023-03-3103942913ns11:Director42022-04-012023-03-3103942913ns11:RegisteredOffice2022-04-012023-03-3103942913ns6:CurrentFinancialInstruments2023-03-3103942913ns6:CurrentFinancialInstruments2022-03-3103942913ns6:Non-currentFinancialInstruments2023-03-3103942913ns6:Non-currentFinancialInstruments2022-03-3103942913ns6:ShareCapital2023-03-3103942913ns6:ShareCapital2022-03-3103942913ns6:FurtherSpecificReserve3ComponentTotalEquity2023-03-3103942913ns6:FurtherSpecificReserve3ComponentTotalEquity2022-03-3103942913ns6:RetainedEarningsAccumulatedLosses2023-03-3103942913ns6:RetainedEarningsAccumulatedLosses2022-03-3103942913ns6:LeaseholdImprovements2022-04-012023-03-3103942913ns6:PlantMachinery2022-04-012023-03-3103942913ns6:FurnitureFittings2022-04-012023-03-3103942913ns6:MotorVehicles2022-04-012023-03-3103942913ns6:ComputerEquipment2022-04-012023-03-3103942913ns6:LeaseholdImprovements2022-03-3103942913ns6:PlantMachinery2022-03-3103942913ns6:FurnitureFittings2022-03-3103942913ns6:LeaseholdImprovements2023-03-3103942913ns6:PlantMachinery2023-03-3103942913ns6:FurnitureFittings2023-03-3103942913ns6:LeaseholdImprovements2022-03-3103942913ns6:PlantMachinery2022-03-3103942913ns6:FurnitureFittings2022-03-3103942913ns6:MotorVehicles2022-03-3103942913ns6:ComputerEquipment2022-03-3103942913ns6:MotorVehicles2023-03-3103942913ns6:ComputerEquipment2023-03-3103942913ns6:MotorVehicles2022-03-3103942913ns6:ComputerEquipment2022-03-3103942913ns6:WithinOneYearns6:CurrentFinancialInstruments2023-03-3103942913ns6:WithinOneYearns6:CurrentFinancialInstruments2022-03-3103942913ns11:OrdinaryShareClass12023-03-3103942913ns11:Director112022-03-3103942913ns11:Director112021-03-3103942913ns11:Director112022-04-012023-03-3103942913ns11:Director112021-04-012022-03-3103942913ns11:Director112023-03-3103942913ns11:Director112022-03-31
REGISTERED NUMBER: 03942913 (England and Wales)















Unaudited Financial Statements

for the Year Ended

31 March 2023

for

P F Chantrell Limited

P F Chantrell Limited (Registered number: 03942913)

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










Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


P F Chantrell Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: A Chantrell
J E Chantrell
J P Chantrell
B A Chantrell





REGISTERED OFFICE: Glebe Farm
Pasture Lane North
Gaddesby
Leicestershire
LE7 4XJ





REGISTERED NUMBER: 03942913 (England and Wales)





ACCOUNTANTS: The Rowleys Partnership Ltd
Chartered Accountants
Charnwood House
Harcourt Way
Meridian Business Park
Leicester
Leicestershire
LE19 1WP

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
P F Chantrell 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 P F Chantrell Limited for the year ended 31 March 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 P F Chantrell 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 P F Chantrell Limited and state those matters that we have agreed to state to the Board of Directors of P F Chantrell 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 P F Chantrell Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that P F Chantrell 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 P F Chantrell Limited. You consider that P F Chantrell 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 P F Chantrell 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.






The Rowleys Partnership Ltd
Chartered Accountants
Charnwood House
Harcourt Way
Meridian Business Park
Leicester
Leicestershire
LE19 1WP


12 July 2023

P F Chantrell Limited (Registered number: 03942913)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 685,884 715,088
Investments 5 390,716 494,784
1,076,600 1,209,872

CURRENT ASSETS
Stocks 8,215 8,615
Debtors 6 174,771 168,693
Cash at bank and in hand 486,289 261,217
669,275 438,525
CREDITORS
Amounts falling due within one year 7 122,959 66,214
NET CURRENT ASSETS 546,316 372,311
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,622,916

1,582,183

CREDITORS
Amounts falling due after more than
one year

8

(43,528

)

(37,105

)

PROVISIONS FOR LIABILITIES (179,807 ) (146,727 )
NET ASSETS 1,399,581 1,398,351

CAPITAL AND RESERVES
Called up share capital 10 1,000 1,000
Fair value reserve 11 85,562 97,371
Retained earnings 1,313,019 1,299,980
SHAREHOLDERS' FUNDS 1,399,581 1,398,351

P F Chantrell Limited (Registered number: 03942913)

Balance Sheet - continued
31 March 2023


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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 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 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 12 July 2023 and were signed on its behalf by:





A Chantrell - Director


P F Chantrell Limited (Registered number: 03942913)

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


1. STATUTORY INFORMATION

P F Chantrell 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents the value of services provided under plant hire contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due. Where a contract has only been partially completed at the balance sheet date turnover represents the value of the service provided to date based on a proportion of the total expected consideration at completion. Where payments are received from customers in advance of services provided, the amounts are recorded as Deferred Income and included as part of Creditors due within one year.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 10% straight line basis and 0% depreciation
Plant and machinery - 100% on cost and 25% reducing balance
Fixtures and fittings - 10% straight line basis
Motor vehicles - 25% reducing balance
Computer equipment - 33% straight line basis

Stocks
Stocks are valued at lower of cost and estimated selling price less costs to complete and sell, after making due allowances 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.


P F Chantrell Limited (Registered number: 03942913)

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


2. ACCOUNTING POLICIES - continued
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.

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 profit or loss in the period to which they relate.

Investments
Investments are included at fair value.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 April 2022 215,338 1,453,595 40,000
Additions 268 213,365 -
Disposals - (1,650 ) -
At 31 March 2023 215,606 1,665,310 40,000
DEPRECIATION
At 1 April 2022 149,371 838,313 28,000
Charge for year 21,535 207,035 4,000
Eliminated on disposal - (1,127 ) -
At 31 March 2023 170,906 1,044,221 32,000
NET BOOK VALUE
At 31 March 2023 44,700 621,089 8,000
At 31 March 2022 65,967 615,282 12,000

P F Chantrell Limited (Registered number: 03942913)

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


4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2022 75,200 4,102 1,788,235
Additions - - 213,633
Disposals (23,700 ) - (25,350 )
At 31 March 2023 51,500 4,102 1,976,518
DEPRECIATION
At 1 April 2022 53,639 3,824 1,073,147
Charge for year 3,984 136 236,690
Eliminated on disposal (18,076 ) - (19,203 )
At 31 March 2023 39,547 3,960 1,290,634
NET BOOK VALUE
At 31 March 2023 11,953 142 685,884
At 31 March 2022 21,561 278 715,088

5. FIXED ASSET INVESTMENTS


Other
Investments
£
COST OR VALUATION
At 1 April 2022 494,784
Disposals (3,323 )
Reclassification/transfer (85,000 )
Revaluations (15,745 )
At 31 March 2023 390,716
NET BOOK VALUE
At 31 March 2023 390,716
At 31 March 2022 494,784



The cost of the listed investments at the year end was £285,319 (2022: £288,642)

P F Chantrell Limited (Registered number: 03942913)

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


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 86,474 53,135
Directors' loan accounts 1,529 1,719
Tax 74,651 74,651
VAT - 29,761
Prepayments and accrued income 12,117 9,427
174,771 168,693

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Hire purchase contracts 63,303 20,919
Trade creditors 28,656 35,882
Corporation tax 11,039 -
VAT 13,191 -
Other creditors 2,310 5,358
Accruals and deferred income 4,460 4,055
122,959 66,214

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.23 31.3.22
£    £   
Hire purchase contracts 43,528 37,105

9. SECURED DEBTS

The following secured debts are included within creditors:

31.3.23 31.3.22
£    £   
Hire purchase contracts 106,831 58,024

The hire purchase creditor is secured on the assets to which it relates.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
1,000 Ordinary £1 1,000 1,000

P F Chantrell Limited (Registered number: 03942913)

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


11. RESERVES

Fair
Value
reserve
£
At 1 April 202397,371
Investment revaluation(11,809)
At 31 March 202385,562


12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2023 and 31 March 2022:

31.3.23 31.3.22
£    £   
A Chantrell
Balance outstanding at start of year 1,719 1,707
Amounts advanced 3,000 2,475
Amounts repaid (3,190 ) (2,463 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 1,529 1,719

The above loan is interest free and repayable on demand.