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Company Registration No. 11207775 (England and Wales)
S.CHAPLIN JOINERY & MAINTENANCE LTD Unaudited accounts for the year ended 28 February 2023
S.CHAPLIN JOINERY & MAINTENANCE LTD Unaudited accounts Contents
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S.CHAPLIN JOINERY & MAINTENANCE LTD Company Information for the year ended 28 February 2023
Director
Mr S Chaplin
Company Number
11207775 (England and Wales)
Registered Office
3 FARTHING DRIVE KINGSWOOD HULL HU7 3LD ENGLAND
Accountants
Kendall Accountancy Services Limited 2 Exeter Street New Village Road Cottingham East Yorkshire HU16 4LU
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S.CHAPLIN JOINERY & MAINTENANCE LTD Statement of financial position as at 28 February 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
26,798 
16,190 
Current assets
Inventories
7,000 
7,000 
Debtors
14,037 
10,388 
Cash at bank and in hand
2,016 
(7,890)
23,053 
9,498 
Creditors: amounts falling due within one year
(18,446)
(9,722)
Net current assets/(liabilities)
4,607 
(224)
Total assets less current liabilities
31,405 
15,966 
Creditors: amounts falling due after more than one year
(28,792)
(19,451)
Provisions for liabilities
Deferred tax
(2,221)
(2,221)
Net assets/(liabilities)
392 
(5,706)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
292 
(5,806)
Shareholders' funds
392 
(5,706)
For the year ending 28 February 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 director acknowledges his 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 and authorised for issue on 9 November 2023 and were signed on its behalf by
Mr S Chaplin Director Company Registration No. 11207775
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S.CHAPLIN JOINERY & MAINTENANCE LTD Notes to the Accounts for the year ended 28 February 2023
1
Statutory information
S.CHAPLIN JOINERY & MAINTENANCE LTD is a private company, limited by shares, registered in England and Wales, registration number 11207775. The registered office is 3 FARTHING DRIVE, KINGSWOOD, HULL, HU7 3LD, ENGLAND.
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.
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% cost
Motor vehicles
20% wdv
Computer equipment
25% cost
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.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
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S.CHAPLIN JOINERY & MAINTENANCE LTD Notes to the Accounts for the year ended 28 February 2023
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.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Going concern
These accounts have been prepared on the going concern basis, on the understanding that the directors and shareholders will continue to financially support the company during this uncertain period.
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 March 2022
7,000 
18,604 
788 
26,392 
Additions
128 
16,950 
1,500 
18,578 
Disposals
(416)
(3,101)
- 
(3,517)
At 28 February 2023
6,712 
32,453 
2,288 
41,453 
Depreciation
At 1 March 2022
1,200 
8,263 
739 
10,202 
Charge for the year
1,451 
2,578 
424 
4,453 
At 28 February 2023
2,651 
10,841 
1,163 
14,655 
Net book value
At 28 February 2023
4,061 
21,612 
1,125 
26,798 
At 28 February 2022
5,800 
10,341 
49 
16,190 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
1,581 
3,633 
Accrued income and prepayments
2,809 
632 
Other debtors
9,647 
6,123 
14,037 
10,388 
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S.CHAPLIN JOINERY & MAINTENANCE LTD Notes to the Accounts for the year ended 28 February 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
8,663 
1,700 
VAT
1,839 
- 
Obligations under finance leases and hire purchase contracts
2,681 
3,396 
Taxes and social security
- 
2,665 
Other creditors
5,263 
1,961 
18,446 
9,722 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
13,175 
14,592 
Obligations under finance leases and hire purchase contracts
15,617 
4,859 
28,792 
19,451 
8
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
9
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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