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REGISTERED NUMBER: 03958815 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31 March 2023

for

Charlton Engineering Services Limited

Charlton Engineering Services Limited (Registered number: 03958815)






Contents of the Financial Statements
for the year ended 31 March 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Charlton Engineering Services Limited

Company Information
for the year ended 31 March 2023







DIRECTORS: C Charlton
L Charlton



SECRETARY: L Charlton



REGISTERED OFFICE: 9 Harvey Close
Crowther Industrial Estate
Washington
Tyne and Wear
NE38 0AB



REGISTERED NUMBER: 03958815 (England and Wales)



ACCOUNTANTS: TTR Barnes
Chartered Accountants
3-5 Grange Terrace
Stockton Road
Sunderland
Tyne & Wear
SR2 7DG



BANKERS: Lloyds TSB Bank plc
PO Box 45
Fawcett Street
Sunderland
Tyne and Wear
SR1 1SF

Charlton Engineering Services Limited (Registered number: 03958815)

Statement of Financial Position
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 147,849 150,786

CURRENT ASSETS
Stocks 30,848 31,735
Debtors 5 224,738 241,773
Cash at bank and in hand 128,784 89,683
384,370 363,191
CREDITORS
Amounts falling due within one year 6 366,367 331,811
NET CURRENT ASSETS 18,003 31,380
TOTAL ASSETS LESS CURRENT
LIABILITIES

165,852

182,166

CREDITORS
Amounts falling due after more than one
year

7

(76,749

)

(94,761

)

PROVISIONS FOR LIABILITIES (4,172 ) (3,648 )
NET ASSETS 84,931 83,757

CAPITAL AND RESERVES
Called up share capital 1,100 1,100
Retained earnings 83,831 82,657
SHAREHOLDERS' FUNDS 84,931 83,757

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.

Charlton Engineering Services Limited (Registered number: 03958815)

Statement of Financial Position - continued
31 March 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 October 2023 and were signed on its behalf by:





C Charlton - Director


Charlton Engineering Services Limited (Registered number: 03958815)

Notes to the Financial Statements
for the year ended 31 March 2023

1. STATUTORY INFORMATION

Charlton Engineering Services 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.

The financial statements have been prepared on the going concern basis, which assumes that the company will continue in operational existence for the foreseeable future, which the directors consider to be appropriate.

Turnover
Turnover represents sales of goods and services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Improvements to property - 20% on reducing balance
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

Stocks
Stock is valued at the lower of cost and net realisable value. Cost is determined on a first in first out basis. Net realisable value represents estimated selling price less costs to complete and sell. Provision is made for slow moving, obsolete or damaged stock where the net realisable value is less than cost.

Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are recognised at transaction value and subsequently measured at their settlement value.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.


Charlton Engineering Services Limited (Registered number: 03958815)

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 statement of financial position 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.

Government grants
Government grants are treated as deferred credits and credited to the profit and loss account over the estimated useful life of the relevant fixed assets.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2022 - 7 ) .

4. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST
At 1 April 2022 177,816 9,418 27,115
Additions - 3,100 548
Disposals - - (12,842 )
At 31 March 2023 177,816 12,518 14,821
DEPRECIATION
At 1 April 2022 46,230 8,925 18,098
Charge for year 3,556 459 1,359
Eliminated on disposal - - (12,387 )
At 31 March 2023 49,786 9,384 7,070
NET BOOK VALUE
At 31 March 2023 128,030 3,134 7,751
At 31 March 2022 131,586 493 9,017

Charlton Engineering Services Limited (Registered number: 03958815)

Notes to the Financial Statements - continued
for the year ended 31 March 2023

4. TANGIBLE FIXED ASSETS - continued

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2022 10,394 19,500 2,757 247,000
Additions 300 - 1,776 5,724
Disposals (8,073 ) - (2,168 ) (23,083 )
At 31 March 2023 2,621 19,500 2,365 229,641
DEPRECIATION
At 1 April 2022 9,824 10,593 2,544 96,214
Charge for year 115 2,227 216 7,932
Eliminated on disposal (7,863 ) - (2,104 ) (22,354 )
At 31 March 2023 2,076 12,820 656 81,792
NET BOOK VALUE
At 31 March 2023 545 6,680 1,709 147,849
At 31 March 2022 570 8,907 213 150,786

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 209,663 169,103
Amounts owed by group undertakings 2,000 60,948
Other debtors 13,075 11,722
224,738 241,773

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 14,685 13,357
Trade creditors 52,309 50,367
Amounts owed to group undertakings 190,641 150,013
Taxation and social security 41,863 34,329
Other creditors 66,869 83,745
366,367 331,811

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 76,749 94,761

Charlton Engineering Services Limited (Registered number: 03958815)

Notes to the Financial Statements - continued
for the year ended 31 March 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2023 2022
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans due in over 5 years 36,343 41,331

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 59,766 66,451

Bank borrowings are secured by a fixed and floating charge over the company's assets in favour of Santander plc (formerly Alliance & Leicester plc) dated 31 March 2009.

9. 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:

2023 2022
£    £   
C Charlton
Balance outstanding at start of year (11,983 ) (15,641 )
Amounts advanced 54,643 38,037
Amounts repaid (36,204 ) (34,379 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 6,456 (11,983 )

10. ULTIMATE CONTROLLING PARTY

The controlling party is C Charlton.