Company Registration No. 02215210 (England and Wales)
Chalk Property Solutions Ltd
Unaudited accounts
for the year ended 28 February 2023
Chalk Property Solutions Ltd
Unaudited accounts
Contents
Chalk Property Solutions Ltd
Company Information
for the year ended 28 February 2023
Company Number
02215210 (England and Wales)
Registered Office
'Oakwood' 4 Windmill Park
Windmill Hill
Wrotham Heath Sevenoaks
Kent
TN15 7SY
Accountants
King & Taylor
123 Cross Lane East
Gravesend
Kent
DA12 5HA
Chalk Property Solutions Ltd
Statement of financial position
as at 28 February 2023
Cash at bank and in hand
927,904
925,300
Creditors: amounts falling due within one year
(31,076)
(125,756)
Net current assets
1,009,222
1,008,879
Net assets
1,009,881
1,014,280
Called up share capital
100
100
Profit and loss account
1,009,781
1,014,180
Shareholders' funds
1,009,881
1,014,280
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 14 November 2023 and were signed on its behalf by
MRE Lupton
Director
Company Registration No. 02215210
Chalk Property Solutions Ltd
Notes to the Accounts
for the year ended 28 February 2023
Chalk Property Solutions Ltd is a private company, limited by shares, registered in England and Wales, registration number 02215210. The registered office is 'Oakwood' 4 Windmill Park, Windmill Hill, Wrotham Heath Sevenoaks, Kent, TN15 7SY.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
15% reducing balance basis
Fixtures & fittings
15% reducing balance basis
Computer equipment
5 year straight line basis
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.
Chalk Property Solutions Ltd
Notes to the Accounts
for the year ended 28 February 2023
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 March 2022
30,063
16,245
978
47,286
Disposals
(30,063)
(16,245)
-
(46,308)
At 28 February 2023
-
-
978
978
At 1 March 2022
27,559
14,202
124
41,885
Charge for the year
376
306
195
877
On disposals
(27,935)
(14,508)
-
(42,443)
At 28 February 2023
-
-
319
319
At 28 February 2023
-
-
659
659
At 28 February 2022
2,504
2,043
854
5,401
Amounts falling due within one year
Accrued income and prepayments
-
6,860
Other debtors
111,667
111,667
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
2,512
30,098
Loans from directors
28,564
93,915
7
Average number of employees
During the year the average number of employees was 1 (2022: 1).