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Company Registration No. 08996265 (England and Wales)
Chamings Limited Unaudited accounts for the year ended 31 March 2023
Chamings Limited Unaudited accounts Contents
Page
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Chamings Limited Company Information for the year ended 31 March 2023
Director
Mrs A Lynch
Company Number
08996265 (England and Wales)
Registered Office
10 Priory Close Whitchurch Tavistock Devon PL19 9DH United Kingdom
Accountants
Vanguard Business Solutions Limited Acorns, 5, Lower Port View Saltash Cornwall PL12 4BY
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Chamings Limited Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
86,333 
72,455 
Current assets
Debtors
(4,128)
7,144 
Cash at bank and in hand
80,617 
57,702 
76,489 
64,846 
Creditors: amounts falling due within one year
(125,387)
(109,143)
Net current liabilities
(48,898)
(44,297)
Total assets less current liabilities
37,435 
28,158 
Creditors: amounts falling due after more than one year
(15,399)
(20,351)
Net assets
22,036 
7,807 
Capital and reserves
Called up share capital
30 
30 
Profit and loss account
22,006 
7,777 
Shareholders' funds
22,036 
7,807 
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 director acknowledges her 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 1 November 2023 and were signed on its behalf by
Mrs A Lynch Director Company Registration No. 08996265
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Chamings Limited Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
Chamings Limited is a private company, limited by shares, registered in England and Wales, registration number 08996265. The registered office is 10 Priory Close, Whitchurch, Tavistock, Devon, PL19 9DH, United Kingdom.
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% reducing balance basis
Motor vehicles
25% reducing balance basis
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 April 2022
23,000 
At 31 March 2023
23,000 
Amortisation
At 1 April 2022
23,000 
At 31 March 2023
23,000 
Net book value
At 31 March 2023
- 
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Chamings Limited Notes to the Accounts for the year ended 31 March 2023
5
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2022
26,489 
129,501 
155,990 
Additions
964 
40,995 
41,959 
Disposals
- 
(16,519)
(16,519)
At 31 March 2023
27,453 
153,977 
181,430 
Depreciation
At 1 April 2022
16,810 
66,725 
83,535 
Charge for the year
4,715 
23,366 
28,081 
On disposals
- 
(16,519)
(16,519)
At 31 March 2023
21,525 
73,572 
95,097 
Net book value
At 31 March 2023
5,928 
80,405 
86,333 
At 31 March 2022
9,679 
62,776 
72,455 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
(4,128)
7,144 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
7,745 
17,336 
Obligations under finance leases and hire purchase contracts
60,082 
49,176 
Trade creditors
49,950 
37,296 
Taxes and social security
310 
(1,219)
Other creditors
1,694 
- 
Loans from directors
5,606 
6,554 
125,387 
109,143 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
15,399 
20,351 
9
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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