Chamberlain Construction Limited 02674874 false 2022-04-01 2023-03-31 2023-03-31 The principal activity of the company is Building trade Digita Accounts Production Advanced 6.30.9574.0 true true 02674874 2022-04-01 2023-03-31 02674874 2023-03-31 02674874 bus:OrdinaryShareClass1 bus:CumulativeShares 2023-03-31 02674874 core:CurrentFinancialInstruments 2023-03-31 02674874 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 02674874 core:Non-currentFinancialInstruments core:AfterOneYear 2023-03-31 02674874 core:FurnitureFittingsToolsEquipment 2023-03-31 02674874 core:MotorVehicles 2023-03-31 02674874 bus:SmallEntities 2022-04-01 2023-03-31 02674874 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 02674874 bus:FullAccounts 2022-04-01 2023-03-31 02674874 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 02674874 bus:RegisteredOffice 2022-04-01 2023-03-31 02674874 bus:CompanySecretaryDirector1 2022-04-01 2023-03-31 02674874 bus:Director2 2022-04-01 2023-03-31 02674874 bus:OrdinaryShareClass1 bus:CumulativeShares 2022-04-01 2023-03-31 02674874 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 02674874 core:FurnitureFittingsToolsEquipment 2022-04-01 2023-03-31 02674874 core:MotorVehicles 2022-04-01 2023-03-31 02674874 core:PlantMachinery 2022-04-01 2023-03-31 02674874 countries:EnglandWales 2022-04-01 2023-03-31 02674874 2022-03-31 02674874 core:FurnitureFittingsToolsEquipment 2022-03-31 02674874 core:MotorVehicles 2022-03-31 02674874 2021-04-01 2022-03-31 02674874 2022-03-31 02674874 bus:OrdinaryShareClass1 bus:CumulativeShares 2022-03-31 02674874 core:CurrentFinancialInstruments 2022-03-31 02674874 core:CurrentFinancialInstruments core:WithinOneYear 2022-03-31 02674874 core:Non-currentFinancialInstruments core:AfterOneYear 2022-03-31 02674874 core:FurnitureFittingsToolsEquipment 2022-03-31 02674874 core:MotorVehicles 2022-03-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 02674874

Chamberlain Construction Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2023

 

Chamberlain Construction Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

Chamberlain Construction Limited

Company Information

Directors

Mr Peter Gooch

Mr Peter Burt

Company secretary

Mr Peter Gooch

Registered office

PO Box 161
Beechings Cut
Winchester Road
Alresford
Hampshire
SO24 4BB

Accountants

Lee Accounting Services 2018 Ltd
26 High Street
Rickmansworth
Hertfordshire
WD3 1ER

 

Chamberlain Construction Limited

(Registration number: 02674874)
Balance Sheet as at 31 March 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

1,536

2,064

Current assets

 

Stocks

5

460

168,511

Debtors

6

200,191

221,529

Cash at bank and in hand

 

41,897

30,595

 

242,548

420,635

Creditors: Amounts falling due within one year

7

(98,759)

(209,457)

Net current assets

 

143,789

211,178

Total assets less current liabilities

 

145,325

213,242

Creditors: Amounts falling due after more than one year

7

(27,500)

(37,500)

Net assets

 

117,825

175,742

Capital and reserves

 

Called up share capital

8

1,000

1,000

Retained earnings

116,825

174,742

Shareholders' funds

 

117,825

175,742

For the financial 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.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 29 November 2023 and signed on its behalf by:
 

 

Chamberlain Construction Limited

(Registration number: 02674874)
Balance Sheet as at 31 March 2023

.........................................
Mr Peter Gooch
Company secretary and director

 

Chamberlain Construction Limited

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

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
PO Box 161
Beechings Cut
Winchester Road
Alresford
Hampshire
SO24 4BB

These financial statements were authorised for issue by the Board on 29 November 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

Chamberlain Construction Limited

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

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

25% Reducing Balance

Motor vehicles

25% Reducing Balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

 

Chamberlain Construction Limited

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

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2022 - 0).

 

Chamberlain Construction Limited

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

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 April 2022

32,902

32,414

65,316

Disposals

-

(17,037)

(17,037)

At 31 March 2023

32,902

15,377

48,279

Depreciation

At 1 April 2022

31,151

32,101

63,252

Charge for the year

438

78

516

Eliminated on disposal

-

(17,025)

(17,025)

At 31 March 2023

31,589

15,154

46,743

Carrying amount

At 31 March 2023

1,313

223

1,536

At 31 March 2022

1,751

313

2,064

5

Stocks

2023
£

2022
£

Work in progress

460

168,511

6

Debtors

Current

Note

2023
£

2022
£

Trade debtors

 

-

184,444

Amounts owed by related parties

197,050

-

Other debtors

 

3,141

37,085

   

200,191

221,529

 

Chamberlain Construction Limited

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

7

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Loans and borrowings

10,000

10,000

Trade creditors

 

23,783

163,937

Amounts owed to group undertakings and undertakings in which the company has a participating interest

-

5,163

Taxation and social security

 

46,283

15,652

Accruals and deferred income

 

1,980

1,800

Other creditors

 

16,713

12,905

 

98,759

209,457

The company's bankers have a fixed charge over the assets of the company to secure overdraft borrowings.

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

27,500

37,500

The company's bankers have a fixed charge over the assets of the company to secure overdraft borrowings.

8

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary Shares of £1 each

1,000

1,000

1,000

1,000