IRIS Accounts Production v23.3.1.45 07385376 Board of Directors 1.3.22 28.2.23 28.2.23 0 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh073853762022-02-28073853762023-02-28073853762022-03-012023-02-28073853762021-02-28073853762021-03-012022-02-28073853762022-02-2807385376ns10:Originalns15:EnglandWales2022-03-012023-02-2807385376ns14:PoundSterlingns10:Original2022-03-012023-02-2807385376ns10:Originalns10:Director12022-03-012023-02-2807385376ns10:Original2022-03-012023-02-2807385376ns10:Original2023-02-2807385376ns10:Originalns10:PrivateLimitedCompanyLtd2022-03-012023-02-2807385376ns10:Originalns10:SmallEntities2022-03-012023-02-2807385376ns10:Originalns10:AuditExemptWithAccountantsReport2022-03-012023-02-2807385376ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-03-012023-02-2807385376ns10:SmallCompaniesRegimeForAccountsns10:Original2022-03-012023-02-2807385376ns10:Originalns10:AbridgedAccounts2022-03-012023-02-2807385376ns10:Original2021-03-012022-02-2807385376ns10:Original12022-03-012023-02-2807385376ns10:Originalns10:Director22022-03-012023-02-2807385376ns10:Originalns10:RegisteredOffice2022-03-012023-02-2807385376ns10:Original2022-02-2807385376ns10:Originalns5:CurrentFinancialInstruments2023-02-2807385376ns10:Originalns5:CurrentFinancialInstruments2022-02-2807385376ns10:Originalns5:Non-currentFinancialInstruments2023-02-2807385376ns10:Originalns5:Non-currentFinancialInstruments2022-02-2807385376ns5:ShareCapitalns10:Original2023-02-2807385376ns5:ShareCapitalns10:Original2022-02-2807385376ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-02-2807385376ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-02-2807385376ns10:Originalns5:NetGoodwill2022-03-012023-02-2807385376ns5:IntangibleAssetsOtherThanGoodwillns10:Original2022-03-012023-02-2807385376ns10:Originalns5:LandBuildings2022-03-012023-02-2807385376ns10:Originalns5:PlantMachinery2022-03-012023-02-2807385376ns10:Original2022-02-2807385376ns5:Securedns10:Original2023-02-2807385376ns5:Securedns10:Original2022-02-28
REGISTERED NUMBER: 07385376 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2023

FOR

VALLEY CHIPPY (ATHERTON) LIMITED

VALLEY CHIPPY (ATHERTON) LIMITED (REGISTERED NUMBER: 07385376)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

VALLEY CHIPPY (ATHERTON) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2023







DIRECTORS: C P Cartwright
Ms E Cartwright





REGISTERED OFFICE: 207 Knutsford Road
Grappenhall
Warrington
Cheshire
WA4 2QL





REGISTERED NUMBER: 07385376 (England and Wales)





ACCOUNTANTS: Walker Begley Limited
Chartered Accountants
207 Knutsford Road
Grappenhall
Warrington
Cheshire
WA4 2QL

VALLEY CHIPPY (ATHERTON) LIMITED (REGISTERED NUMBER: 07385376)

ABRIDGED BALANCE SHEET
28 FEBRUARY 2023

28/2/23 28/2/22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 84,922 87,157
84,922 87,157

CURRENT ASSETS
Stocks 550 550
Cash at bank and in hand 1,686 1,264
2,236 1,814
CREDITORS
Amounts falling due within one year 63,135 57,211
NET CURRENT LIABILITIES (60,899 ) (55,397 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

24,023

31,760

CREDITORS
Amounts falling due after more than one year 126,912 133,004
NET LIABILITIES (102,889 ) (101,244 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (102,890 ) (101,245 )
SHAREHOLDERS' FUNDS (102,889 ) (101,244 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

VALLEY CHIPPY (ATHERTON) LIMITED (REGISTERED NUMBER: 07385376)

ABRIDGED BALANCE SHEET - continued
28 FEBRUARY 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 28 February 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 February 2024 and were signed on its behalf by:





C P Cartwright - Director


VALLEY CHIPPY (ATHERTON) LIMITED (REGISTERED NUMBER: 07385376)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

1. STATUTORY INFORMATION

Valley Chippy (Atherton) 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 2% on cost
Plant and machinery etc - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

VALLEY CHIPPY (ATHERTON) LIMITED (REGISTERED NUMBER: 07385376)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023

2. ACCOUNTING POLICIES - continued

Going concern
Until such time that the deficit in reserves is cleared, the company will continue to reply on it's creditors. The accounts have therefore been prepared on a going concern basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - NIL ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 March 2022
and 28 February 2023 60,950
AMORTISATION
At 1 March 2022
and 28 February 2023 60,950
NET BOOK VALUE

At 28 February 2023 -
At 28 February 2022 -

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 March 2022
and 28 February 2023 118,211
DEPRECIATION
At 1 March 2022 31,054
Charge for year 2,235
At 28 February 2023 33,289
NET BOOK VALUE
At 28 February 2023 84,922
At 28 February 2022 87,157

VALLEY CHIPPY (ATHERTON) LIMITED (REGISTERED NUMBER: 07385376)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023

6. SECURED DEBTS

The following secured debts are included within creditors:

28/2/23 28/2/22
£    £   
Bank loans 21,565 27,657

The bank loans are secured by freehold property.

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The directors, Ms E Cartwright and Mr C Cartwright, have made an unsecured interest free loan available to the company. There are no fixed repayment terms. The balance as at 28th February 2022 was £41,423 (2021: £28,627).

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
VALLEY CHIPPY (ATHERTON) LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Abridged Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Valley Chippy (Atherton) Limited for the year ended 28 February 2023 which comprise the Abridged Income Statement, Abridged Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Valley Chippy (Atherton) Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Valley Chippy (Atherton) Limited and state those matters that we have agreed to state to the Board of Directors of Valley Chippy (Atherton) Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Valley Chippy (Atherton) Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Valley Chippy (Atherton) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Valley Chippy (Atherton) Limited. You consider that Valley Chippy (Atherton) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Valley Chippy (Atherton) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Walker Begley Limited
Chartered Accountants
207 Knutsford Road
Grappenhall
Warrington
Cheshire
WA4 2QL


12 February 2024