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REGISTERED NUMBER: 11591502 (England and Wales)


Financial Statements for the Year Ended 31 August 2023

for

T & M Chepstow Limited

T & M Chepstow Limited (Registered number: 11591502)






Contents of the Financial Statements
for the Year Ended 31 August 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


T & M Chepstow Limited

Company Information
for the Year Ended 31 August 2023







DIRECTORS: Mr Tajvir Singh Kang
Mrs Mandip Kaur Kang





REGISTERED OFFICE: Bridge House
9 - 13 Holbrook Lane
Coventry
CV6 4AD





REGISTERED NUMBER: 11591502 (England and Wales)





ACCOUNTANTS: Sterling Accounting Services Limited
Bridge House
9-13 Holbrook Lane
Coventry
CV6 4AD

T & M Chepstow Limited (Registered number: 11591502)

Statement of Financial Position
31 August 2023

31.8.23 31.8.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 100,000 100,000
Property, plant and equipment 5 71,199 81,265
171,199 181,265

CURRENT ASSETS
Inventories 69,103 48,645
Debtors 6 1,561 1,186
Cash at bank and in hand 105,113 252,837
175,777 302,668
CREDITORS
Amounts falling due within one year 7 208,515 345,150
NET CURRENT LIABILITIES (32,738 ) (42,482 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

138,461

138,783

CREDITORS
Amounts falling due after more than one
year

8

37,067

42,651
NET ASSETS 101,394 96,132

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 101,294 96,032
SHAREHOLDERS' FUNDS 101,394 96,132

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

T & M Chepstow Limited (Registered number: 11591502)

Statement of Financial Position - continued
31 August 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 February 2024 and were signed on its behalf by:





Mr Tajvir Singh Kang - Director


T & M Chepstow Limited (Registered number: 11591502)

Notes to the Financial Statements
for the Year Ended 31 August 2023

1. STATUTORY INFORMATION

T & M Chepstow 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 represents net sales of invoiced goods and services excluding Value Added Tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil 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.
Plant and machinery etc - 25% on reducing balance

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2022 - 8 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2022
and 31 August 2023 100,000
NET BOOK VALUE
At 31 August 2023 100,000
At 31 August 2022 100,000

T & M Chepstow Limited (Registered number: 11591502)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

5. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
At 1 September 2022 149,504
Additions 13,667
At 31 August 2023 163,171
DEPRECIATION
At 1 September 2022 68,239
Charge for year 23,733
At 31 August 2023 91,972
NET BOOK VALUE
At 31 August 2023 71,199
At 31 August 2022 81,265

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Other debtors 1,561 1,186

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Trade creditors 31,678 36,393
Taxation and social security 15,346 10,309
Other creditors 161,491 298,448
208,515 345,150

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.8.23 31.8.22
£    £   
Bank loans 37,067 42,651

T & M Chepstow Limited (Registered number: 11591502)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.23 31.8.22
value: £    £   
100 Ordinary £1 100 100

10. RELATED PARTY DISCLOSURES

During the year, the Company has paid rent of £14,400 (2022 - £14,400) in respect of use of business property owned by the directors