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REGISTERED NUMBER: 03645971 (England and Wales)













FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

CHAPTER CONTROLS LIMITED

CHAPTER CONTROLS LIMITED (REGISTERED NUMBER: 03645971)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CHAPTER CONTROLS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: B C Clark
J Clark
S C Clark



SECRETARY: S C Clark



REGISTERED OFFICE: The Old Council Chambers
Halford Street
Tamworth
Staffordshire
B79 7RB



REGISTERED NUMBER: 03645971 (England and Wales)



ACCOUNTANTS: Philip Barnes & Co Limited
Chartered Accountants
The Old Council Chambers
Halford Street
Tamworth
Staffordshire
B79 7RB



BANKERS: National Westminster Bank plc
8 Market Street
Tamworth
Staffordshire
B79 7LS

CHAPTER CONTROLS LIMITED (REGISTERED NUMBER: 03645971)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,594 3,432

CURRENT ASSETS
Stocks 5 11,536 14,947
Debtors 6 140,955 172,345
Cash at bank 16,731 7,258
169,222 194,550
CREDITORS
Amounts falling due within one year 7 98,920 147,752
NET CURRENT ASSETS 70,302 46,798
TOTAL ASSETS LESS CURRENT
LIABILITIES

72,896

50,230

PROVISIONS FOR LIABILITIES 700 700
NET ASSETS 72,196 49,530

CAPITAL AND RESERVES
Called up share capital 8 1,000 1,000
Retained earnings 71,196 48,530
SHAREHOLDERS' FUNDS 72,196 49,530

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

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

CHAPTER CONTROLS LIMITED (REGISTERED NUMBER: 03645971)

BALANCE SHEET - continued
31 DECEMBER 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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 February 2024 and were signed on its behalf by:





B C Clark - Director


CHAPTER CONTROLS LIMITED (REGISTERED NUMBER: 03645971)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Chapter Controls 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.

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

Turnover
Turnover represents revenue recognised by the company in respect of goods and services supplied during the period, excluding value added tax.

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 - 20% reducing balance

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 Profit and loss account, 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES

The average number of employees during the year was 11 (2022 - 11 ) .

CHAPTER CONTROLS LIMITED (REGISTERED NUMBER: 03645971)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 January 2023 27,468 726 28,194
Additions 349 106 455
Disposals (7,042 ) - (7,042 )
At 31 December 2023 20,775 832 21,607
DEPRECIATION
At 1 January 2023 24,687 75 24,762
Charge for year 593 232 825
Eliminated on disposal (6,574 ) - (6,574 )
At 31 December 2023 18,706 307 19,013
NET BOOK VALUE
At 31 December 2023 2,069 525 2,594
At 31 December 2022 2,781 651 3,432

5. STOCKS
2023 2022
£    £   
Raw materials 11,536 14,947

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 137,016 168,485
Other debtors 3,939 3,860
140,955 172,345

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 42,418 38,419
Taxation and social security 36,782 35,371
Other creditors 19,720 73,962
98,920 147,752

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1,000 Ordinary £1 1,000 1,000