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Registration number: 04518235

Charnwood Contractors Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 August 2023

 

Charnwood Contractors Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

Charnwood Contractors Limited

Company Information

Director

Mr I S Derry

Registered office

165 Apex
West Green Drive
Crawley
West Sussex
RH11 7QL

Accountants

MJD Accounting Limited
Chartered Accountants
165 Apex
West Green Drive
Crawley
West Sussex
RH11 7QL

 

Charnwood Contractors Limited

(Registration number: 04518235)
Balance Sheet as at 31 August 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

304

380

Current assets

 

Debtors

5

29,072

16,716

Cash at bank and in hand

 

28,640

30,867

 

57,712

47,583

Creditors: Amounts falling due within one year

6

(17,718)

(7,907)

Net current assets

 

39,994

39,676

Net assets

 

40,298

40,056

Capital and reserves

 

Called up share capital

7

2

2

Retained earnings

40,296

40,054

Shareholders' funds

 

40,298

40,056

For the financial year ending 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges his 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 director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 5 March 2024
 

.......................................................

Mr I S Derry
Director

 

Charnwood Contractors Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 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:
165 Apex
West Green Drive
Crawley
West Sussex
RH11 7QL

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.

The presentational currency is sterling.

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 current 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.

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.

 

Charnwood Contractors Limited

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

Depreciation

Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Computer equipment

20% reducing balance basis

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2022 - 1).

4

Tangible assets

Computer equipment
£

Total
£

Cost or valuation

At 1 September 2022

2,566

2,566

At 31 August 2023

2,566

2,566

Depreciation

At 1 September 2022

2,186

2,186

Charge for the year

76

76

At 31 August 2023

2,262

2,262

Carrying amount

At 31 August 2023

304

304

At 31 August 2022

380

380

 

Charnwood Contractors Limited

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

5

Debtors

Current

2023
£

2022
£

Trade debtors

16,285

14,000

Prepayments

2,364

2,246

Other debtors

10,423

470

 

29,072

16,716

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Trade creditors

9,297

-

Taxation and social security

5,994

4,554

Accruals and deferred income

2,427

2,240

Other creditors

-

1,113

17,718

7,907

7

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary shares of £1 each

2

2

2

2

         

8

Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £8,337 (2022 - £13,340).

9

Directors advances, credits and guarantees

During the year ended 31 August 2023 the company advanced unsecured loans amounting to £9,261 to the Director of the company. The loans were interest free and had no fixed repayment date. The company received repayments of £312. The balance outstanding at the year end was £8,949 and is included in current assets.