1 July 2022 false No description of principal activity Taxfiler 2023.14 2726611business:PrivateLimitedCompanyLtd2022-07-012023-06-30 27266112022-06-30 27266112022-07-012023-06-30 2726611business:AuditExempt-NoAccountantsReport2022-07-012023-06-30 2726611business:FilletedAccounts2022-07-012023-06-30 27266112023-06-30 2726611business:Director12022-07-012023-06-30 2726611business:Director22022-07-012023-06-30 2726611business:RegisteredOffice2022-07-012023-06-30 27266112022-06-30 2726611core:WithinOneYear2023-06-30 2726611core:WithinOneYear2022-06-30 2726611core:ShareCapitalcore:PreviouslyStatedAmount2023-06-30 2726611core:ShareCapitalcore:PreviouslyStatedAmount2022-06-30 2726611core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-06-30 2726611core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-06-30 2726611core:PreviouslyStatedAmount2023-06-30 2726611core:PreviouslyStatedAmount2022-06-30 2726611business:SmallEntities2022-07-012023-06-30 2726611countries:EnglandWales2022-07-012023-06-30 2726611core:PlantMachinery2022-07-012023-06-30 2726611core:MotorVehicles2022-07-012023-06-30 2726611core:FurnitureFittings2022-07-012023-06-30 2726611core:PlantMachinery2022-06-30 2726611core:FurnitureFittings2022-06-30 2726611core:PlantMachinery2023-06-30 2726611core:FurnitureFittings2023-06-30 2726611core:BetweenOneFiveYears2023-06-30 2726611core:BetweenOneFiveYears2022-06-30 27266112021-07-012022-06-30 iso4217:GBP xbrli:pure
Company Registration No. 2726611 (England and Wales)
Chambers Engineering Limited Unaudited accounts for the year ended 30 June 2023
Chambers Engineering Limited Unaudited accounts Contents
Page
- 2 -
Chambers Engineering Limited Company Information for the year ended 30 June 2023
Directors
Nicolas Chambers Timothy Chambers
Company Number
2726611 (England and Wales)
Registered Office
WARMSTONE WORKS WARMSTONE LANE, WADDESDON AYLESBURY BUCKINGHAMSHIRE HP18 0NF
- 3 -
Chambers Engineering Limited Statement of financial position as at 30 June 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,643 
6,087 
Current assets
Inventories
145,572 
157,600 
Debtors
142,200 
82,020 
Cash at bank and in hand
21,378 
16,654 
309,150 
256,274 
Creditors: amounts falling due within one year
(177,197)
(165,336)
Net current assets
131,953 
90,938 
Net assets
133,596 
97,025 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
133,496 
96,925 
Shareholders' funds
133,596 
97,025 
For the year ending 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 8 March 2024 and were signed on its behalf by
Timothy Chambers Director Company Registration No. 2726611
- 4 -
Chambers Engineering Limited Notes to the Accounts for the year ended 30 June 2023
1
Statutory information
Chambers Engineering Limited is a private company, limited by shares, registered in England and Wales, registration number 2726611. The registered office is WARMSTONE WORKS, WARMSTONE LANE, WADDESDON, AYLESBURY, BUCKINGHAMSHIRE, HP18 0NF.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
10% of cost
Motor vehicles
20% of cost
Fixtures & fittings
10% of cost
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
- 5 -
Chambers Engineering Limited Notes to the Accounts for the year ended 30 June 2023
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 July 2022
21,913 
8,425 
30,338 
Disposals
(10,082)
- 
(10,082)
At 30 June 2023
11,831 
8,425 
20,256 
Depreciation
At 1 July 2022
16,936 
7,315 
24,251 
Charge for the year
3,334 
1,110 
4,444 
On disposals
(10,082)
- 
(10,082)
At 30 June 2023
10,188 
8,425 
18,613 
Net book value
At 30 June 2023
1,643 
- 
1,643 
At 30 June 2022
4,977 
1,110 
6,087 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
142,200 
82,020 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
61,099 
73,542 
Taxes and social security
42,868 
18,564 
Other creditors
73,230 
73,230 
177,197 
165,336 
7
Operating lease commitments
2023 
2022 
£ 
£ 
At 30 June 2023 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Later than one year and not later than five years
62,580 
52,500 
8
Average number of employees
During the year the average number of employees was 10 (2022: 10).
- 6 -