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Company Registration No. 06638211 (England and Wales)
CHIPS SURVEYORS LTD Unaudited accounts for the year ended 31 March 2024
CHIPS SURVEYORS LTD Unaudited accounts Contents
Page
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CHIPS SURVEYORS LTD Company Information for the year ended 31 March 2024
Director
Mr A Milstein
Company Number
06638211 (England and Wales)
Registered Office
6 WHYKE LANE CHICHESTER WEST SUSSEX PO19 7UR
Accountants
RSJ Accountants Ltd 10 Overton Road Southbourne Emsworth Hampshire PO10 8NN
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CHIPS SURVEYORS LTD Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
85,244 
21,965 
Current assets
Debtors
5,647 
5,000 
Cash at bank and in hand
51,385 
71,961 
57,032 
76,961 
Creditors: amounts falling due within one year
(44,354)
(52,350)
Net current assets
12,678 
24,611 
Total assets less current liabilities
97,922 
46,576 
Provisions for liabilities
Deferred tax
(16,196)
(4,174)
Net assets
81,726 
42,402 
Capital and reserves
Called up share capital
3 
3 
Profit and loss account
81,723 
42,399 
Shareholders' funds
81,726 
42,402 
For the year ending 31 March 2024 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 director acknowledges his 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 and authorised for issue on 16 April 2024 and were signed on its behalf by
Mr A Milstein Director Company Registration No. 06638211
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CHIPS SURVEYORS LTD Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
CHIPS SURVEYORS LTD is a private company, limited by shares, registered in England and Wales, registration number 06638211. The registered office is 6 WHYKE LANE, CHICHESTER, WEST SUSSEX, PO19 7UR.
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.
Deferred taxation
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.
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
20% Straight Line
Motor vehicles
20% Straight Line
Computer equipment
20% Straight Line
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CHIPS SURVEYORS LTD Notes to the Accounts for the year ended 31 March 2024
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 April 2023
7,045 
58,090 
5,085 
70,220 
Additions
- 
87,750 
749 
88,499 
Disposals
- 
(58,090)
- 
(58,090)
At 31 March 2024
7,045 
87,750 
5,834 
100,629 
Depreciation
At 1 April 2023
6,115 
38,340 
3,800 
48,255 
Charge for the year
310 
13,101 
772 
14,183 
On disposals
- 
(47,053)
- 
(47,053)
At 31 March 2024
6,425 
4,388 
4,572 
15,385 
Net book value
At 31 March 2024
620 
83,362 
1,262 
85,244 
At 31 March 2023
930 
19,750 
1,285 
21,965 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
5,647 
5,000 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
189 
2,614 
Taxes and social security
13,250 
20,235 
Other creditors
300 
300 
Loans from directors
29,665 
28,501 
Accruals
950 
700 
44,354 
52,350 
7
Transactions with related parties
During the year the company received income from Skyline Surveyors Limited, a company owned by Mr A Milstein, to the value of £62,000
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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