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REGISTERED NUMBER: 08737061 (England and Wales)















Chasers Daventry Limited

Abridged Unaudited Financial Statements

for the Year Ended 31 March 2023






Chasers Daventry Limited (Registered number: 08737061)

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










Page

Company Information 1

Abridged Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


Chasers Daventry Limited

Company Information
for the Year Ended 31 March 2023







DIRECTOR: Mrs A McGeachey





REGISTERED OFFICE: 25A High Street
Daventry
Northamptonshire
NN11 4BG





REGISTERED NUMBER: 08737061 (England and Wales)





ACCOUNTANTS: Vanmali & Co Ltd
Chartered Certified Accountants
25A High Street
Daventry
Northamptonshire
NN11 4BG

Chasers Daventry Limited (Registered number: 08737061)

Abridged Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 7,891 11,921

CURRENT ASSETS
Stocks 15,750 8,350
Debtors 35,493 26,524
Cash at bank 14,381 84,235
65,624 119,109
CREDITORS
Amounts falling due within one year 134,180 103,043
NET CURRENT (LIABILITIES)/ASSETS (68,556 ) 16,066
TOTAL ASSETS LESS CURRENT
LIABILITIES

(60,665

)

27,987

CREDITORS
Amounts falling due after more than one
year

61,849

72,928
NET LIABILITIES (122,514 ) (44,941 )

CAPITAL AND RESERVES
Called up share capital 20 20
Retained earnings (122,534 ) (44,961 )
SHAREHOLDERS' FUNDS (122,514 ) (44,941 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

Chasers Daventry Limited (Registered number: 08737061)

Abridged Balance Sheet - continued
31 March 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 March 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 15 December 2023 and were signed by:





Mrs A Mcgeachey - Director


Chasers Daventry Limited (Registered number: 08737061)

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


1. STATUTORY INFORMATION

Chasers Daventry 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Leasehold - over the term of the lease
Plant & machinery- 20% on cost
Motor Vehicle- 25% on cost

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 Income Statement, 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.

Chasers Daventry Limited (Registered number: 08737061)

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


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 AND DIRECTORS

The average number of employees during the year was 11 (2022 - 13 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2022 169,043
Additions 2,823
Reclassification/transfer (38,679 )
At 31 March 2023 133,187
DEPRECIATION
At 1 April 2022 157,122
Charge for year 6,853
Reclassification/transfer (38,679 )
At 31 March 2023 125,296
NET BOOK VALUE
At 31 March 2023 7,891
At 31 March 2022 11,921

Chasers Daventry Limited (Registered number: 08737061)

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


4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:

Totals
£   
COST
At 1 April 2022 38,679
Reclassification/transfer (38,679 )
At 31 March 2023 -
DEPRECIATION
At 1 April 2022 38,679
Reclassification/transfer (38,679 )
At 31 March 2023 -
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 -

5. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2023 and 31 March 2022:

2023 2022
£    £   
Mrs A McGeachey
Balance outstanding at start of year 8,312 4,093
Amounts advanced - 8,312
Amounts repaid (8,312 ) (4,093 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 8,312

Mrs L Walker
Balance outstanding at start of year - 8,482
Amounts repaid - (8,482 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

Director loan is subject to 4% interest charge.