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REGISTERED NUMBER: 01302872 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2023

for

Chew Valley Hide & Skin Company Limited

Chew Valley Hide & Skin Company Limited (Registered number: 01302872)






Contents of the Financial Statements
for the Year Ended 30 April 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Chew Valley Hide & Skin Company Limited

Company Information
for the Year Ended 30 April 2023







DIRECTORS: Mr L C J Dury
Mrs C L Kelly





SECRETARY: Mrs C L Kelly





REGISTERED OFFICE: 2 Northside
Wells Road
Chilcompton
Radstock
BA3 4ET





REGISTERED NUMBER: 01302872 (England and Wales)





ACCOUNTANTS: Accounting Solutions
2 Northside
Wells Road
Chilcompton
Radstock
BA3 4ET

Chew Valley Hide & Skin Company Limited (Registered number: 01302872)

Balance Sheet
30 April 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 308,315 255,698

CURRENT ASSETS
Stocks 18,300 15,432
Debtors 5 437,545 317,379
Cash at bank and in hand 2,857 232
458,702 333,043
CREDITORS
Amounts falling due within one year 6 236,694 204,155
NET CURRENT ASSETS 222,008 128,888
TOTAL ASSETS LESS CURRENT
LIABILITIES

530,323

384,586

CREDITORS
Amounts falling due after more than one
year

7

45,995

43,108
NET ASSETS 484,328 341,478

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Share premium 14,571 14,571
Retained earnings 468,757 325,907
SHAREHOLDERS' FUNDS 484,328 341,478

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

Chew Valley Hide & Skin Company Limited (Registered number: 01302872)

Balance Sheet - continued
30 April 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 January 2024 and were signed on its behalf by:




Mr L C J Dury - Director



Mrs C L Kelly - Director


Chew Valley Hide & Skin Company Limited (Registered number: 01302872)

Notes to the Financial Statements
for the Year Ended 30 April 2023

1. STATUTORY INFORMATION

Chew Valley Hide & Skin Company 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.
Freehold property - 10% on cost
Long leasehold - 10% on cost
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% 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.

Chew Valley Hide & Skin Company Limited (Registered number: 01302872)

Notes to the Financial Statements - continued
for the Year Ended 30 April 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.

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 - 11 ) .

4. TANGIBLE FIXED ASSETS
Freehold Long Plant and
property leasehold machinery
£    £    £   
COST
At 1 May 2022 34,789 186,312 362,406
Additions 11,120 - 53,946
At 30 April 2023 45,909 186,312 416,352
DEPRECIATION
At 1 May 2022 - 184,576 273,612
Charge for year - 1,736 21,411
At 30 April 2023 - 186,312 295,023
NET BOOK VALUE
At 30 April 2023 45,909 - 121,329
At 30 April 2022 34,789 1,736 88,794

Chew Valley Hide & Skin Company Limited (Registered number: 01302872)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

4. TANGIBLE FIXED ASSETS - continued

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 May 2022 13,494 761,379 382 1,358,762
Additions - 57,800 - 122,866
At 30 April 2023 13,494 819,179 382 1,481,628
DEPRECIATION
At 1 May 2022 13,426 631,145 305 1,103,064
Charge for year 17 47,008 77 70,249
At 30 April 2023 13,443 678,153 382 1,173,313
NET BOOK VALUE
At 30 April 2023 51 141,026 - 308,315
At 30 April 2022 68 130,234 77 255,698

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 May 2022 74,553 160,900 235,453
Additions 27,500 36,000 63,500
Transfer to ownership - (64,688 ) (64,688 )
At 30 April 2023 102,053 132,212 234,265
DEPRECIATION
At 1 May 2022 27,375 94,524 121,899
Charge for year 11,202 23,978 35,180
Transfer to ownership - (58,223 ) (58,223 )
At 30 April 2023 38,577 60,279 98,856
NET BOOK VALUE
At 30 April 2023 63,476 71,933 135,409
At 30 April 2022 47,178 66,376 113,554

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 429,534 302,308
Other debtors 8,011 15,071
437,545 317,379

Chew Valley Hide & Skin Company Limited (Registered number: 01302872)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 3,485 6,084
Hire purchase contracts 48,026 39,722
Trade creditors 34,606 99,610
Taxation and social security 54,241 42,378
Other creditors 96,336 16,361
236,694 204,155

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Hire purchase contracts 45,995 43,108

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The company was under the control of the directors throughout the period as stated in the director's report.

Interest was charged on any overdrawn directors' loan account balances at the official rate of 2.00% until 5 April 2023 and 2.25% thereafter.