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REGISTERED NUMBER: 05427165 (England and Wales)















Financial Statements For The Year Ended 30th June 2023

for

Charnor Limited

Charnor Limited (Registered number: 05427165)






Contents of the Financial Statements
For The Year Ended 30th June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Charnor Limited

Company Information
For The Year Ended 30th June 2023







DIRECTORS: R H Skeet
P Evans





REGISTERED OFFICE: 64 High Street
Belper
Derbyshire
DE56 1GF





REGISTERED NUMBER: 05427165 (England and Wales)





ACCOUNTANTS: L& S Accountancy Services
64 High Street
Belper
Derbyshire
DE56 1GF

Charnor Limited (Registered number: 05427165)

Balance Sheet
30th June 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,307 2,083

CURRENT ASSETS
Stocks - 308,140
Debtors 5 289,129 103,191
Cash at bank 811,468 295,138
1,100,597 706,469
CREDITORS
Amounts falling due within one year 6 184,755 141,672
NET CURRENT ASSETS 915,842 564,797
TOTAL ASSETS LESS CURRENT
LIABILITIES

917,149

566,880

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 917,147 566,878
SHAREHOLDERS' FUNDS 917,149 566,880

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

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

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 2nd January 2024 and were signed on its behalf by:





R H Skeet - Director


Charnor Limited (Registered number: 05427165)

Notes to the Financial Statements
For The Year Ended 30th June 2023

1. STATUTORY INFORMATION

Charnor 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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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.
Plant and machinery - 15% on cost
Fixtures and fittings - 25% on cost
Computer equipment - 33% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

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

Charnor Limited (Registered number: 05427165)

Notes to the Financial Statements - continued
For The Year Ended 30th June 2023

2. ACCOUNTING POLICIES - continued

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 3 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1st July 2022
and 30th June 2023 1,052 2,163 15,468 18,683
DEPRECIATION
At 1st July 2022 952 2,113 13,535 16,600
Charge for year - - 776 776
At 30th June 2023 952 2,113 14,311 17,376
NET BOOK VALUE
At 30th June 2023 100 50 1,157 1,307
At 30th June 2022 100 50 1,933 2,083

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 260,276 8,288
Other debtors 28,853 94,903
289,129 103,191

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 75,801 53,682
Taxation and social security 100,375 79,918
Other creditors 8,579 8,072
184,755 141,672

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At 30th June 2023 the company owed to its director, Mr. R. H. Skeet the sum of £1,040(2022: £624). This loan is unsecured, interest free and has no fixed repayment terms.

Charnor Limited (Registered number: 05427165)

Notes to the Financial Statements - continued
For The Year Ended 30th June 2023

8. RELATED PARTY DISCLOSURES

As at 30 June 2022 there was a balance owing by J M E Site Services Limited of £81,807 (2021: owing by £14,679). During the year the company charged £24,000 (2021: £24,000) to JME Site Services Limited for Management and Administration Services. Both company's are controlled by Mr. R. H. Skeet and Mr. P. Evans who are the joint directors and shareholders.










9. ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party as no one person owns more than 50% of the issued share capital.