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REGISTERED NUMBER: 06191835 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

Challis Builders Limited

Challis Builders Limited (Registered number: 06191835)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Challis Builders Limited

COMPANY INFORMATION
for the Year Ended 31 March 2023







DIRECTORS: Mr L Challis
Mr G Challis
Mr R Preston
Mr E C Challis





SECRETARY: Mr E C Challis





REGISTERED OFFICE: Units SCF 1 & 2, South Core
Western International Market Centre
Southall
Middlesex
UB2 5XJ





REGISTERED NUMBER: 06191835 (England and Wales)





ACCOUNTANTS: Cooper Dawn Jerrom Limited
Chartered Accountants
Units SCF 1 & 2
Western International Market
Hayes Road
Southall
Middlesex
UB2 5XJ

Challis Builders Limited (Registered number: 06191835)

BALANCE SHEET
31 March 2023

31.3.23 31.3.22
Notes £    £   
CURRENT ASSETS
Debtors 5 113,261 79,423
Cash at bank 3,584 8,630
116,845 88,053
CREDITORS
Amounts falling due within one year 6 238,871 207,257
NET CURRENT LIABILITIES (122,026 ) (119,204 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(122,026

)

(119,204

)

CREDITORS
Amounts falling due after more than one year 7 22,589 32,589
NET LIABILITIES (144,615 ) (151,793 )

CAPITAL AND RESERVES
Called up share capital 99 99
Retained earnings 8 (144,714 ) (151,892 )
SHAREHOLDERS' FUNDS (144,615 ) (151,793 )

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 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 28 March 2024 and were signed on its behalf by:





Mr R Preston - Director


Challis Builders Limited (Registered number: 06191835)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Challis Builders 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

The accounts have been prepared on a going concern basis, since in the opinion of the director, it is appropriate to assume that the company will receive the continued support of the related companies for a period in excess of twelve months from the date of approval of these financial statements.

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.
Motor vehicles - 25% on cost
Computer equipment - 33% on cost

Going concern
The company is dependant for its ability to continue as a going concern on the continuing support of its director .The director is confident that the business condition will improve and consider that it is appropriate for the financial statements to be prepared on a going concern basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

4. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2022
and 31 March 2023 50,374 405 50,779
DEPRECIATION
At 1 April 2022
and 31 March 2023 50,374 405 50,779
NET BOOK VALUE
At 31 March 2023 - - -
At 31 March 2022 - - -

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 96,261 79,423
Other debtors 17,000 -
113,261 79,423

Challis Builders Limited (Registered number: 06191835)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 8,333 8,333
Taxation and social security 12,140 19,892
Other creditors 218,398 179,032
238,871 207,257

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans 22,589 32,589

8. RESERVES
Retained
earnings
£   

At 1 April 2022 (151,892 )
Profit for the year 7,178
At 31 March 2023 (144,714 )

9. RELATED PARTY DISCLOSURES

During the year, the Director's loan account amounts to £166,276.09 (2021- £165,676.09).

10. ULTIMATE CONTROLLING PARTY

The controlling party is the shareholders.