IRIS Accounts Production v23.4.0.336 03828492 Board of Directors 1.1.23 31.12.23 31.12.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh038284922022-12-31038284922023-12-31038284922023-01-012023-12-31038284922021-12-31038284922022-01-012022-12-31038284922022-12-3103828492ns15:EnglandWales2023-01-012023-12-3103828492ns14:PoundSterling2023-01-012023-12-3103828492ns10:Director12023-01-012023-12-3103828492ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3103828492ns10:SmallEntities2023-01-012023-12-3103828492ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3103828492ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3103828492ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3103828492ns10:FullAccounts2023-01-012023-12-3103828492ns10:Director22023-01-012023-12-3103828492ns10:CompanySecretary12023-01-012023-12-3103828492ns10:RegisteredOffice2023-01-012023-12-3103828492ns5:CurrentFinancialInstruments2023-12-3103828492ns5:CurrentFinancialInstruments2022-12-3103828492ns5:Non-currentFinancialInstruments2023-12-3103828492ns5:Non-currentFinancialInstruments2022-12-3103828492ns5:ShareCapital2023-12-3103828492ns5:ShareCapital2022-12-3103828492ns5:RetainedEarningsAccumulatedLosses2023-12-3103828492ns5:RetainedEarningsAccumulatedLosses2022-12-3103828492ns5:PlantMachinery2023-01-012023-12-3103828492ns5:MotorVehicles2023-01-012023-12-3103828492ns5:ComputerEquipment2023-01-012023-12-3103828492ns5:PlantMachinery2022-12-3103828492ns5:MotorVehicles2022-12-3103828492ns5:ComputerEquipment2022-12-3103828492ns5:PlantMachinery2023-12-3103828492ns5:MotorVehicles2023-12-3103828492ns5:ComputerEquipment2023-12-3103828492ns5:PlantMachinery2022-12-3103828492ns5:MotorVehicles2022-12-3103828492ns5:ComputerEquipment2022-12-3103828492ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2022-12-3103828492ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-01-012023-12-3103828492ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-12-3103828492ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2022-12-3103828492ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2023-12-3103828492ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2022-12-3103828492ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-12-3103828492ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2022-12-3103828492ns5:Secured2023-12-3103828492ns5:Secured2022-12-3103828492ns5:DeferredTaxation2022-12-3103828492ns5:DeferredTaxation2023-01-012023-12-3103828492ns5:DeferredTaxation2023-12-31
















CHAMBERLAIN BROS. CONSTRUCTION LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023






CHAMBERLAIN BROS. CONSTRUCTION LTD (REGISTERED NUMBER: 03828492)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CHAMBERLAIN BROS. CONSTRUCTION LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: M J Chamberlain
D T Chamberlain





SECRETARY: Mrs J M Chamberlain





REGISTERED OFFICE: Budstone House
Stone
Berkeley
Gloucestershire
GL13 9JY





REGISTERED NUMBER: 03828492 (England and Wales)





ACCOUNTANTS: Bowen Accountants Ltd
Chartered Accountants
Unit 1 Gate Farm
High Street
Sutton Benger
Chippenham
Wiltshire
SN15 4RE

CHAMBERLAIN BROS. CONSTRUCTION LTD (REGISTERED NUMBER: 03828492)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 79,449 36,069

CURRENT ASSETS
Stocks 5 5,000 7,500
Debtors 6 91,943 37,329
Prepayments and accrued income 1,497 1,376
Cash at bank 251,792 246,361
350,232 292,566
CREDITORS
Amounts falling due within one year 7 229,748 180,223
NET CURRENT ASSETS 120,484 112,343
TOTAL ASSETS LESS CURRENT
LIABILITIES

199,933

148,412

CREDITORS
Amounts falling due after more than one
year

8

(121,974

)

(139,397

)

PROVISIONS FOR LIABILITIES 10 (19,862 ) (6,853 )

ACCRUALS AND DEFERRED INCOME (2,045 ) (2,045 )
NET ASSETS 56,052 117

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 55,952 17
SHAREHOLDERS' FUNDS 56,052 117

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

CHAMBERLAIN BROS. CONSTRUCTION LTD (REGISTERED NUMBER: 03828492)

BALANCE SHEET - continued
31 DECEMBER 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 Statement of Income and Retained Earnings has not been delivered.

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





M J Chamberlain - Director


CHAMBERLAIN BROS. CONSTRUCTION LTD (REGISTERED NUMBER: 03828492)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Chamberlain Bros. Construction Ltd 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.

Turnover represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the value of consideration due.

Where a contract has only been partially completed at the balance sheet date, turnover represents the value of the service provided to date based on a proportion of the total expected consideration at completion. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

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.
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is determined on a first in first out basis. Net realisable value represents estimated selling price less costs to complete and sell.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


CHAMBERLAIN BROS. CONSTRUCTION LTD (REGISTERED NUMBER: 03828492)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

2. ACCOUNTING POLICIES - continued
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
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 9 (2022 - 8 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2023 4,810 85,019 4,513 94,342
Additions 900 62,810 1,082 64,792
Disposals - (32,661 ) - (32,661 )
At 31 December 2023 5,710 115,168 5,595 126,473
DEPRECIATION
At 1 January 2023 1,120 54,699 2,454 58,273
Charge for year 656 14,788 660 16,104
Eliminated on disposal - (27,353 ) - (27,353 )
At 31 December 2023 1,776 42,134 3,114 47,024
NET BOOK VALUE
At 31 December 2023 3,934 73,034 2,481 79,449
At 31 December 2022 3,690 30,320 2,059 36,069

CHAMBERLAIN BROS. CONSTRUCTION LTD (REGISTERED NUMBER: 03828492)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 January 2023 23,614
Additions 62,810
At 31 December 2023 86,424
DEPRECIATION
At 1 January 2023 7,011
Charge for year 12,029
At 31 December 2023 19,040
NET BOOK VALUE
At 31 December 2023 67,384
At 31 December 2022 16,603

5. STOCKS
2023 2022
£    £   
Stocks 5,000 7,500

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 91,943 37,329

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 45,000 45,000
Other loans 733 -
Hire purchase contracts 12,168 4,251
Trade creditors 29,317 39,778
Tax 34,490 11,271
Social security and other taxes 8,990 10,217
VAT 19,373 15,290
Other creditors 8,237 2,893
Directors' current accounts 71,440 51,523
229,748 180,223

CHAMBERLAIN BROS. CONSTRUCTION LTD (REGISTERED NUMBER: 03828492)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 1-2 years 45,000 45,000
Bank loans - 2-5 years 41,250 86,250
Hire purchase contracts 35,724 8,147
121,974 139,397

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 131,250 176,250

10. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 19,862 6,853

Deferred
tax
£   
Balance at 1 January 2023 6,853
Provided during year 13,009
Accelerated capital allowances
Balance at 31 December 2023 19,862