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REGISTERED NUMBER: 06713675 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

NEW CHAPEL CAR COMPANY LIMITED

NEW CHAPEL CAR COMPANY LIMITED (REGISTERED NUMBER: 06713675)






CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


NEW CHAPEL CAR COMPANY LIMITED

COMPANY INFORMATION
For The Year Ended 31 October 2023







DIRECTORS: P R Lockyer
C J Bryant





REGISTERED OFFICE: 75 Bournemouth Road
Chandlers Ford
Eastleigh
Hampshire
SO53 3AP





REGISTERED NUMBER: 06713675 (England and Wales)





ACCOUNTANTS: Stone Osmond Limited
75 Bournemouth Road
Chandlers Ford
Eastleigh
Hampshire
SO53 3AP

NEW CHAPEL CAR COMPANY LIMITED (REGISTERED NUMBER: 06713675)

BALANCE SHEET
31 October 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 3,577 4,177
3,577 4,177

CURRENT ASSETS
Stocks 226,944 100,400
Debtors 6 13,895 52,822
Cash at bank and in hand 757 26,388
241,596 179,610
CREDITORS
Amounts falling due within one year 7 199,591 170,851
NET CURRENT ASSETS 42,005 8,759
TOTAL ASSETS LESS CURRENT
LIABILITIES

45,582

12,936

PROVISIONS FOR LIABILITIES 554 794
NET ASSETS 45,028 12,142

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 44,928 12,042
SHAREHOLDERS' FUNDS 45,028 12,142

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

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

NEW CHAPEL CAR COMPANY LIMITED (REGISTERED NUMBER: 06713675)

BALANCE SHEET - continued
31 October 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 and authorised for issue by the Board of Directors and authorised for issue on 19 July 2024 and were signed on its behalf by:




P R Lockyer - Director



C J Bryant - Director


NEW CHAPEL CAR COMPANY LIMITED (REGISTERED NUMBER: 06713675)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 October 2023

1. STATUTORY INFORMATION

New Chapel Car 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - 5% on reducing balance
Improvements to property - 5% on reducing balance
Fixtures and fittings - 15% 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.

NEW CHAPEL CAR COMPANY LIMITED (REGISTERED NUMBER: 06713675)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 October 2023

2. ACCOUNTING POLICIES - continued

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.

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 1 (2022 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2022
and 31 October 2023 40,000
AMORTISATION
At 1 November 2022
and 31 October 2023 40,000
NET BOOK VALUE
At 31 October 2023 -
At 31 October 2022 -

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
Short to and Computer
leasehold property fittings equipment Totals
£    £    £    £    £   
COST
At 1 November 2022
and 31 October 2023 3,515 5,923 256 3,303 12,997
DEPRECIATION
At 1 November 2022 2,306 3,886 117 2,511 8,820
Charge for year 60 102 21 417 600
At 31 October 2023 2,366 3,988 138 2,928 9,420
NET BOOK VALUE
At 31 October 2023 1,149 1,935 118 375 3,577
At 31 October 2022 1,209 2,037 139 792 4,177

NEW CHAPEL CAR COMPANY LIMITED (REGISTERED NUMBER: 06713675)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 October 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 13,895 2,850
Other debtors - 49,972
13,895 52,822

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 16,623 -
Trade creditors - (2 )
Taxation and social security 36,303 10,776
Other creditors 146,665 160,077
199,591 170,851

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

2023 2022
£    £   
C Hall and Mrs A Hall
Balance outstanding at start of year (43,972 ) (39,634 )
Amounts advanced - (57,912 )
Amounts repaid 43,972 53,574
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - (43,972 )

9. ULTIMATE CONTROLLING PARTY

The company has no ultimate controlling party.