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REGISTERED NUMBER: 04256663 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

CHAPEL PRESS LIMITED

CHAPEL PRESS LIMITED (REGISTERED NUMBER: 04256663)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CHAPEL PRESS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: T R O'Shea





SECRETARY: T R O'Shea





REGISTERED OFFICE: Parkgate Close
Bredbury Parkway
Stockport
Cheshire
SK6 2SZ





REGISTERED NUMBER: 04256663 (England and Wales)





ACCOUNTANTS: Daggett and Company
Chartered Accountants
Parkway House
Palatine Road
Northenden
Manchester
M22 4DB

CHAPEL PRESS LIMITED (REGISTERED NUMBER: 04256663)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 4,867 -
Tangible assets 5 632,849 609,103
637,716 609,103

CURRENT ASSETS
Stocks 38,469 34,823
Debtors 6 503,896 560,360
Cash at bank and in hand 274,883 127,143
817,248 722,326
CREDITORS
Amounts falling due within one year 7 573,637 493,414
NET CURRENT ASSETS 243,611 228,912
TOTAL ASSETS LESS CURRENT
LIABILITIES

881,327

838,015

CREDITORS
Amounts falling due after more than one
year

8

(133,849

)

(218,385

)

PROVISIONS FOR LIABILITIES (149,528 ) (117,912 )
NET ASSETS 597,950 501,718

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 597,949 501,717
SHAREHOLDERS' FUNDS 597,950 501,718

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

CHAPEL PRESS LIMITED (REGISTERED NUMBER: 04256663)

BALANCE SHEET - continued
31 MARCH 2024


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 director and authorised for issue on 30 July 2024 and were signed by:





T R O'Shea - Director


CHAPEL PRESS LIMITED (REGISTERED NUMBER: 04256663)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Chapel Press 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 2023, is being amortised evenly over its estimated useful life of four 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.
Plant and machinery etc - 25% on reducing balance, 20% on reducing balance and at variable rates 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.

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 23 (2023 - 23 ) .

CHAPEL PRESS LIMITED (REGISTERED NUMBER: 04256663)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
Additions 6,490
At 31 March 2024 6,490
AMORTISATION
Charge for year 1,623
At 31 March 2024 1,623
NET BOOK VALUE
At 31 March 2024 4,867

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 2,564,746
Additions 137,294
Disposals (18,405 )
At 31 March 2024 2,683,635
DEPRECIATION
At 1 April 2023 1,955,643
Charge for year 111,705
Eliminated on disposal (16,562 )
At 31 March 2024 2,050,786
NET BOOK VALUE
At 31 March 2024 632,849
At 31 March 2023 609,103

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 471,212 533,083
Other debtors 32,684 27,277
503,896 560,360

CHAPEL PRESS LIMITED (REGISTERED NUMBER: 04256663)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Hire purchase contracts 84,536 84,536
Trade creditors 350,394 251,063
Taxation and social security 106,581 137,099
Other creditors 32,126 20,716
573,637 493,414

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Hire purchase contracts 133,849 218,385

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

31.3.24 31.3.23
£    £   
T R O'Shea
Balance outstanding at start of year (3,350 ) (3,786 )
Amounts advanced - 436
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (3,350 ) (3,350 )

The loan to director T.R. O'Shea is free of interest and repayable on demand.

10. RELATED PARTY DISCLOSURES

At the year end the company was owed £3775 by Chapel Press Holdings Limited (2023 owed to Chapel Press Holdings Ltd £2,105).

A dividend of £150,000 was paid to Chapel Press Holdings during the year. (2023 £650,000)

The company paid rent of £84,000 (2023 £80,000) during the year to Chapel Properties of which the director is a sole proprietor.

The company made sales of £15,733 (2023 £16,488) and raised management charges £6,100 (2023 £6,000) to Beechwood Press in which the director is a partner.At the year end £1,085 (2023 £1,370) was owed to the company by Beechwood Press.

11. ULTIMATE CONTROLLING PARTY

The controlling party is Chapel Press Holdings Limited.

Chapel Press Holdings Limited is registered in England and Wales.