Chadworth Developments Limited |
Registered Number:03161945 |
For the year ended 31 March 2024
England and Wales
Unaudited Financial Statements
For the year ended 31 March 2024
Chadworth Developments Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
Chadworth Developments Limited
Statement of Financial Position
2023
2024
Property, plant and equipment |
411,630
413,655
3
411,630
413,655
Trade and other receivables |
421,700
395,127
4
79,715
Cash and cash equivalents |
130,364
525,491
501,415
Trade and other payables: amounts falling due within one year |
(58,249)
(114,871)
5
443,166
410,620
Net current assets
Total assets less current liabilities |
822,250
856,821
Trade and other payables: amounts falling due after more than one |
year |
(83,082)
(69,293)
6
752,957
Net assets
773,739
1,001
1,001
231,842
231,842
7
520,114
540,896
752,957
773,739
Shareholders' funds
For the year ended 31 March 2024 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies. |
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 proper 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 Section 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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
Derek Alan Charlton Director |
Carl Victor Hulme Director |
These financial statements were approved and authorised for issue by the Board on 25 June 2024 and were signed by: |
The notes form part of these financial statements |
1 of 4
For the year ended 31 March 2024
Chadworth Developments Limited
Notes to the Financial Statements
Statutory Information
Chadworth Developments Limited is a private limited company, limited by shares, domiciled in England and Wales, registration |
number 03161945. |
2c Bromborough Road
Bebington
Wirral
United Kingdom
CH63 7RE
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting Standard |
102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The |
financial statements have been prepared under the historical costs convention as modified by the revaluation of certain assets. |
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. |
Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2016, is being amortised evenly over its estimated useful life of 5 years. |
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Plant and machinery
Computer equipment
Motor vehicles
Fixtures and fittings
No depreciation is provided on the company''s freehold properties since in the opinion of the directors the expected useful lives |
are sufficiently long and the estimated residual values are sufficiently high that any such depreciation would be immaterial. The |
directors undertake an annual impairment review of these properties. |
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term. The finance element of the rental payment is charged to the profit and loss account on a straight line basis. |
2 of 4
For the year ended 31 March 2024
Chadworth Developments Limited
Notes to the Financial Statements Continued
2. Intangible fixed assets |
Goodwill
16,710
16,710
16,710
16,710
-
-
3. Property, plant and equipment |
Motor vehicles
486,135
12,419
2,925
63,269
13,022
394,500
4,263
4,012
251
-
-
-
394,500
63,269
3,176
16,431
490,398
13,022
Provision for depreciation and impairment |
72,480
11,729
2,925
45,578
12,248
-
Charge for year
6,288
1,569
51
4,424
244
-
78,768
13,298
2,976
50,002
12,492
-
394,500
530
13,267
200
3,133
411,630
394,500
774
17,691
-
690
413,655
4. Trade and other receivables |
2023
2024
13,100
-
382,027
421,700
421,700
395,127
3 of 4
For the year ended 31 March 2024
Chadworth Developments Limited
Notes to the Financial Statements Continued
5. Trade and other payables: amounts falling due within one year |
2023
2024
Bank loans and overdraft (secured) |
10,000
10,000
5,695
1,075
Taxation and social security |
32,364
24,712
66,812
22,462
114,871
58,249
6. Trade and other payables: amounts falling due after more than one year |
2023
2024
66,584
77,873
2,709
5,209
69,293
83,082
Revaluation reserve at 01 April 2023 |
231,842
231,842
Revaluation reserve at 31 March 2024 |
8. Average number of persons employed |
During the year the average number of employees was 5 (2023 : 5)
4 of 4