Registered number
09319728
Chris Davies Ltd
Filleted Accounts
30 November 2023
Chris Davies Ltd
Registered number: 09319728
Balance Sheet
as at 30 November 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 720 960
Current assets
Debtors 4 5,006 7,574
Cash at bank and in hand 56,682 26,208
61,688 33,782
Creditors: amounts falling due within one year 5 (14,899) (14,356)
Net current assets 46,789 19,426
Net assets 47,509 20,386
Capital and reserves
Called up share capital 1 1
Profit and loss account 47,508 20,385
Shareholder's funds 47,509 20,386
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
C Davies
Director
Approved by the board on 1 August 2024
Chris Davies Ltd
Notes to the Accounts
for the year ended 30 November 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover represents revenue earned from the rendering of services and is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. All differences are charged to profit or loss.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Fixtures, fittings, tools and equipment
£
Cost
At 1 December 2022 1,669
At 30 November 2023 1,669
Depreciation
At 1 December 2022 709
Charge for the year 240
At 30 November 2023 949
Net book value
At 30 November 2023 720
At 30 November 2022 960
4 Debtors 2023 2022
£ £
Trade debtors 5,006 6,873
Other debtors - 701
5,006 7,574
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 690 630
Taxation and social security costs 6,731 4,499
Other creditors 7,478 9,227
14,899 14,356
6 Other information
Chris Davies Ltd is a private company limited by shares and incorporated in England. Its registered office is:
4 Higher Kinders
Greenfield
Oldham
OL3 7BH
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