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REGISTERED NUMBER: 09865570 (England and Wales)

















Unaudited Financial Statements

for the Year Ended 30 November 2023

for

Cheshire Tap Ltd

Cheshire Tap Ltd (Registered number: 09865570)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 8

Cheshire Tap Ltd

Company Information
for the Year Ended 30 November 2023







DIRECTOR: Mr P S Dey





REGISTERED OFFICE: Unit 10 Valley Court
Sanderson Way
Middlewich
Cheshire
CW10 0GF





REGISTERED NUMBER: 09865570 (England and Wales)





ACCOUNTANTS: Sterling Partners Limited
Chartered Accountants
Chartered Tax Advisors
2nd Floor, Grove House
774-780 Wilmslow Road
Didsbury
Manchester
Greater Manchester
M20 2DR

Cheshire Tap Ltd (Registered number: 09865570)

Balance Sheet
30 November 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 3 59,421 62,491

CURRENT ASSETS
Stocks 28,988 24,999
Debtors 4 429,481 224,741
Cash at bank and in hand 76,016 88,889
534,485 338,629
CREDITORS
Amounts falling due within one year 5 (137,627 ) (118,388 )
NET CURRENT ASSETS 396,858 220,241
TOTAL ASSETS LESS CURRENT
LIABILITIES

456,279

282,732

CREDITORS
Amounts falling due after more than one
year

6

(15,837

)

(28,611

)

PROVISIONS FOR LIABILITIES (13,573 ) -
NET ASSETS 426,869 254,121

CAPITAL AND RESERVES
Called up share capital 10 1
Retained earnings 426,859 254,120
426,869 254,121

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 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.

Cheshire Tap Ltd (Registered number: 09865570)

Balance Sheet - continued
30 November 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 by the director and authorised for issue on 29 August 2024 and were signed by:





Mr P S Dey - Director


Cheshire Tap Ltd (Registered number: 09865570)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 25% on reducing balance
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 15% 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.

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.

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.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2022 - 16 ) .

Cheshire Tap Ltd (Registered number: 09865570)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

3. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 December 2022 104,810 42,749 42,672 5,224 195,455
Additions 8,942 2,899 2,193 158 14,192
At 30 November 2023 113,752 45,648 44,865 5,382 209,647
DEPRECIATION
At 1 December 2022 72,926 31,894 25,782 2,362 132,964
Charge for year 10,206 3,439 2,862 755 17,262
At 30 November 2023 83,132 35,333 28,644 3,117 150,226
NET BOOK VALUE
At 30 November 2023 30,620 10,315 16,221 2,265 59,421
At 30 November 2022 31,884 10,855 16,890 2,862 62,491

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 2,538 -
Amounts owed by group undertakings 1,827 123,148
Directors' current accounts 416,165 92,417
Prepayments 8,951 9,176
429,481 224,741

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 9,996 8,179
Trade creditors 21,214 28,569
Tax 56,419 43,178
Social security and other taxes 15,050 -
Pension liability 437 444
VAT 26,084 29,435
Accrued expenses 8,427 8,583
137,627 118,388

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 1-2 years 9,996 6,361
Bank loans - 2-5 years 5,841 22,250
15,837 28,611

Cheshire Tap Ltd (Registered number: 09865570)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

7. OTHER FINANCIAL COMMITMENTS

The company does not have an operating lease in place in respect of rent, it is currently on a rolling basis.

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 November 2023 and 30 November 2022:

2023 2022
£    £   
Mr P S Dey
Balance outstanding at start of year (92,416 ) -
Amounts advanced 418 27,676
Amounts repaid (324,167 ) (120,092 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (416,165 ) (92,416 )

9. RELATED PARTY DISCLOSURES

Wizard Property Development Ltd

A company in which Mr P S Dey is a director


During the financial year loan repayment of £1,739 being made to Wizard Property Development Ltd.

Brandquest UK Ltd

A company in which Mr P S Dey is a director


During the financial year Brandquest UK Ltd repaid loan of £251.

Dey Motor Company Limited

A company in which Mr P S Dey is a director


During the financial year loan of £2,648 being repaid to Dey Motor Company Limited.

I Call Myself Sanchez Ltd

A company in which Mr P S Dey is a director


During the financial year loan of £70 advanced to I Call Myself Sanchez Ltd.

Mr C Joyce


During the financial year repayment of £435 received from Mr C Joyce and Loan of £435 being advanced to Cheshire Tap Ltd.

Cheshire Tap Ltd (Registered number: 09865570)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

9. RELATED PARTY DISCLOSURES - continued

Wizard Europe Ltd

A company in which Mr P S Dey is a director


During the financial year repayment of £125,676 received from Wizard Europe Ltd.

Bar Astoria Ltd

A company in which Mr P S Dey is a director


During the year loan repayment of £150 being made to Bar Astoria Ltd.

10. ULTIMATE CONTROLLING PARTY

The controlling party is Mr P S Dey.

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Cheshire Tap Ltd (Registered number: 09865570)

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Cheshire Tap Ltd for the year ended 30 November 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Cheshire Tap Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Cheshire Tap Ltd and state those matters that we have agreed to state to the director of Cheshire Tap Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Cheshire Tap Ltd and its director for our work or for this report.

It is your duty to ensure that Cheshire Tap Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Cheshire Tap Ltd. You consider that Cheshire Tap Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Cheshire Tap Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Sterling Partners Limited
Chartered Accountants
Chartered Tax Advisors
2nd Floor, Grove House
774-780 Wilmslow Road
Didsbury
Manchester
Greater Manchester
M20 2DR


Date: .............................................