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REGISTERED NUMBER: 04376588 (England and Wales)














Financial Statements for the Year Ended 30 June 2023

for

Churchills Agency Limited

Churchills Agency Limited (Registered number: 04376588)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Churchills Agency Limited

Company Information
for the Year Ended 30 June 2023







DIRECTOR: Mr R A Sleight





REGISTERED OFFICE: 1C Amberside
Wood Lane
Hemel Hempstead
Hertfordshire
HP2 4TP





REGISTERED NUMBER: 04376588 (England and Wales)





ACCOUNTANTS: Farrell & Co
1C Amberside
Wood Lane
Hemel Hempstead
Hertfordshire
HP2 4TP

Churchills Agency Limited (Registered number: 04376588)

Balance Sheet
30 June 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,309 1,746

CURRENT ASSETS
Debtors 5 23,860 21,765
Cash at bank 553,830 536,714
577,690 558,479
CREDITORS
Amounts falling due within one year 6 448,951 427,361
NET CURRENT ASSETS 128,739 131,118
TOTAL ASSETS LESS CURRENT
LIABILITIES

130,048

132,864

CREDITORS
Amounts falling due after more than one year 7 (32,870 ) (43,983 )

PROVISIONS FOR LIABILITIES (129 ) (186 )
NET ASSETS 97,049 88,695

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 96,949 88,595
SHAREHOLDERS' FUNDS 97,049 88,695

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

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

Churchills Agency Limited (Registered number: 04376588)

Balance Sheet - continued
30 June 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 17 September 2024 and were signed by:





Mr R A Sleight - Director


Churchills Agency Limited (Registered number: 04376588)

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

1. STATUTORY INFORMATION

Churchills Agency 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.

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
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2022 - 11 ) .

Churchills Agency Limited (Registered number: 04376588)

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

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Computer
property fittings equipment Totals
£    £    £    £   
COST
At 1 July 2022
and 30 June 2023 74,519 50,215 44,471 169,205
DEPRECIATION
At 1 July 2022 74,003 49,249 44,207 167,459
Charge for year 129 242 66 437
At 30 June 2023 74,132 49,491 44,273 167,896
NET BOOK VALUE
At 30 June 2023 387 724 198 1,309
At 30 June 2022 516 966 264 1,746

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade debtors 17,631 21,765
Amounts owed by associates 6,229 -
23,860 21,765

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Wages control 1,803 -
Trade creditors 3,294 43,835
Amounts owed to associates 21,000 -
Taxation and social security 14,023 41,946
Other creditors 408,831 341,580
448,951 427,361

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.23 30.6.22
£    £   
Bank loans 32,870 43,983

8. ULTIMATE CONTROLLING PARTY

The controlling party is Mr R A Sleight.