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REGISTERED NUMBER: 13083777 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

CHAFFIN CONSTRUCTION LTD

CHAFFIN CONSTRUCTION LTD (REGISTERED NUMBER: 13083777)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


CHAFFIN CONSTRUCTION LTD

Company Information
for the Year Ended 31 December 2023







DIRECTOR: G Chaffin





REGISTERED OFFICE: Unit A6 Chaucer Business Park
Dittons Road
Polegate
East Sussex
BN26 6QH





REGISTERED NUMBER: 13083777 (England and Wales)





ACCOUNTANTS: MDJ Services Limited
Unit A6
Chaucer Business Park
Dittons Road
Polegate
East Sussex
BN26 6QH

CHAFFIN CONSTRUCTION LTD (REGISTERED NUMBER: 13083777)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,300 5,687

CURRENT ASSETS
Debtors 5 27,932 14,505
Cash at bank 29,987 117,204
57,919 131,709
CREDITORS
Amounts falling due within one year 6 29,001 42,230
NET CURRENT ASSETS 28,918 89,479
TOTAL ASSETS LESS CURRENT
LIABILITIES

33,218

95,166

PROVISIONS FOR LIABILITIES 817 1,081
NET ASSETS 32,401 94,085

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 32,301 93,985
SHAREHOLDERS' FUNDS 32,401 94,085

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

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 25 September 2024 and were signed by:



G Chaffin - Director


CHAFFIN CONSTRUCTION LTD (REGISTERED NUMBER: 13083777)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Chaffin Construction Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.
Motor vehicles - 25% on reducing balance
Computer equipment - 33% 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - NIL ) .

CHAFFIN CONSTRUCTION LTD (REGISTERED NUMBER: 13083777)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 January 2023 7,500 1,727 9,227
Additions - 228 228
At 31 December 2023 7,500 1,955 9,455
DEPRECIATION
At 1 January 2023 3,281 259 3,540
Charge for year 1,055 560 1,615
At 31 December 2023 4,336 819 5,155
NET BOOK VALUE
At 31 December 2023 3,164 1,136 4,300
At 31 December 2022 4,219 1,468 5,687

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 9,564 2,000
Other debtors - 38
Tax 18,368 12,467
27,932 14,505

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 1,440 -
Tax 18,099 21,455
Social security and other taxes - 2,754
VAT 4,491 14,799
Other creditors 398 398
Directors' current accounts 373 1,624
Accrued expenses 4,200 1,200
29,001 42,230

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
100 Ordinary £1 100 100