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REGISTERED NUMBER: 01557430 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Charlestown Engineering Services Limited

Charlestown Engineering Services Limited (Registered number: 01557430)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Charlestown Engineering Services Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Mr P Nolan
Mrs S Nolan
Mr D A Nolan





SECRETARY: Mrs S Nolan





REGISTERED OFFICE: Raynor Works
Bayley Street
Stalybridge
Cheshire
SK15 1PL





REGISTERED NUMBER: 01557430 (England and Wales)






Charlestown Engineering Services Limited (Registered number: 01557430)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 788,555 755,398

CURRENT ASSETS
Stocks 13,853 14,100
Debtors 5 371,541 514,987
Cash in hand - 57
385,394 529,144
CREDITORS
Amounts falling due within one year 6 643,763 586,326
NET CURRENT LIABILITIES (258,369 ) (57,182 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

530,186

698,216

CREDITORS
Amounts falling due after more than one
year

7

(155,946

)

(198,957

)

PROVISIONS FOR LIABILITIES (57,705 ) (37,555 )
NET ASSETS 316,535 461,704

CAPITAL AND RESERVES
Called up share capital 500 500
Revaluation reserve 9 223,935 223,935
Retained earnings 92,100 237,269
SHAREHOLDERS' FUNDS 316,535 461,704

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 directors acknowledge their 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.

Charlestown Engineering Services Limited (Registered number: 01557430)

Balance Sheet - continued
31 December 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 Board of Directors and authorised for issue on 30 September 2024 and were signed on its behalf by:





Mr P Nolan - Director


Charlestown Engineering Services Limited (Registered number: 01557430)

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

1. STATUTORY INFORMATION

Charlestown Engineering Services 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Land and buildings - not provided
Plant and machinery etc - 25% on reducing balance, 25% on cost and 15% on cost

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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Charlestown Engineering Services Limited (Registered number: 01557430)

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

2. ACCOUNTING POLICIES - continued

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 6 (2022 - 5 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 1 January 2023 557,736 117,735 13,837
Additions - 37,010 -
Disposals - (18,500 ) -
At 31 December 2023 557,736 136,245 13,837
DEPRECIATION
At 1 January 2023 - 38,858 11,198
Charge for year - 14,609 2,639
At 31 December 2023 - 53,467 13,837
NET BOOK VALUE
At 31 December 2023 557,736 82,778 -
At 31 December 2022 557,736 78,877 2,639

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 January 2023 196,053 18,007 903,368
Additions 61,442 - 98,452
Disposals - - (18,500 )
At 31 December 2023 257,495 18,007 983,320
DEPRECIATION
At 1 January 2023 80,587 17,327 147,970
Charge for year 28,867 680 46,795
At 31 December 2023 109,454 18,007 194,765
NET BOOK VALUE
At 31 December 2023 148,041 - 788,555
At 31 December 2022 115,466 680 755,398

Charlestown Engineering Services Limited (Registered number: 01557430)

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

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 January 2023 66,500 92,590 159,090
Additions 34,510 61,442 95,952
Disposals (18,500 ) - (18,500 )
At 31 December 2023 82,510 154,032 236,542
DEPRECIATION
At 1 January 2023 9,240 - 9,240
Charge for year 10,991 23,148 34,139
At 31 December 2023 20,231 23,148 43,379
NET BOOK VALUE
At 31 December 2023 62,279 130,884 193,163
At 31 December 2022 57,260 92,590 149,850

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 269,459 294,814
Other debtors 102,082 220,173
371,541 514,987

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 197,599 154,724
Hire purchase contracts 45,498 27,154
Trade creditors 201,535 156,304
Taxation and social security 28,146 45,098
Other creditors 170,985 203,046
643,763 586,326

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans 39,760 79,476
Hire purchase contracts 116,186 119,481
155,946 198,957

Charlestown Engineering Services Limited (Registered number: 01557430)

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

8. SECURED DEBTS

The following secured debts are included within creditors:

31.12.23 31.12.22
£    £   
Bank overdrafts 176,964 154,724
Bank loans 60,395 79,476
Hire purchase contracts 161,684 146,635
399,043 380,835

9. RESERVES
Revaluation
reserve
£   
At 1 January 2023
and 31 December 2023 223,935