Registered number
10479544
Chambers Building & Decorating Ltd
Filleted Accounts
31 May 2024
Chambers Building & Decorating Ltd
Registered number: 10479544
Balance Sheet
as at 31 May 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 - 31,276
Current assets
Stocks - 58,698
Debtors 4 - 68,311
Cash at bank and in hand 48,881 64,817
48,881 191,826
Creditors: amounts falling due within one year 5 (48,881) (109,379)
Net current assets - 82,447
Net assets - 113,723
Capital and reserves
Called up share capital 200 200
Profit and loss account (200) 113,523
Shareholders' funds - 113,723
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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.
Neil Chambers
Director
Approved by the board on 3 October 2024
Chambers Building & Decorating Ltd
Notes to the Accounts
for the period from 1 April 2023 to 31 May 2024
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 includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services 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.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, 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. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. 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. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 5 6
3 Tangible fixed assets
Office equipment Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 April 2023 1,709 14,155 51,320 67,184
Additions 765 - 15,000 15,765
Disposals (2,474) (14,155) (66,320) (82,949)
At 31 May 2024 - - - -
Depreciation
At 1 April 2023 1,342 7,596 26,970 35,908
Charge for the period - (7,596) - (7,596)
On disposals (1,342) - (26,970) (28,312)
At 31 May 2024 - - - -
Net book value
At 31 May 2024 - - - -
At 31 March 2023 367 6,559 24,350 31,276
4 Debtors 2024 2023
£ £
Trade debtors - 67,128
Other debtors - 1,183
- 68,311
5 Creditors: amounts falling due within one year 2024 2023
£ £
Director current account (4,221) (21)
Taxation and social security costs 25,325 72,526
Other creditors 27,777 36,874
48,881 109,379
6 Other information
Chambers Building & Decorating Ltd is a private company limited by shares and incorporated in England. Its registered office is:
9 Tencery Orchard
Dunkeswell
Honiton
Devon
EX14 4QA
Chambers Building & Decorating Ltd 10479544 false 2023-04-01 2024-05-31 2024-05-31 VT Final Accounts April 2024 Neil Chambers No description of principal activity 10479544 2022-04-01 2023-03-31 10479544 core:WithinOneYear 2023-03-31 10479544 core:ShareCapital 2023-03-31 10479544 core:RetainedEarningsAccumulatedLosses 2023-03-31 10479544 2023-04-01 2024-05-31 10479544 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-05-31 10479544 bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-05-31 10479544 bus:Director40 2023-04-01 2024-05-31 10479544 1 2023-04-01 2024-05-31 10479544 2 2023-04-01 2024-05-31 10479544 core:LandBuildings 2023-04-01 2024-05-31 10479544 core:PlantMachinery 2023-04-01 2024-05-31 10479544 core:Vehicles 2023-04-01 2024-05-31 10479544 countries:England 2023-04-01 2024-05-31 10479544 bus:FRS102 2023-04-01 2024-05-31 10479544 bus:FilletedAccounts 2023-04-01 2024-05-31 10479544 2024-05-31 10479544 core:WithinOneYear 2024-05-31 10479544 core:ShareCapital 2024-05-31 10479544 core:RetainedEarningsAccumulatedLosses 2024-05-31 10479544 core:LandBuildings 2024-05-31 10479544 core:PlantMachinery 2024-05-31 10479544 core:Vehicles 2024-05-31 10479544 2023-03-31 10479544 core:LandBuildings 2023-03-31 10479544 core:PlantMachinery 2023-03-31 10479544 core:Vehicles 2023-03-31 iso4217:GBP xbrli:pure