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REGISTERED NUMBER: 07187863 (England and Wales)





















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

CHETLAND INDUSTRIES LIMITED

CHETLAND INDUSTRIES LIMITED (REGISTERED NUMBER: 07187863)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


CHETLAND INDUSTRIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: J S Guest
Mrs A Chetland





REGISTERED OFFICE: Units 25 & 26 Harris Business Park
Hanbury Road
Stoke Prior
Bromsgrove
Worcestershire
B60 4BD





REGISTERED NUMBER: 07187863 (England and Wales)





ACCOUNTANTS: Prince Accountancy
Chartered Certified Accountants
Charter House
Sandford Street
Lichfield
Staffordshire
WS13 6QA

CHETLAND INDUSTRIES LIMITED (REGISTERED NUMBER: 07187863)

ABRIDGED BALANCE SHEET
30 APRIL 2024

30/4/24 30/4/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 12,875 12,035

CURRENT ASSETS
Stocks 28,751 25,436
Debtors 185,439 183,450
Cash at bank and in hand 127,814 111,955
342,004 320,841
CREDITORS
Amounts falling due within one year 188,446 176,166
NET CURRENT ASSETS 153,558 144,675
TOTAL ASSETS LESS CURRENT
LIABILITIES

166,433

156,710

PROVISIONS FOR LIABILITIES 3,219 3,009
NET ASSETS 163,214 153,701

CAPITAL AND RESERVES
Called up share capital 5 300 300
Retained earnings 162,914 153,401
SHAREHOLDERS' FUNDS 163,214 153,701

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 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.

CHETLAND INDUSTRIES LIMITED (REGISTERED NUMBER: 07187863)

ABRIDGED BALANCE SHEET - continued
30 APRIL 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 April 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 June 2024 and were signed on its behalf by:




Mrs A Chetland - Director



J S Guest - Director


CHETLAND INDUSTRIES LIMITED (REGISTERED NUMBER: 07187863)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

Chetland Industries 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.
Plant and machinery etc - 25% on reducing balance

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

CHETLAND INDUSTRIES LIMITED (REGISTERED NUMBER: 07187863)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 May 2023 44,877
Additions 5,135
At 30 April 2024 50,012
DEPRECIATION
At 1 May 2023 32,842
Charge for year 4,295
At 30 April 2024 37,137
NET BOOK VALUE
At 30 April 2024 12,875
At 30 April 2023 12,035

5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30/4/24 30/4/23
value: £    £   
300 Ordinary £1 300 300