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Registration number: 05677767

Chapsmith Services Ltd.

Annual Report and Unaudited Financial Statements

for the Year Ended 31 March 2023

 

Chapsmith Services Ltd.

Contents

Company Information

1

Accountants' Report

2

Profit and Loss Account

3

Balance Sheet

4 to 5

Notes to the Unaudited Financial Statements

4

Detailed Profit and Loss Account

6 to 7

 

Chapsmith Services Ltd.

Company Information

Director

Mr W A Smith

Registered office

Old Orchard Farm The Heath
Bluntisham
Huntingdon
Cambridgeshire
PE28 3LH

Accountants

D A Green & Sons
Chartered Certified Accountants
12 The Broadway
The Broadway
St Ives
Cambridgeshire
PE27 5BN

 

Chartered Certified Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Chapsmith Services Ltd.
for the Year Ended 31 March 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Chapsmith Services Ltd. for the year ended 31 March 2023 as set out on pages 3 to 5 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/gb/en/member/standards/rules-and-standards/rulebook.html.

This report is made solely to the Board of Directors of Chapsmith Services Ltd., as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Chapsmith Services Ltd. and state those matters that we have agreed to state to the Board of Directors of Chapsmith Services Ltd., as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/gb/en/technical-activities/technical-resources-search/2009/
october/factsheet-163-audit-exempt-companies.html. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Chapsmith Services Ltd. and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Chapsmith Services Ltd. has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Chapsmith Services Ltd.. You consider that Chapsmith Services Ltd. is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Chapsmith Services Ltd.. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

D A Green & Sons
Chartered Certified Accountants
12 The Broadway
The Broadway
St Ives
Cambridgeshire
PE27 5BN

21 October 2024

 

Chapsmith Services Ltd.

Profit and Loss Account for the Year Ended 31 March 2023

2023
£

2022
£

Turnover

58,121

75,099

Cost of raw materials and consumables

(31,326)

(33,357)

Depreciation and other amounts written off assets

(1,088)

(1,537)

Other charges

(11,773)

(19,702)

Profit before tax

13,934

20,503

Tax on profit

(2,203)

(3,896)

Profit for the year

11,731

16,607

 

Chapsmith Services Ltd.

(Registration number: 05677767)
Balance Sheet as at 31 March 2023

2023
£

2022
£

Fixed assets

3,263

4,351

Current assets

24,924

46,056

Creditors: Amounts falling due within one year

(17,381)

(16,505)

Net current assets

7,543

29,551

Total assets less current liabilities

10,806

33,902

Creditors: Amounts falling due after more than one year

-

(32,000)

Provisions for liabilities

-

(827)

Accruals and deferred income

(1,000)

(1,000)

 

9,806

75

Capital and reserves

9,806

75

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Old Orchard Farm The Heath
Bluntisham
Huntingdon
Cambridgeshire
PE28 3LH

These financial statements were authorised for issue by the director on 21 October 2024.

Basis of preparation

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime'.

2

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2022 - 1).

 

Chapsmith Services Ltd.

(Registration number: 05677767)
Balance Sheet as at 31 March 2023

For the financial year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the micro-entity provisions of the Companies Act 2006 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Approved and authorised by the director on 21 October 2024
 

.........................................
Mr W A Smith
Director

 

Chapsmith Services Ltd.

Detailed Profit and Loss Account for the Year Ended 31 March 2023

2023
 £

2022
 £

turnover (analysed below)

58,121

75,099

Cost of sales (analysed below)

(31,326)

(33,357)

Gross profit

26,795

41,742

Gross profit (%)

46.1%

55.58%

Administrative expenses

Establishment costs (analysed below)

6,475

12,743

General administrative expenses (analysed below)

5,298

6,959

Depreciation costs (analysed below)

1,088

1,537

12,861

21,239

Operating profit

13,934

20,503

Profit before tax

13,934

20,503

 

Chapsmith Services Ltd.

Detailed Profit and Loss Account for the Year Ended 31 March 2023

2023
£

2022
£

   

Turnover

Sales - Skips and recycling

-

41,813

Sales and work done

51,049

24,814

Rent receivable

7,072

8,472

58,121

75,099

   

Cost of sales

Materials

(31,326)

(33,357)

   

Establishment costs

Rent

-

10,395

Light, heat and power

-

2,348

Insurance

1,275

-

Repairs and maintenance

5,200

-

6,475

12,743

   

General administrative expenses

Telephone and fax

1,424

137

Motor expenses

1,593

3,034

Travel and subsistence

2,162

-

Accountancy fees

1,000

1,000

Legal and professional fees

368

2,788

Bad debts written off

(1,249)

-

5,298

6,959

   

Depreciation costs

Depreciation of fixtures and fittings (owned)

-

79

Depreciation of motor vehicles (owned)

1,088

1,458

1,088

1,537