Company Registration No. 07314628 (England and Wales)
Kevin Chorley Limited
Unaudited accounts
for the year ended 31 July 2024
Kevin Chorley Limited
Unaudited accounts
Contents
Kevin Chorley Limited
Company Information
for the year ended 31 July 2024
Company Number
07314628 (England and Wales)
Registered Office
7 Oakley Drive
Bromley
London
BR2 8PL
Accountants
Worthweld PT Limited
5 Field End
Maresfield
Uckfield
East Sussex
TN22 2DJ
Kevin Chorley Limited
Statement of financial position
as at 31 July 2024
Tangible assets
38,463
54,818
Cash at bank and in hand
1,997
13,889
Creditors: amounts falling due within one year
(43,506)
(46,177)
Net current assets
43,968
21,613
Total assets less current liabilities
82,431
76,431
Creditors: amounts falling due after more than one year
(51,340)
(50,751)
Called up share capital
1
1
Profit and loss account
31,090
25,679
Shareholders' funds
31,091
25,680
For the year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 30 October 2024 and were signed on its behalf by
K T Chorley
Director
Company Registration No. 07314628
Kevin Chorley Limited
Notes to the Accounts
for the year ended 31 July 2024
Kevin Chorley Limited is a private company, limited by shares, registered in England and Wales, registration number 07314628. The registered office is 7 Oakley Drive, Bromley, London, BR2 8PL.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, for work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% per anum on the reducing balance method
Motor vehicles
25% per anum on the reducing balance method
Computer equipment
20% per anum on the reducing balance method
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Kevin Chorley Limited
Notes to the Accounts
for the year ended 31 July 2024
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 August 2023
20,318
49,836
7,660
77,814
Disposals
(5,000)
-
-
(5,000)
At 31 July 2024
15,318
49,836
7,660
72,814
At 1 August 2023
15,828
1,038
6,130
22,996
Charge for the year
898
12,199
306
13,403
On disposals
(2,048)
-
-
(2,048)
At 31 July 2024
14,678
13,237
6,436
34,351
At 31 July 2024
640
36,599
1,224
38,463
At 31 July 2023
4,490
48,798
1,530
54,818
Carrying values included above held under finance leases and hire purchase contracts:
£
£
- Motor vehicles
36,599
48,798
Amounts falling due within one year
Trade debtors
48,263
23,162
Accrued income and prepayments
2,202
2,023
Other debtors
16,301
3,808
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
9,311
23,333
Obligations under finance leases and hire purchase contracts
7,739
7,739
Trade creditors
23,203
13,905
Taxes and social security
2,053
-
7
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
33,012
40,751
Kevin Chorley Limited
Notes to the Accounts
for the year ended 31 July 2024
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
9
Transactions with related parties
The company is controlled by the Director.
The Director was paid a dividend of £15000 during the year (2023: £0).
No transactions required reporting during the year.
10
Average number of employees
During the year the average number of employees was 1 (2023: 1).