Registered number
05790337
E. Chapman Limited
Unaudited Filleted Accounts
31 March 2024
E. Chapman Limited
Registered number: 05790337
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 4 73 61
Current assets
Debtors 5 60,280 55,781
Cash at bank and in hand 337,052 330,233
397,332 386,014
Creditors: amounts falling due within one year 6 (65,228) (31,146)
Net current assets 332,104 354,868
Total assets less current liabilities 332,177 354,929
Provisions for liabilities (14) (12)
Net assets 332,163 354,917
Capital and reserves
Called up share capital 1 1
Profit and loss account 332,162 354,916
Shareholder's funds 332,163 354,917
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her 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.
E. Chapman
Director
Approved by the board on 7 November 2024
E. Chapman Limited
Notes to the Accounts
for the year ended 31 March 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 7 years
Fixtures, fittings, tools and equipment over 2-5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), 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, other than loans from the director, 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. 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. 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. Current and deferred tax liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Intangible fixed assets £
Website:
Cost
At 1 April 2023 5,035
At 31 March 2024 5,035
Amortisation
At 1 April 2023 5,035
At 31 March 2024 5,035
Net book value
At 31 March 2024 -
The website was being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 April 2023 32,565 8,286 40,851
Additions - 110 110
Disposals - (304) (304)
At 31 March 2024 32,565 8,092 40,657
Depreciation
At 1 April 2023 32,565 8,225 40,790
Charge for the year - 98 98
On disposals - (304) (304)
At 31 March 2024 32,565 8,019 40,584
Net book value
At 31 March 2024 - 73 73
At 31 March 2023 - 61 61
5 Debtors 2024 2023
£ £
Trade debtors 55,511 53,042
Other debtors 4,769 2,739
60,280 55,781
6 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 16,519 23,095
Other creditors 48,709 8,051
65,228 31,146
7 Other information
E. Chapman Limited is a private company limited by shares and incorporated in England. Its registered office is:
Clearways Accountants
Clearways
Colley Way
Reigate
RH2 9JH
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