REGISTERED NUMBER: |
FINANCIAL STATEMENTS |
FOR THE PERIOD |
7 FEBRUARY 2023 TO 28 FEBRUARY 2024 |
FOR |
CHESTER GRIMA LIMITED |
REGISTERED NUMBER: |
FINANCIAL STATEMENTS |
FOR THE PERIOD |
7 FEBRUARY 2023 TO 28 FEBRUARY 2024 |
FOR |
CHESTER GRIMA LIMITED |
CHESTER GRIMA LIMITED (REGISTERED NUMBER: 14645108) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE PERIOD 7 FEBRUARY 2023 TO 28 FEBRUARY 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
CHESTER GRIMA LIMITED |
COMPANY INFORMATION |
FOR THE PERIOD 7 FEBRUARY 2023 TO 28 FEBRUARY 2024 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
Fulford House |
Newbold Terrace |
Leamington Spa |
Warwickshire |
CV32 4EA |
CHESTER GRIMA LIMITED (REGISTERED NUMBER: 14645108) |
BALANCE SHEET |
28 FEBRUARY 2024 |
Notes | £ |
CURRENT ASSETS |
Stocks |
Debtors | 4 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 5 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
6 |
NET LIABILITIES | ( |
) |
CAPITAL AND RESERVES |
Called up and paid share capital |
Retained earnings | ( |
) |
( |
) |
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. |
CHESTER GRIMA LIMITED (REGISTERED NUMBER: 14645108) |
BALANCE SHEET - continued |
28 FEBRUARY 2024 |
The financial statements were approved by the Board of Directors and authorised for issue on |
CHESTER GRIMA LIMITED (REGISTERED NUMBER: 14645108) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE PERIOD 7 FEBRUARY 2023 TO 28 FEBRUARY 2024 |
1. | STATUTORY INFORMATION |
Chester Grima Limited is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Stocks |
Stocks are valued at the lower of cost and net realisable value. The cost of work in progress and finished projects includes all development costs and the attributable proportion of indirect overheads based on normal levels of activity. Work in progress is valued at the lower of these costs and net realisable value, with net realisable value being based on estimated selling price less the estimated cost of disposal. |
Financial instruments |
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transactions is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. |
Taxation |
Taxation for the period 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 period 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. |
CHESTER GRIMA LIMITED (REGISTERED NUMBER: 14645108) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 7 FEBRUARY 2023 TO 28 FEBRUARY 2024 |
2. | ACCOUNTING POLICIES - continued |
Going concern |
The financial statements have been prepared on the going concern basis, on the understanding that the company will receive continued support from its directors and creditors for a period of at least 12 months from the date of these financial statements. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was |
4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
VAT |
5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Trade creditors |
Amounts owed to group undertakings |
Other creditors |
Accruals and deferred income |
6. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
£ |
Bank loans - 1-2 years |
7. | SECURED DEBTS |
The loans are secured by way of fixed charges on all properties and assets of the company. |
8. | RELATED PARTY DISCLOSURES |
The company has taken advantage of the exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned group members. |
Included in other creditors are amounts owing of £325,000 to a company under the control of a directors. |
These loans are interest free and repayable on demand. |