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REGISTERED NUMBER: 05248095 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

CHELSFIELD MOTOR WORKS LIMITED

CHELSFIELD MOTOR WORKS LIMITED (REGISTERED NUMBER: 05248095)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CHELSFIELD MOTOR WORKS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTOR: T Lord





REGISTERED OFFICE: 5 White Oak Square
London Road
Swanley
Kent
BR8 7AG





REGISTERED NUMBER: 05248095 (England and Wales)





ACCOUNTANTS: Sargeant Partnership LLP
Chartered Accountants
5 White Oak Square
London Road
Swanley
Kent
BR8 7AG

CHELSFIELD MOTOR WORKS LIMITED (REGISTERED NUMBER: 05248095)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 15,695 16,406

CURRENT ASSETS
Stocks 1,841 1,815
Debtors 5 17,213 28,485
Cash at bank and in hand 147,296 118,243
166,350 148,543
CREDITORS
Amounts falling due within one year 6 77,142 71,445
NET CURRENT ASSETS 89,208 77,098
TOTAL ASSETS LESS CURRENT
LIABILITIES

104,903

93,504

CREDITORS
Amounts falling due after more than one
year

7

16,001

24,000
NET ASSETS 88,902 69,504

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 88,802 69,404
SHAREHOLDERS' FUNDS 88,902 69,504

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 director acknowledges his 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.

CHELSFIELD MOTOR WORKS LIMITED (REGISTERED NUMBER: 05248095)

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.

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

The financial statements were approved by the director and authorised for issue on 31 October 2024 and were signed by:





T Lord - Director


CHELSFIELD MOTOR WORKS LIMITED (REGISTERED NUMBER: 05248095)

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

1. STATUTORY INFORMATION

Chelsfield Motor Works 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 represents net invoiced sales of goods and services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 20% per annum on reducing balance
Short leasehold - 20% per annum on reducing balance
Plant and machinery - 33% per annum on reducing balance
Fixtures, Fittings and Office
Equipment

-

33% per annum on reducing balance
Motor vehicles - 25% per annum on reducing balance

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

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


CHELSFIELD MOTOR WORKS LIMITED (REGISTERED NUMBER: 05248095)

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

2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Freehold Short Plant and
property leasehold machinery
£    £    £   
COST
At 1 May 2023 - 34,878 44,967
Additions 4,200 - -
At 30 April 2024 4,200 34,878 44,967
DEPRECIATION
At 1 May 2023 - 33,921 38,740
Charge for year - 191 2,055
At 30 April 2024 - 34,112 40,795
NET BOOK VALUE
At 30 April 2024 4,200 766 4,172
At 30 April 2023 - 957 6,227

CHELSFIELD MOTOR WORKS LIMITED (REGISTERED NUMBER: 05248095)

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

4. TANGIBLE FIXED ASSETS - continued

Fixtures,
Fittings
and
Office Motor
Equipment vehicles Totals
£    £    £   
COST
At 1 May 2023 7,749 23,725 111,319
Additions - - 4,200
At 30 April 2024 7,749 23,725 115,519
DEPRECIATION
At 1 May 2023 3,248 19,004 94,913
Charge for year 1,485 1,180 4,911
At 30 April 2024 4,733 20,184 99,824
NET BOOK VALUE
At 30 April 2024 3,016 3,541 15,695
At 30 April 2023 4,501 4,721 16,406

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 6,080 7,094
Other debtors 11,133 21,391
17,213 28,485

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 7,333 8,000
Trade creditors 20,473 20,799
Taxation and social security 41,879 32,675
Other creditors 7,457 9,971
77,142 71,445

CHELSFIELD MOTOR WORKS LIMITED (REGISTERED NUMBER: 05248095)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans 16,001 24,000

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
90 Ordinary £1 90 90
10 Ordinary A £1 10 10
100 100

9. RESERVES
Retained
earnings
£   

At 1 May 2023 69,404
Profit for the year 85,898
Dividends (66,500 )
At 30 April 2024 88,802

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date the company owed T Lord £14 (2023 : T Lord owed the company £12,486).

11. RELATED PARTY DISCLOSURES

During the year dividends were paid to director, T Lord, of £39,900 (2023: £40,920) and dividends paid to other shareholders, who were not directors of £26,600 (2022: £27,280).