IRIS Accounts Production v24.3.0.553 10437893 director 1.4.23 31.3.24 31.3.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh104378932023-03-31104378932024-03-31104378932023-04-012024-03-31104378932022-03-31104378932022-04-012023-03-31104378932023-03-3110437893ns15:EnglandWales2023-04-012024-03-3110437893ns14:PoundSterling2023-04-012024-03-3110437893ns10:Director12023-04-012024-03-3110437893ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3110437893ns10:SmallEntities2023-04-012024-03-3110437893ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3110437893ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3110437893ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3110437893ns10:AbridgedAccounts2023-04-012024-03-311043789312023-04-012024-03-3110437893ns10:RegisteredOffice2023-04-012024-03-3110437893ns5:CurrentFinancialInstruments2024-03-3110437893ns5:CurrentFinancialInstruments2023-03-3110437893ns5:ShareCapital2024-03-3110437893ns5:ShareCapital2023-03-3110437893ns5:RetainedEarningsAccumulatedLosses2024-03-3110437893ns5:RetainedEarningsAccumulatedLosses2023-03-3110437893ns5:NetGoodwill2023-04-012024-03-3110437893ns5:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-3110437893ns5:PlantMachinery2023-04-012024-03-3110437893ns5:MotorVehicles2023-04-012024-03-3110437893ns5:ComputerEquipment2023-04-012024-03-31
REGISTERED NUMBER: 10437893 (England and Wales)















Churchfield Education Products Limited

Unaudited Financial Statements for the Year Ended 31 March 2024






Churchfield Education Products Limited (Registered number: 10437893)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Churchfield Education Products Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: J M Hamblett





REGISTERED OFFICE: St Mary's House
Crewe Road
Alsager
Stoke on Trent
ST7 2EW





REGISTERED NUMBER: 10437893 (England and Wales)





ACCOUNTANTS: Marshall Accountancy Ltd
St Mary's House
Crewe Road
Alsager
Stoke-On-Trent
ST7 2EW

Churchfield Education Products Limited (Registered number: 10437893)

Abridged Balance Sheet
31 March 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 4,845 40,722
4,845 40,722

CURRENT ASSETS
Stocks 244,750 115,000
Debtors 164,060 151,834
Cash at bank 35,768 40,784
444,578 307,618
CREDITORS
Amounts falling due within one year (367,710 ) (239,471 )
NET CURRENT ASSETS 76,868 68,147
TOTAL ASSETS LESS CURRENT
LIABILITIES

81,713

108,869

PROVISIONS FOR LIABILITIES (921 ) (7,737 )
NET ASSETS 80,792 101,132

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 80,692 101,032
SHAREHOLDERS' FUNDS 80,792 101,132

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

Churchfield Education Products Limited (Registered number: 10437893)

Abridged Balance Sheet - continued
31 March 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Profit and Loss and an abridged Balance Sheet for the year ended 31 March 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss has not been delivered.

The financial statements were approved by the director and authorised for issue on 26 October 2024 and were signed by:





J M Hamblett - Director


Churchfield Education Products Limited (Registered number: 10437893)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Churchfield Education Products 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2017, is being amortised evenly over its estimated useful life of four years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Office equipment - straight line over 3 years

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 Profit and Loss, 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 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.

Churchfield Education Products Limited (Registered number: 10437893)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued

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 10 (2023 - 10 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2023
and 31 March 2024 6,000
AMORTISATION
At 1 April 2023
and 31 March 2024 6,000
NET BOOK VALUE

At 31 March 2024 -
At 31 March 2023 -

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2023 80,944
Disposals (74,054 )
At 31 March 2024 6,890
DEPRECIATION
At 1 April 2023 40,222
Charge for year 6,627
Eliminated on disposal (44,804 )
At 31 March 2024 2,045
NET BOOK VALUE
At 31 March 2024 4,845
At 31 March 2023 40,722

Churchfield Education Products Limited (Registered number: 10437893)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

6. RELATED PARTY DISCLOSURES

2024 2023
£ £

Directors' loan account
Balance brought forward (39,956 ) (21,559 )
(Capital Introduced)/Drawings 3,364 (18,397 )
Dividends - -
Balance carried forward (36,592 ) (39,956 )