Chesterton Commercial (Nettlebed) Limited
Registered number: 09193530
Balance Sheet
as at 29 February 2024
Notes 2024 2023
£ £
Current assets
Debtors 3 583,147 591,942
Cash at bank and in hand - 176
583,147 592,118
Creditors: amounts falling due within one year 4 (492,447) (491,581)
Net current assets 90,700 100,537
Total assets less current liabilities 90,700 100,537
Creditors: amounts falling due after more than one year 5 (23,379) (33,140)
Net assets 67,321 67,397
Capital and reserves
Called up share capital 1 1
Profit and loss account 67,320 67,396
Shareholder's funds 67,321 67,397
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 his 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.
GN Bryant
Director
Approved by the board on 30 October 2024
Chesterton Commercial (Nettlebed) Limited
Notes to the Accounts
for the year ended 29 February 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. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, 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 are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Debtors 2024 2023
£ £
Amounts owed by group undertakings and undertakings in which the company has a participating interest 393,654 402,449
Other debtors 189,493 189,493
583,147 591,942
4 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 6 -
Amounts owed to group undertakings and undertakings in which the company has a participating interest 492,441 491,581
492,447 491,581
5 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 23,379 33,140
6 Other information
Chesterton Commercial (Nettlebed) Limited is a private company limited by shares and incorporated in England. Its registered office is:
9 Chalfont Court
Lower Earley
Reading
RG6 5SY
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