Registered number
07203541
M Chambers Limited
Filleted Accounts
31 March 2024
M Chambers Limited
Company Information
Director
Dr E M C Chambers
Dr R Chambers
Accountants
Anderson Griffin
Rotunda Buildings
Montpellier Exchange
Cheltenham
Glos
Trading addresss
Lords Hill
The Village
Ashleworth
Glos
Registered office
261 Hatherley Road
Cheltenham
Glos
Registered number
07203541
M Chambers Limited
Registered number: 07203541
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 23,221 27,493
Current assets
Debtors 4 804 5,533
Cash at bank and in hand 13,393 947
14,197 6,480
Creditors: amounts falling due within one year 5 (16,326) (13,797)
Net current liabilities (2,129) (7,317)
Total assets less current liabilities 21,092 20,176
Creditors: amounts falling due after more than one year 6 (30,689) (26,166)
Net liabilities (9,597) (5,990)
Capital and reserves
Called up share capital 100 100
Profit and loss account (9,697) (6,090)
Shareholder's funds (9,597) (5,990)
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.
Dr E M C Chambers
Director
Approved by the board on 30 November 2024
M Chambers 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. 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.
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:
Leasehold land and buildings nil
Fixtures, fittings and equipment 25% reducing balance
Motor vehicles 25% reducing balance
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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Leasehold land and buildings Fixtures, fittings and equipment Motor vehicles Total
£ £ £ £
Cost
At 1 April 2023 10,391 7,364 26,925 44,680
At 31 March 2024 10,391 7,364 26,925 44,680
Depreciation
At 1 April 2023 - 5,407 11,780 17,187
Charge for the year - 487 3,785 4,272
At 31 March 2024 - 5,894 15,565 21,459
Net book value
At 31 March 2024 10,391 1,470 11,360 23,221
At 31 March 2023 10,391 1,957 15,145 27,493
4 Debtors 2024 2023
£ £
Trade debtors 804 2,993
Other debtors - 2,540
804 5,533
5 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 2,284 2,371
Other creditors 14,042 11,426
16,326 13,797
6 Creditors: amounts falling due after one year 2024 2023
£ £
Directors loan 30,689 26,166
7 Controlling party
The company is controlled by the directors.
8 Other information
M Chambers Limited is a private company limited by shares and incorporated in England. Its registered office is:
261 Hatherley Road
Cheltenham
Glos
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