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REGISTERED NUMBER: 00331807 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

CHAS.STORER LIMITED

CHAS.STORER LIMITED (REGISTERED NUMBER: 00331807)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CHAS.STORER LIMITED

COMPANY INFORMATION
for the Year Ended 30 November 2023







DIRECTORS: Mr C R Curtis
Mr J P Curtis





SECRETARY: Mr J P Curtis





REGISTERED OFFICE: 6b Parkway
Porters Wood
St Albans
Hertfordshire
AL3 6PA





REGISTERED NUMBER: 00331807 (England and Wales)





ACCOUNTANTS: Chartswood Limited
Chartered Certified Accountants
6b Parkway
Porters Wood
St Albans
Hertfordshire
AL3 6PA

CHAS.STORER LIMITED (REGISTERED NUMBER: 00331807)

BALANCE SHEET
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 1,273,687 1,407,751
1,273,687 1,407,751

CURRENT ASSETS
Stocks 6 312,503 276,285
Debtors 7 2,607,475 2,038,802
Cash at bank and in hand 1,032,267 1,892,542
3,952,245 4,207,629
CREDITORS
Amounts falling due within one year 8 1,581,722 1,504,185
NET CURRENT ASSETS 2,370,523 2,703,444
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,644,210

4,111,195

CREDITORS
Amounts falling due after more than one
year

9

-

(28,336

)

PROVISIONS FOR LIABILITIES 11 (201,407 ) (240,372 )
NET ASSETS 3,442,803 3,842,487

CAPITAL AND RESERVES
Called up share capital 12 1,000 1,000
Retained earnings 13 3,441,803 3,841,487
SHAREHOLDERS' FUNDS 3,442,803 3,842,487

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

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.

CHAS.STORER LIMITED (REGISTERED NUMBER: 00331807)

BALANCE SHEET - continued
30 November 2023


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 November 2024 and were signed on its behalf by:





Mr C R Curtis - Director


CHAS.STORER LIMITED (REGISTERED NUMBER: 00331807)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

Chas.Storer 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 2006, is being amortised evenly over its estimated useful life of ten 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Short leasehold - Straight line over 10 years
Long leasehold - Straight line over 25 years
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% 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.

CHAS.STORER LIMITED (REGISTERED NUMBER: 00331807)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 November 2023

2. ACCOUNTING POLICIES - continued

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
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 transaction 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.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities
Basic financial liabilities, including creditors, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

CHAS.STORER LIMITED (REGISTERED NUMBER: 00331807)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 November 2023

2. ACCOUNTING POLICIES - continued

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.

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 32 (2022 - 30 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 December 2022
and 30 November 2023 40,000
AMORTISATION
At 1 December 2022
and 30 November 2023 40,000
NET BOOK VALUE
At 30 November 2023 -
At 30 November 2022 -

CHAS.STORER LIMITED (REGISTERED NUMBER: 00331807)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 November 2023

5. TANGIBLE FIXED ASSETS
Short Long Plant and
leasehold leasehold machinery
£    £    £   
COST
At 1 December 2022 9,736 26,375 2,777,915
Additions - - 33,691
Disposals - - -
At 30 November 2023 9,736 26,375 2,811,606
DEPRECIATION
At 1 December 2022 9,736 26,375 1,438,517
Charge for year - - 204,387
Eliminated on disposal - - -
At 30 November 2023 9,736 26,375 1,642,904
NET BOOK VALUE
At 30 November 2023 - - 1,168,702
At 30 November 2022 - - 1,339,398

Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 December 2022 70,492 562,978 3,447,496
Additions - 61,991 95,682
Disposals - (123,325 ) (123,325 )
At 30 November 2023 70,492 501,644 3,419,853
DEPRECIATION
At 1 December 2022 54,442 510,675 2,039,745
Charge for year 2,408 18,445 225,240
Eliminated on disposal - (118,819 ) (118,819 )
At 30 November 2023 56,850 410,301 2,146,166
NET BOOK VALUE
At 30 November 2023 13,642 91,343 1,273,687
At 30 November 2022 16,050 52,303 1,407,751

CHAS.STORER LIMITED (REGISTERED NUMBER: 00331807)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 November 2023

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 1 December 2022 480,906
Transfer to ownership (168,054 )
At 30 November 2023 312,852
DEPRECIATION
At 1 December 2022 155,482
Charge for year 24,227
Transfer to ownership (4,144 )
At 30 November 2023 175,565
NET BOOK VALUE
At 30 November 2023 137,287
At 30 November 2022 325,424

6. STOCKS
30.11.23 30.11.22
£    £   
Stocks 312,503 276,285

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors 808,679 1,863,025
Amounts owed by related company 998,969 -
Other debtors 59,489 29,766
Tax 56,061 -
Prepayments 654,488 110,189
Accrued income 29,789 35,822
2,607,475 2,038,802

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Hire purchase contracts (see note 10) 28,336 77,648
Trade creditors 562,978 454,800
Taxation 85,122 33,592
Social security and other taxes 44,083 43,982
Value added tax 27,984 180,871
Other creditors 787,385 379,120
Directors' current accounts 1,539 1,539
Accruals and deferred income 44,295 332,633
1,581,722 1,504,185

CHAS.STORER LIMITED (REGISTERED NUMBER: 00331807)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 November 2023

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.23 30.11.22
£    £   
Hire purchase contracts (see note 10) - 28,336

10. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
30.11.23 30.11.22
£    £   
Net obligations repayable:
Within one year 28,336 77,648
Between one and five years - 28,336
28,336 105,984


11. PROVISIONS FOR LIABILITIES
30.11.23 30.11.22
£    £   
Deferred tax
Accelerated capital allowances 201,407 240,372

Deferred
tax
£   
Balance at 1 December 2022 240,372
Credit to Profit and Loss Account during year (38,965 )
Balance at 30 November 2023 201,407

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.23 30.11.22
value: £    £   
1,000 Ordinary £1 1,000 1,000

13. RESERVES
Retained
earnings
£   

At 1 December 2022 3,841,487
Deficit for the year (399,684 )
At 30 November 2023 3,441,803

CHAS.STORER LIMITED (REGISTERED NUMBER: 00331807)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 November 2023

14. RELATED PARTY DISCLOSURES

The company sold services to C S Shredding Limited amounting to £Nil (2022: £33,658) on normal commercial terms. C S Shredding Limited is a company registered in England and under common ownership. At the balance sheet date, the company was owed £162,999 (2022: £162,999).