IRIS Accounts Production v24.3.0.553 08399943 director 1.3.23 29.2.24 29.2.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh083999432023-02-28083999432024-02-29083999432023-03-012024-02-29083999432022-02-28083999432022-03-012023-02-28083999432023-02-2808399943ns15:EnglandWales2023-03-012024-02-2908399943ns14:PoundSterling2023-03-012024-02-2908399943ns10:Director12023-03-012024-02-2908399943ns10:PrivateLimitedCompanyLtd2023-03-012024-02-2908399943ns10:SmallEntities2023-03-012024-02-2908399943ns10:AuditExemptWithAccountantsReport2023-03-012024-02-2908399943ns10:SmallCompaniesRegimeForDirectorsReport2023-03-012024-02-2908399943ns10:SmallCompaniesRegimeForAccounts2023-03-012024-02-2908399943ns10:FullAccounts2023-03-012024-02-290839994312023-03-012024-02-2908399943ns10:CompanySecretary12023-03-012024-02-2908399943ns10:RegisteredOffice2023-03-012024-02-2908399943ns5:CurrentFinancialInstruments2024-02-2908399943ns5:CurrentFinancialInstruments2023-02-2808399943ns5:ShareCapital2024-02-2908399943ns5:ShareCapital2023-02-2808399943ns5:RetainedEarningsAccumulatedLosses2024-02-2908399943ns5:RetainedEarningsAccumulatedLosses2023-02-2808399943ns5:NetGoodwill2023-03-012024-02-2908399943ns5:IntangibleAssetsOtherThanGoodwill2023-03-012024-02-2908399943ns5:PlantMachinery2023-03-012024-02-2908399943ns5:FurnitureFittings2023-03-012024-02-2908399943ns5:MotorVehicles2023-03-012024-02-2908399943ns5:ComputerEquipment2023-03-012024-02-2908399943ns5:NetGoodwill2023-02-2808399943ns5:NetGoodwill2024-02-2908399943ns5:NetGoodwill2023-02-2808399943ns5:LeaseholdImprovements2023-02-2808399943ns5:PlantMachinery2023-02-2808399943ns5:FurnitureFittings2023-02-2808399943ns5:LeaseholdImprovements2023-03-012024-02-2908399943ns5:LeaseholdImprovements2024-02-2908399943ns5:PlantMachinery2024-02-2908399943ns5:FurnitureFittings2024-02-2908399943ns5:LeaseholdImprovements2023-02-2808399943ns5:PlantMachinery2023-02-2808399943ns5:FurnitureFittings2023-02-2808399943ns5:MotorVehicles2023-02-2808399943ns5:ComputerEquipment2023-02-2808399943ns5:MotorVehicles2024-02-2908399943ns5:ComputerEquipment2024-02-2908399943ns5:MotorVehicles2023-02-2808399943ns5:ComputerEquipment2023-02-2808399943ns5:CostValuation2023-02-2808399943ns5:WithinOneYearns5:CurrentFinancialInstruments2024-02-2908399943ns5:WithinOneYearns5:CurrentFinancialInstruments2023-02-2808399943ns5:DeferredTaxation2023-02-2808399943ns5:DeferredTaxation2023-03-012024-02-2908399943ns5:DeferredTaxation2024-02-29
REGISTERED NUMBER: 08399943 (England and Wales)















Unaudited Financial Statements

for the Year Ended 29 February 2024

for

Chapel PO Ltd

Chapel PO Ltd (Registered number: 08399943)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4

Chartered Accountants' Report 8

Chapel PO Ltd

Company Information
for the Year Ended 29 February 2024







DIRECTOR: J D T Boothman





SECRETARY: J D T Boothman





REGISTERED OFFICE: 5 Market Place
Chapel En Le Frith
Derbyshire
SK23 0EW





REGISTERED NUMBER: 08399943 (England and Wales)





ACCOUNTANTS: Stirk Lambert & Co
Chartered Accountants
Russell Chambers
61a North Street
Keighley
West Yorkshire
BD21 3DS

Chapel PO Ltd (Registered number: 08399943)

Statement of Financial Position
29 February 2024

29.2.24 28.2.23
Notes £    £   
FIXED ASSETS
Intangible assets 5 - -
Tangible assets 6 53,383 34,590
Investments 7 22,273 22,273
75,656 56,863

CURRENT ASSETS
Stocks 12,000 12,000
Debtors 8 5,414 3,845
Cash at bank and in hand 24,759 23,412
42,173 39,257
CREDITORS
Amounts falling due within one year 9 (86,169 ) (77,719 )
NET CURRENT LIABILITIES (43,996 ) (38,462 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

31,660

18,401

PROVISIONS FOR LIABILITIES 10 (6,501 ) (2,876 )
NET ASSETS 25,159 15,525

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 25,059 15,425
SHAREHOLDERS' FUNDS 25,159 15,525

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

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 Statement of Income and Retained Earnings has not been delivered.

Chapel PO Ltd (Registered number: 08399943)

Statement of Financial Position - continued
29 February 2024



The financial statements were approved by the director and authorised for issue on 20 November 2024 and were signed by:





J D T Boothman - Director


Chapel PO Ltd (Registered number: 08399943)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Chapel PO Ltd 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents the amounts received or receivable for goods and services provided to customers, excluding VAT.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2013, 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.
Plant & machinery - 25% on reducing balance
Fixtures & fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.


Chapel PO Ltd (Registered number: 08399943)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

3. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2023 - 9 ) .

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 March 2023
and 29 February 2024 102,500
AMORTISATION
At 1 March 2023
and 29 February 2024 102,500
NET BOOK VALUE
At 29 February 2024 -
At 28 February 2023 -

Chapel PO Ltd (Registered number: 08399943)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

6. TANGIBLE FIXED ASSETS
Improvements
to Plant & Fixtures
property machinery & fittings
£    £    £   
COST
At 1 March 2023 19,165 30,105 16,963
Additions - - -
Disposals - - -
At 29 February 2024 19,165 30,105 16,963
DEPRECIATION
At 1 March 2023 - 23,554 14,975
Charge for year - 1,638 497
Eliminated on disposal - - -
At 29 February 2024 - 25,192 15,472
NET BOOK VALUE
At 29 February 2024 19,165 4,913 1,491
At 28 February 2023 19,165 6,551 1,988

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 March 2023 22,124 2,244 90,601
Additions 36,000 - 36,000
Disposals (18,329 ) - (18,329 )
At 29 February 2024 39,795 2,244 108,272
DEPRECIATION
At 1 March 2023 15,944 1,538 56,011
Charge for year 9,096 177 11,408
Eliminated on disposal (12,530 ) - (12,530 )
At 29 February 2024 12,510 1,715 54,889
NET BOOK VALUE
At 29 February 2024 27,285 529 53,383
At 28 February 2023 6,180 706 34,590

Chapel PO Ltd (Registered number: 08399943)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

7. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 March 2023
and 29 February 2024 22,273
NET BOOK VALUE
At 29 February 2024 22,273
At 28 February 2023 22,273

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 604 236
Prepayments & accrued income 4,810 3,609
5,414 3,845

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Social security and other taxes 7,869 5,384
Other creditors 77,000 70,890
Accrued expenses 1,300 1,445
86,169 77,719

10. PROVISIONS FOR LIABILITIES
29.2.24 28.2.23
£    £   
Deferred tax 6,501 2,876

Deferred
tax
£   
Balance at 1 March 2023 2,876
Provided during year 3,625
Charge Profit and Loss Account
Balance at 29 February 2024 6,501

11. ULTIMATE CONTROLLING PARTY

The controlling party is J D T Boothman.

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Chapel PO Ltd

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Chapel PO Ltd for the year ended 29 February 2024 which comprise the Statement of Income and Retained Earnings, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Chapel PO Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Chapel PO Ltd and state those matters that we have agreed to state to the director of Chapel PO Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Chapel PO Ltd and its director for our work or for this report.

It is your duty to ensure that Chapel PO Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Chapel PO Ltd. You consider that Chapel PO Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Chapel PO Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Stirk Lambert & Co
Chartered Accountants
Russell Chambers
61a North Street
Keighley
West Yorkshire
BD21 3DS


20 November 2024