CHASE FIBRE LTD

Company Registration Number:
13893134 (England and Wales)

Unaudited statutory accounts for the year ended 28 February 2024

Period of accounts

Start date: 1 March 2023

End date: 28 February 2024

CHASE FIBRE LTD

Contents of the Financial Statements

for the Period Ended 28 February 2024

Balance sheet
Additional notes
Balance sheet notes

CHASE FIBRE LTD

Balance sheet

As at 28 February 2024

Notes 2024 13 months to 28 February 2023


£

£
Fixed assets
Tangible assets: 3 417,044 148,033
Total fixed assets: 417,044 148,033
Current assets
Debtors: 4 115,356 247,245
Cash at bank and in hand: 83,141 103,007
Total current assets: 198,497 350,252
Prepayments and accrued income: 40,317 10,510
Creditors: amounts falling due within one year: 5 ( 190,054 ) ( 213,143 )
Net current assets (liabilities): 48,760 147,619
Total assets less current liabilities: 465,804 295,652
Creditors: amounts falling due after more than one year: 6 ( 70,375 )
Provision for liabilities: ( 74,474 )
Total net assets (liabilities): 320,955 295,652
Capital and reserves
Called up share capital: 160 100
Profit and loss account: 320,795 295,552
Total Shareholders' funds: 320,955 295,652

The notes form part of these financial statements

CHASE FIBRE LTD

Balance sheet statements

For the year ending 28 February 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 27 August 2024
and signed on behalf of the board by:

Name: Andrew Weeks
Status: Director

The notes form part of these financial statements

CHASE FIBRE LTD

Notes to the Financial Statements

for the Period Ended 28 February 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover represents amounts receivable for services net of VAT and trade discounts

    Tangible fixed assets depreciation policy

    Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives: Plant & machinery 25% Reducing Balance Office equipment 25% Reducing Balance Motor Vehicles 25% Reducing Balance

    Other accounting policies

    Hire purchase Assets Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.

CHASE FIBRE LTD

Notes to the Financial Statements

for the Period Ended 28 February 2024

  • 2. Employees

    2024 13 months to 28 February 2023
    Average number of employees during the period 2 2

CHASE FIBRE LTD

Notes to the Financial Statements

for the Period Ended 28 February 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 March 2023 83,204 0 4,527 109,648 197,379
Additions 166,151 1,939 3,199 186,305 357,594
Disposals
Revaluations
Transfers
At 28 February 2024 249,355 1,939 7,726 295,953 554,973
Depreciation
At 1 March 2023 20,801 1,133 27,412 49,346
Charge for year 39,988 1,403 47,192 88,583
On disposals
Other adjustments
At 28 February 2024 60,789 2,536 74,604 137,929
Net book value
At 28 February 2024 188,566 1,939 5,190 221,349 417,044
At 28 February 2023 62,403 0 3,394 82,236 148,033

CHASE FIBRE LTD

Notes to the Financial Statements

for the Period Ended 28 February 2024

4. Debtors

2024 13 months to 28 February 2023
£ £
Trade debtors 84,970 84,134
Other debtors 30,386 163,111
Total 115,356 247,245

CHASE FIBRE LTD

Notes to the Financial Statements

for the Period Ended 28 February 2024

5. Creditors: amounts falling due within one year note

2024 13 months to 28 February 2023
£ £
Amounts due under finance leases and hire purchase contracts 27,576
Trade creditors 66,511 4,952
Taxation and social security 21,415 29,536
Accruals and deferred income 20,283 88,722
Other creditors 54,269 89,933
Total 190,054 213,143

CHASE FIBRE LTD

Notes to the Financial Statements

for the Period Ended 28 February 2024

6. Creditors: amounts falling due after more than one year note

2024
£
Amounts due under finance leases and hire purchase contracts 70,375
Total 70,375