Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-312023-04-01No description of principal activitytruefalse77falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 00207348 2023-04-01 2024-03-31 00207348 2022-04-01 2023-03-31 00207348 2024-03-31 00207348 2023-03-31 00207348 c:Director5 2023-04-01 2024-03-31 00207348 d:PlantMachinery 2023-04-01 2024-03-31 00207348 d:PlantMachinery 2024-03-31 00207348 d:PlantMachinery 2023-03-31 00207348 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 00207348 d:CurrentFinancialInstruments 2024-03-31 00207348 d:CurrentFinancialInstruments 2023-03-31 00207348 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 00207348 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 00207348 d:ShareCapital 2024-03-31 00207348 d:ShareCapital 2023-03-31 00207348 d:RetainedEarningsAccumulatedLosses 2024-03-31 00207348 d:RetainedEarningsAccumulatedLosses 2023-03-31 00207348 c:FRS102 2023-04-01 2024-03-31 00207348 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 00207348 c:FullAccounts 2023-04-01 2024-03-31 00207348 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 00207348 d:EntityControlledByKeyManagementPersonnel1 2023-04-01 2024-03-31 00207348 d:EntityControlledByKeyManagementPersonnel1 2022-04-01 2023-03-31 00207348 2 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 00207348









J. CHANDLER & COMPANY, LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
J. CHANDLER & COMPANY, LIMITED
REGISTERED NUMBER:00207348

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,338
1,574

  
1,338
1,574

Current assets
  

Stocks
  
62,164
71,735

Debtors: amounts falling due within one year
 5 
221,194
186,365

Cash at bank and in hand
  
1,481,522
1,378,163

  
1,764,880
1,636,263

Creditors: amounts falling due within one year
 6 
(372,864)
(249,270)

Net current assets
  
 
 
1,392,016
 
 
1,386,993

Total assets less current liabilities
  
1,393,354
1,388,567

  Provisions for liabilities
  

Deferred tax
  
(335)
(394)

Net assets
  
1,393,019
1,388,173


Capital and reserves
  

Called up share capital 
  
2,500
2,500

Retained earnings
  
1,390,519
1,385,673

Shareholders' funds
  
1,393,019
1,388,173


Page 1

 
J. CHANDLER & COMPANY, LIMITED
REGISTERED NUMBER:00207348
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The Company has opted not to file the Statement of Income and Retained Earnings in accordance with provisions applicable to companies subject to the small companies regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 





J C Joyce
Director

Date: 26 November 2024

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
J. CHANDLER & COMPANY, LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

J. Chandler & Company, Limited is a private company, limited by shares, domiciled and incorporated in England and Wales (registered number: 00207348). The registered office address is New Abbey House, Fyfield Road, Weyhill, Andover, SP11 8DN.
The Company's functional and presentational currency is GBP.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

The directors have made an assessment in preparing these financial statements as to whether the Company is a going concern and have concluded that there are no material uncertainties that may cast doubt on the Company's ability to continue as a going concern.

 
2.3

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Sale of goods

Turnover from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.
Page 3

 
J. CHANDLER & COMPANY, LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)


2.3
Turnover (continued)

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
15%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.6

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

Page 4

 
J. CHANDLER & COMPANY, LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.7

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the reporting date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Statement of Financial Position.

 
2.8

Financial instruments

Financial assets and financial liabilities are recognised in the Statement of Financial Position when the Company becomes a party to the contractual provisions of the instrument. 
Trade and other debtors and creditors are classified as basic financial instruments and measured on initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the Company will not be able to collect all amounts due.
Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank, short-term bank deposits with an original maturity of three months or less and bank overdrafts which are an integral part of the Company’s cash management.
Financial liabilities and equity instruments issued by the Company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities. Equity instruments issued by the Company are recorded at the proceeds received, net of direct issue costs.

Page 5

 
J. CHANDLER & COMPANY, LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.9

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the statement of financial position date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

 
2.10

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 7 (2023 - 7).

Page 6

 
J. CHANDLER & COMPANY, LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Tangible fixed assets





Plant and machinery

£



Cost


At 1 April 2023
6,558



At 31 March 2024

6,558



Depreciation


At 1 April 2023
4,984


Charge for the year
236



At 31 March 2024

5,220



Net book value



At 31 March 2024
1,338



At 31 March 2023
1,574


5.


Debtors

2024
2023
£
£


Trade debtors
180,061
183,673

Other debtors
15,126
2,692

Prepayments and accrued income
26,007
-

221,194
186,365


Page 7

 
J. CHANDLER & COMPANY, LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
334,831
220,693

Corporation tax
32,748
25,981

Other taxation and social security
540
21

Accruals and deferred income
4,745
2,575

372,864
249,270



7.


Related party transactions

The Company has taken advantage of the exemption in FRS 102 Section 33.1A to not disclose transactions with wholly owned group entities.
During the year, dividends were paid to the directors totalling £54,440 
(2023 - £35,726).


8.


Controlling party

The directors do not consider there to be an ultimate controlling party.

 
Page 8