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REGISTERED NUMBER: 07800781 (England and Wales)











FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

CW CHAPMAN & SON LTD

CW CHAPMAN & SON LTD (REGISTERED NUMBER: 07800781)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CW CHAPMAN & SON LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: P R Chapman
S A Chapman
B P Chapman





SECRETARY: P R Chapman





REGISTERED OFFICE: Medina House
2 Station Avenue
Bridlington
East Yorkshire
YO16 4LZ





REGISTERED NUMBER: 07800781 (England and Wales)





ACCOUNTANTS: Lloyd Dowson Limited
Medina House
2 Station Avenue
Bridlington
East Yorkshire
YO16 4LZ

CW CHAPMAN & SON LTD (REGISTERED NUMBER: 07800781)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 93,443 49,389

CURRENT ASSETS
Stocks 125,340 116,469
Debtors 5 8,143 1,365
Cash at bank 53,411 45,109
186,894 162,943
CREDITORS
Amounts falling due within one year 6 65,441 53,172
NET CURRENT ASSETS 121,453 109,771
TOTAL ASSETS LESS CURRENT
LIABILITIES

214,896

159,160

CREDITORS
Amounts falling due after more than one
year

7

(79,837

)

(47,752

)

PROVISIONS FOR LIABILITIES (19,428 ) (8,234 )
NET ASSETS 115,631 103,174

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 115,531 103,074
SHAREHOLDERS' FUNDS 115,631 103,174

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

CW CHAPMAN & SON LTD (REGISTERED NUMBER: 07800781)

BALANCE SHEET - continued
31 MARCH 2024


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.

The financial statements were approved by the Board of Directors and authorised for issue on 3 December 2024 and were signed on its behalf by:




P R Chapman - Director



S A Chapman - Director


CW CHAPMAN & SON LTD (REGISTERED NUMBER: 07800781)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

CW Chapman & Son 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. 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 represents income generated from farming, and is recognised on supply of goods and services.

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.
Property improvements - 2% on cost
Plant and machinery - 15% on reducing balance
Tractors - 20% 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.

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 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to statement of income and retained earnings over the relevant period. The capital element of the future payments is treated as a liability.

CW CHAPMAN & SON LTD (REGISTERED NUMBER: 07800781)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2023 6,477 87,310 93,787
Additions - 64,000 64,000
Disposals - (26,000 ) (26,000 )
At 31 March 2024 6,477 125,310 131,787
DEPRECIATION
At 1 April 2023 426 43,972 44,398
Charge for year 130 8,280 8,410
Eliminated on disposal - (14,464 ) (14,464 )
At 31 March 2024 556 37,788 38,344
NET BOOK VALUE
At 31 March 2024 5,921 87,522 93,443
At 31 March 2023 6,051 43,338 49,389

The net book value of tangible fixed assets includes £ 75,838 (2023 - £ 29,453 ) in respect of assets held under hire purchase contracts.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 4,002 -
Other debtors 4,141 1,365
8,143 1,365

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 5,000 8,994
Hire purchase contracts 11,826 5,429
Trade creditors 46,786 31,150
Taxation and social security - 5,541
Other creditors 1,829 2,058
65,441 53,172

CW CHAPMAN & SON LTD (REGISTERED NUMBER: 07800781)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans 29,584 35,111
Hire purchase contracts 50,253 12,641
79,837 47,752

Amounts falling due in more than five years:

Repayable by instalments
Bank loans over 5 years 9,584 15,111

8. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 31.3.23
£    £   
Bank overdraft - 204
Hire purchase contracts 62,079 18,070
Bank loans - 3,790
62,079 22,064

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
100 Ordinary £1 100 100