Registered number
08403524
Chris Dodson Thatching Services Limited
Filleted Accounts
For the Year Ended
31 March 2024
Chris Dodson Thatching Services Limited
Company Information
Directors
Mr C P Dodson
Ms L L Fuller
Accountants
Bird & Co
183 Main Street
Yaxley
Peterborough
Cambs
PE7 3LD
Registered office
183 Main Street
Yaxley
Peterborough
Cambs
PE7 3LD
Registered number
08403524
Chris Dodson Thatching Services Limited
Registered number: 08403524
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 25,742 27,730
Current assets
Stocks 37,745 40,017
Debtors 4 5,785 10,536
Cash at bank and in hand 25,109 13,501
68,639 64,054
Creditors: amounts falling due within one year 5 (36,641) (39,051)
Net current assets 31,998 25,003
Total assets less current liabilities 57,740 52,733
Creditors: amounts falling due after more than one year 6 (13,388) (19,480)
Net assets 44,352 33,253
Capital and reserves
Called up share capital 100 100
Profit and loss account 44,252 33,153
Shareholders' funds 44,352 33,253
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr C P Dodson
Director
Approved by the board on 2 November 2024
Chris Dodson Thatching Services Limited
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 15% reducing balance
Fixtures, fittings, tools and equipment 25% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 4 4
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 April 2023 8,608 35,470 44,078
Additions 5,285 - 5,285
At 31 March 2024 13,893 35,470 49,363
Depreciation
At 1 April 2023 4,137 12,211 16,348
Charge for the year 1,459 5,814 7,273
At 31 March 2024 5,596 18,025 23,621
Net book value
At 31 March 2024 8,297 17,445 25,742
At 31 March 2023 4,471 23,259 27,730
4 Debtors 2024 2023
£ £
Trade debtors 5,522 10,341
Other debtors 263 195
5,785 10,536
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 2,551 4,753
Taxation and social security costs 30,569 21,515
Other creditors 3,521 12,783
36,641 39,051
6 Creditors: amounts falling due after one year 2024 2023
£ £
Obligations under finance lease and hire purchase contracts 13,388 19,480
7 Other information
Chris Dodson Thatching Services Limited is a private company limited by shares and incorporated in England. Its registered office is:
183 Main Street
Yaxley
Peterborough
Cambs
PE7 3LD
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