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REGISTERED NUMBER: 08161085 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Chris Wells Associates Ltd

Chris Wells Associates Ltd (Registered number: 08161085)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Chris Wells Associates Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTOR: Mr C J Wells





REGISTERED OFFICE: 11 Town Farm Close
Stockton
TS21 1HX





REGISTERED NUMBER: 08161085 (England and Wales)





ACCOUNTANTS: SPi Accountancy LLP
Unit 10 Tiger Court
Kings Business Park
Knowsley
Liverpool
Merseyside
L34 1BH

Chris Wells Associates Ltd (Registered number: 08161085)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,533 3,377

CURRENT ASSETS
Debtors 5 1,442 2,914
Cash at bank 2,546 4,046
3,988 6,960
CREDITORS
Amounts falling due within one year 6 1,604 1,647
NET CURRENT ASSETS 2,384 5,313
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,917

8,690

PROVISIONS FOR LIABILITIES 7 481 641
NET ASSETS 4,436 8,049

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 4,236 7,849
SHAREHOLDERS' FUNDS 4,436 8,049

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 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 19 December 2024 and were signed by:



Mr C J Wells - Director


Chris Wells Associates Ltd (Registered number: 08161085)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Chris Wells Associates 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 April 2023
and 31 March 2024 25,549
DEPRECIATION
At 1 April 2023 22,172
Charge for year 844
At 31 March 2024 23,016
NET BOOK VALUE
At 31 March 2024 2,533
At 31 March 2023 3,377

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 1,242 2,714
Other debtors 200 200
1,442 2,914

Chris Wells Associates Ltd (Registered number: 08161085)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Taxation and social security 313 1,647
Other creditors 1,291 -
1,604 1,647

7. PROVISIONS FOR LIABILITIES
31.3.24 31.3.23
£    £   
Deferred tax 481 641

Deferred
tax
£   
Balance at 1 April 2023 641
Provided during year (160 )
Deferred Tax
Balance at 31 March 2024 481

8. ULTIMATE CONTROLLING PARTY

The controlling party is Mr C J Wells.