Registered number:
08696777
Chardons Limited
Filleted Accounts
31 May 2024
MAT & CO
ACCOUNTANCY SERVICES LTD
Chartered Certified Accountants
Registered Auditors
7 Park View
Winchester
Hampshire
SO21 2BS
Chardons Limited
Report and accounts
Contents
Page
Balance sheet 2
Notes to the accounts 3 to 5
Chardons Limited
Registered number: 08696777
Balance Sheet
as at 31 May 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 1,005,834 883,906
Current assets
Stocks 5,962 9,051
Debtors 4 874,138 817,333
Investments held as current assets 5 111,235 -
Cash at bank and in hand 99,980 325,795
1,091,315 1,152,179
Creditors: amounts falling due within one year 6 (1,029,087) (891,904)
Net current assets 62,228 260,275
Total assets less current liabilities 1,068,062 1,144,181
Creditors: amounts falling due after more than one year 7 (375,630) (462,846)
Provisions for liabilities (7,163) (8,469)
Net assets 685,269 672,866
Capital and reserves
Called up share capital 200 200
Profit and loss account 685,069 672,666
Shareholders' funds 685,269 672,866
The director is 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 director acknowledges his 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. Mark Steven Hayman
Director
Approved by the board on 6 January 2025
Chardons Limited
Notes to the Accounts
for the year ended 31 May 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:
Freehold buildings 4% on cost (over 25 years)
Plant and machinery 20% Reducing balance
Fixtures, fittings, tools and equipment 20% Reducing balance
Motor vehicles 25% Reducing balance
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 48 40
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total Total
£ £ £ £ £
Cost
At 1 June 2023 884,516 133,166 15,205 1,032,887 1,032,887
Additions 163,655 2,152 - 165,807 165,807
At 31 May 2024 1,048,171 135,318 15,205 1,198,694 1,198,694
Depreciation
At 1 June 2023 40,480 95,525 12,976 148,981 148,981
Charge for the year 35,543 7,779 557 43,879 43,879
At 31 May 2024 76,023 103,304 13,533 192,860 192,860
Net book value
At 31 May 2024 972,148 32,014 1,672 1,005,834 1,005,834
At 31 May 2023 844,036 37,641 2,229 883,906 883,906
4 Debtors 2024 2023
£ £
Trade debtors 42,862 -
Other debtors 831,276 817,333
874,138 817,333
5 Investments held as current assets 2024 2023
£ £
Fair value
Listed investments 111,235 -
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 10,000 10,000
Trade creditors 189,123 220,498
Taxation and social security costs 26,843 29,552
Other creditors 803,121 631,854
1,029,087 891,904
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 15,833 25,833
Other creditors 359,797 437,013
375,630 462,846
8 Related party transactions
Included in other creditors is a director's loan account balance of £814,950 (2023 - £304,355).
An increase in the loan has been resulted from the acquisition of a chalet, partly financed by directors. An amount of loan interest was paid to directors in the sum of £11,704 (2023 - £11,875).

During the year, a chalet rent was paid to directors in the sum of £303,759 (2023 - £299,727). The transactions were incurred at normal commercial terms.

MNC Sarl , a french company which is controlled by one of the shareholders, invoiced the company for the sum of £1,381 (2023 - £10,523) on normal commercial terms. At the balance sheet date, the company owed £1,381 ( 2023 - Debtor £161) to the related party.
9 Controlling party
Mr Mark Steven Hayman is the controlling party by virtue of his shareholding and directorship.
10 Other information
Chardons Limited is a private company limited by shares and incorporated in England. Its registered office is:
7 Park View
Winchester
Hampshire
SO21 2BS
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