1 false false false false false false false false false false true false false false false false false No description of principal activity 2023-01-31 Sage Accounts Production Advanced 2023 - FRS102_2023 22,917 21,973 682 22,655 262 944 xbrli:pure xbrli:shares iso4217:GBP 05666139 2023-01-31 2024-01-30 05666139 2024-01-30 05666139 2023-01-30 05666139 2022-01-31 2023-01-30 05666139 2023-01-30 05666139 2022-01-30 05666139 core:PlantMachinery 2023-01-31 2024-01-30 05666139 bus:Director1 2023-01-31 2024-01-30 05666139 core:PlantMachinery 2023-01-30 05666139 core:PlantMachinery 2024-01-30 05666139 core:WithinOneYear 2024-01-30 05666139 core:WithinOneYear 2023-01-30 05666139 core:AfterOneYear 2024-01-30 05666139 core:AfterOneYear 2023-01-30 05666139 core:ShareCapital 2024-01-30 05666139 core:ShareCapital 2023-01-30 05666139 core:RetainedEarningsAccumulatedLosses 2024-01-30 05666139 core:RetainedEarningsAccumulatedLosses 2023-01-30 05666139 core:PlantMachinery 2023-01-30 05666139 bus:SmallEntities 2023-01-31 2024-01-30 05666139 bus:AuditExemptWithAccountantsReport 2023-01-31 2024-01-30 05666139 bus:SmallCompaniesRegimeForAccounts 2023-01-31 2024-01-30 05666139 bus:PrivateLimitedCompanyLtd 2023-01-31 2024-01-30 05666139 bus:FullAccounts 2023-01-31 2024-01-30
COMPANY REGISTRATION NUMBER: 05666139
Chardstock Management Services Limited
Filleted Unaudited Financial Statements
For the period ended
30 January 2024
Mackenzie Field
Chardstock Management Services Limited
Statement of Financial Position
30 January 2024
2024
2023
Note
£
£
£
Fixed assets
Tangible assets
5
262
944
Current assets
Debtors
6
1,872,229
593,273
Cash at bank and in hand
4,046
279,888
------------
---------
1,876,275
873,161
Creditors: amounts falling due within one year
7
1,877,171
859,360
------------
---------
Net current (liabilities)/assets
( 896)
13,801
----
--------
Total assets less current liabilities
( 634)
14,745
Creditors: amounts falling due after more than one year
8
13,333
23,333
--------
--------
Net liabilities
( 13,967)
( 8,588)
--------
--------
Capital and reserves
Called up share capital
1
1
Profit and loss account
( 13,968)
( 8,589)
--------
-------
Shareholders deficit
( 13,967)
( 8,588)
--------
-------
These 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 Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Mackenzie Field
Chardstock Management Services Limited
Statement of Financial Position (continued)
30 January 2024
These financial statements were approved by the board of directors and authorised for issue on 22 January 2025 , and are signed on behalf of the board by:
A McGivern
Director
Company registration number: 05666139
Mackenzie Field
Chardstock Management Services Limited
Notes to the Financial Statements
Year ended 30 January 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Chardstock House, Chardstock Lane, Chard, TA20 2TL.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
The turnover shown in the profit and loss account represents amounts invoiced and accrued during the year, exclusive of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery
-
25% straight line
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2023: 1 ).
5. Tangible assets
Plant and machinery
Total
£
£
Cost
At 31 January 2023 and 30 January 2024
22,917
22,917
--------
--------
Depreciation
At 31 January 2023
21,973
21,973
Charge for the year
682
682
--------
--------
At 30 January 2024
22,655
22,655
--------
--------
Carrying amount
At 30 January 2024
262
262
--------
--------
At 30 January 2023
944
944
--------
--------
6. Debtors
2024
2023
£
£
Other debtors
1,872,229
593,273
------------
---------
7. Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
10,000
10,000
Trade creditors
47
468
Social security and other taxes
4,207
233
Other creditors
1,862,917
848,659
------------
---------
1,877,171
859,360
------------
---------
8. Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
13,333
23,333
--------
--------
9. Director's advances, credits and guarantees
At the balance sheet date the company owed the director £382,370 (2023: £325,726).