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REGISTERED NUMBER: 01302872 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

Chew Valley Hide & Skin Company Limited

Chew Valley Hide & Skin Company Limited (Registered number: 01302872)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Chew Valley Hide & Skin Company Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: Mr L C J Dury
Mrs C L Kelly





SECRETARY: Mrs C L Kelly





REGISTERED OFFICE: 2 Northside
Wells Road
Chilcompton
Radstock
BA3 4ET





REGISTERED NUMBER: 01302872 (England and Wales)





ACCOUNTANTS: Accounting Solutions
2 Northside
Wells Road
Chilcompton
Radstock
BA3 4ET

Chew Valley Hide & Skin Company Limited (Registered number: 01302872)

Balance Sheet
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 336,421 308,315

CURRENT ASSETS
Stocks 16,221 18,300
Debtors 5 358,014 437,545
Cash at bank and in hand 79,545 2,857
453,780 458,702
CREDITORS
Amounts falling due within one year 6 163,930 236,694
NET CURRENT ASSETS 289,850 222,008
TOTAL ASSETS LESS CURRENT
LIABILITIES

626,271

530,323

CREDITORS
Amounts falling due after more than one
year

7

16,916

45,995
NET ASSETS 609,355 484,328

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Share premium 14,571 14,571
Retained earnings 593,784 468,757
SHAREHOLDERS' FUNDS 609,355 484,328

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

Chew Valley Hide & Skin Company Limited (Registered number: 01302872)

Balance Sheet - continued
30 April 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 January 2025 and were signed on its behalf by:




Mr L C J Dury - Director



Mrs C L Kelly - Director


Chew Valley Hide & Skin Company Limited (Registered number: 01302872)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Chew Valley Hide & Skin Company Limited 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Freehold property - 10% on cost
Long leasehold - 10% on cost
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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 Income Statement, 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.

Chew Valley Hide & Skin Company Limited (Registered number: 01302872)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

2. ACCOUNTING POLICIES - continued

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 profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2023 - 11 ) .

4. TANGIBLE FIXED ASSETS
Freehold Long Plant and
property leasehold machinery
£    £    £   
COST
At 1 May 2023 45,909 186,312 416,352
Additions - - 56,180
At 30 April 2024 45,909 186,312 472,532
DEPRECIATION
At 1 May 2023 - 186,312 295,023
Charge for year - - 26,626
At 30 April 2024 - 186,312 321,649
NET BOOK VALUE
At 30 April 2024 45,909 - 150,883
At 30 April 2023 45,909 - 121,329

Chew Valley Hide & Skin Company Limited (Registered number: 01302872)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

4. TANGIBLE FIXED ASSETS - continued

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 May 2023 13,494 819,179 382 1,481,628
Additions 12,284 32,809 - 101,273
At 30 April 2024 25,778 851,988 382 1,582,901
DEPRECIATION
At 1 May 2023 13,443 678,153 382 1,173,313
Charge for year 3,083 43,458 - 73,167
At 30 April 2024 16,526 721,611 382 1,246,480
NET BOOK VALUE
At 30 April 2024 9,252 130,377 - 336,421
At 30 April 2023 51 141,026 - 308,315

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 May 2023 102,053 132,212 234,265
Additions 14,286 - 14,286
Transfer to ownership (20,500 ) - (20,500 )
At 30 April 2024 95,839 132,212 228,051
DEPRECIATION
At 1 May 2023 38,577 60,279 98,856
Charge for year 10,678 17,983 28,661
Transfer to ownership (13,928 ) - (13,928 )
At 30 April 2024 35,327 78,262 113,589
NET BOOK VALUE
At 30 April 2024 60,512 53,950 114,462
At 30 April 2023 63,476 71,933 135,409

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 317,618 429,534
Other debtors 40,396 8,011
358,014 437,545

Chew Valley Hide & Skin Company Limited (Registered number: 01302872)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts - 3,485
Hire purchase contracts 38,967 48,026
Trade creditors 31,794 34,606
Taxation and social security 65,586 54,241
Other creditors 27,583 96,336
163,930 236,694

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 16,916 45,995

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The company was under the control of the directors throughout the period as stated in the director's report.

Interest was charged on any overdrawn directors' loan account balances at the official rate of 2.25%.