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REGISTERED NUMBER: 03981354 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 OCTOBER 2022 TO 31 MARCH 2024

FOR

CHAPMANS ASSOCIATES LIMITED

CHAPMANS ASSOCIATES LIMITED (REGISTERED NUMBER: 03981354)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 OCTOBER 2022 TO 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CHAPMANS ASSOCIATES LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1 OCTOBER 2022 TO 31 MARCH 2024







DIRECTOR: P Patel





REGISTERED OFFICE: 9 Churchill Court
58 Station Road
North Harrow
HA2 7SA





REGISTERED NUMBER: 03981354 (England and Wales)





ACCOUNTANTS: Chapmans
Chartered Accountants
9 Churchill Court
58 Station Road
North Harrow
HA2 7SA

CHAPMANS ASSOCIATES LIMITED (REGISTERED NUMBER: 03981354)

BALANCE SHEET
31 MARCH 2024

2024 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 111,711 178,740
Tangible assets 5 54,762 1,329
166,473 180,069

CURRENT ASSETS
Work in Progress 78,000 36,530
Debtors 6 639,745 506,937
Cash at bank 173,999 175,637
891,744 719,104
CREDITORS
Amounts falling due within one year 7 249,212 226,275
NET CURRENT ASSETS 642,532 492,829
TOTAL ASSETS LESS CURRENT
LIABILITIES

809,005

672,898

CREDITORS
Amounts falling due after more than one year 8 - 26,632
NET ASSETS 809,005 646,266

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 808,005 645,266
SHAREHOLDERS' FUNDS 809,005 646,266

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the period 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.

CHAPMANS ASSOCIATES LIMITED (REGISTERED NUMBER: 03981354)

BALANCE SHEET - continued
31 MARCH 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 director and authorised for issue on 28 January 2025 and were signed by:





P Patel - Director


CHAPMANS ASSOCIATES LIMITED (REGISTERED NUMBER: 03981354)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 OCTOBER 2022 TO 31 MARCH 2024


1. STATUTORY INFORMATION

Chapmans Associates 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.

Goodwill
Goodwill acquired in an earlier period initially stated at cost is now being amortised over 10 years as a reliable estimate of its useful life cannot be made.

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 etc - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing work in progress to their present location and condition.

Taxation
Taxation for the period 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 period 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.

CHAPMANS ASSOCIATES LIMITED (REGISTERED NUMBER: 03981354)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 OCTOBER 2022 TO 31 MARCH 2024


2. ACCOUNTING POLICIES - continued

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 period was 9 (2022 - 10 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2022
and 31 March 2024 446,856
AMORTISATION
At 1 October 2022 268,116
Charge for period 67,029
At 31 March 2024 335,145
NET BOOK VALUE
At 31 March 2024 111,711
At 30 September 2022 178,740

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2022 55,030
Additions 53,890
At 31 March 2024 108,920
DEPRECIATION
At 1 October 2022 53,701
Charge for period 457
At 31 March 2024 54,158
NET BOOK VALUE
At 31 March 2024 54,762
At 30 September 2022 1,329

CHAPMANS ASSOCIATES LIMITED (REGISTERED NUMBER: 03981354)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 OCTOBER 2022 TO 31 MARCH 2024


6. DEBTORS
2024 2022
£    £   
Amounts falling due within one year:
Trade debtors 403,142 299,987
Other debtors 27,653 -
430,795 299,987

Amounts falling due after more than one year:
Other debtors 208,950 206,950

Aggregate amounts 639,745 506,937

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2022
£    £   
Bank loans and overdrafts - 10,644
Trade creditors - 22,750
Taxation and social security 172,534 98,972
Other creditors 76,678 93,909
249,212 226,275

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2022
£    £   
Bank loans - 26,632

9. RELATED PARTY DISCLOSURES

The company has made a loan of £208,950 (2022: £206,750) to a company which is owned by the director and his spouse. The loan is interest free and repayable on demand.