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REGISTERED NUMBER: 06583490 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024

FOR

CHESHIRE MAINTENANCE
& DEVELOPMENTS LIMITED

CHESHIRE MAINTENANCE
& DEVELOPMENTS LIMITED (REGISTERED NUMBER: 06583490)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CHESHIRE MAINTENANCE
& DEVELOPMENTS LIMITED

COMPANY INFORMATION
for the Year Ended 31 May 2024







DIRECTOR: B Smith





SECRETARY: B Smith





REGISTERED OFFICE: 2nd Floor, Boulton House
17-21 Chorlton Street
Manchester
M1 3HY





REGISTERED NUMBER: 06583490 (England and Wales)





ACCOUNTANTS: Connaughton & Co
2nd Floor, Boulton House
17-21 Chorlton Street
Manchester
M1 3HY

CHESHIRE MAINTENANCE
& DEVELOPMENTS LIMITED (REGISTERED NUMBER: 06583490)

BALANCE SHEET
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 791,037 1,011,888

CURRENT ASSETS
Stocks 65,745 65,745
Debtors 5 2,216,730 2,282,746
Cash at bank and in hand 3,541 21,705
2,286,016 2,370,196
CREDITORS
Amounts falling due within one year 6 1,090,707 1,155,634
NET CURRENT ASSETS 1,195,309 1,214,562
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,986,346

2,226,450

CREDITORS
Amounts falling due after more than one
year

7

(368,465

)

(635,771

)

PROVISIONS FOR LIABILITIES 9 (162,352 ) (137,854 )
NET ASSETS 1,455,529 1,452,825

CAPITAL AND RESERVES
Called up share capital 10 3 3
Retained earnings 11 1,455,526 1,452,822
SHAREHOLDERS' FUNDS 1,455,529 1,452,825

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

CHESHIRE MAINTENANCE
& DEVELOPMENTS LIMITED (REGISTERED NUMBER: 06583490)

BALANCE SHEET - continued
31 May 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 12 February 2025 and were signed by:





B Smith - Director


CHESHIRE MAINTENANCE
& DEVELOPMENTS LIMITED (REGISTERED NUMBER: 06583490)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Cheshire Maintenance & Developments 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.
Short leasehold - Over the remaining period of the lease
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

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.

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.

CHESHIRE MAINTENANCE
& DEVELOPMENTS LIMITED (REGISTERED NUMBER: 06583490)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 May 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 year was 10 (2023 - 10 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and Motor
leasehold machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 June 2023 11,000 588,768 147,255 975,032 1,722,055
Additions - 69,683 1,980 97,271 168,934
Disposals - (68,645 ) - (364,043 ) (432,688 )
At 31 May 2024 11,000 589,806 149,235 708,260 1,458,301
DEPRECIATION
At 1 June 2023 8,800 197,829 110,547 392,991 710,167
Charge for year 1,100 65,064 5,599 126,120 197,883
Eliminated on disposal - (40,887 ) - (199,899 ) (240,786 )
At 31 May 2024 9,900 222,006 116,146 319,212 667,264
NET BOOK VALUE
At 31 May 2024 1,100 367,800 33,089 389,048 791,037
At 31 May 2023 2,200 390,939 36,708 582,041 1,011,888

CHESHIRE MAINTENANCE
& DEVELOPMENTS LIMITED (REGISTERED NUMBER: 06583490)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 May 2024

4. TANGIBLE FIXED ASSETS - continued

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 June 2023 171,500 622,980 794,480
Additions - 97,271 97,271
Disposals - (188,576 ) (188,576 )
Transfer to ownership (65,000 ) (75,056 ) (140,056 )
At 31 May 2024 106,500 456,619 563,119
DEPRECIATION
At 1 June 2023 23,635 89,546 113,181
Charge for year 22,180 141,078 163,258
Eliminated on disposal - (40,543 ) (40,543 )
Transfer to ownership (27,577 ) (49,868 ) (77,445 )
At 31 May 2024 18,238 140,213 158,451
NET BOOK VALUE
At 31 May 2024 88,262 316,406 404,668
At 31 May 2023 147,865 533,434 681,299

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 506,667 682,070
Other debtors 740,063 856,886
Prepayments and accrued income 970,000 743,790
2,216,730 2,282,746

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans and overdrafts 184,217 174,621
Hire purchase contracts 112,469 158,671
Trade creditors 395,237 406,787
Tax 56,489 -
Social security and other taxes 79,747 144,960
VAT 69,048 20,295
Accruals and deferred income 193,500 250,300
1,090,707 1,155,634

CHESHIRE MAINTENANCE
& DEVELOPMENTS LIMITED (REGISTERED NUMBER: 06583490)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 May 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.24 31.5.23
£    £   
Bank loans - 1-2 years 100,000 100,000
Bank loans - 2-5 years 100,000 200,000
Hire purchase contracts 168,465 335,771
368,465 635,771

8. SECURED DEBTS

The following secured debts are included within creditors:

31.5.24 31.5.23
£    £   
Bank overdrafts 84,217 74,621

The bank overdraft is secured by way of two debentures as follows:

The first debenture is dated 1 July 2013 in favour of Svenska Handelsbanken AB (publ) over the fixed and floating assets of the company.

The second debenture is dated 30 July 2013 in favour of Handelsbanken Finans AB (publ) over the fixed and floating assets of the company.

See note 14 for director's guarantees.

9. PROVISIONS FOR LIABILITIES
31.5.24 31.5.23
£    £   
Deferred tax 162,352 137,854

Deferred
tax
£   
Balance at 1 June 2023 137,854
Accelerated capital allowances 24,498
Balance at 31 May 2024 162,352

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.24 31.5.23
value: £    £   
3 Ordinary £1 3 3

CHESHIRE MAINTENANCE
& DEVELOPMENTS LIMITED (REGISTERED NUMBER: 06583490)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 May 2024

11. RESERVES
Retained
earnings
£   

At 1 June 2023 1,452,822
Profit for the year 39,084
Dividends (36,380 )
At 31 May 2024 1,455,526

12. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

During the period the company paid rent to Mr B Smith, a director of the company and Mr I Smith the father of the director amounting to £97,500 (2023: £100,200).

The director has given guarantees to the company's bank amounting to £200,000 plus interest and costs and to the company's loan provider amounting to £525,000 plus interest and costs.