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REGISTERED NUMBER: 11591502 (England and Wales)


Financial Statements for the Year Ended 31 August 2024

for

T & M Chepstow Limited

T & M Chepstow Limited (Registered number: 11591502)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


T & M Chepstow Limited

Company Information
for the Year Ended 31 August 2024







DIRECTORS: Mr Tajvir Singh Kang
Mrs Mandip Kaur Kang





REGISTERED OFFICE: Bridge House
9 - 13 Holbrook Lane
Coventry
CV6 4AD





REGISTERED NUMBER: 11591502 (England and Wales)





ACCOUNTANTS: Sterling Accounting Services Limited
Bridge House
9-13 Holbrook Lane
Coventry
CV6 4AD

T & M Chepstow Limited (Registered number: 11591502)

Statement of Financial Position
31 August 2024

31.8.24 31.8.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 100,000 100,000
Property, plant and equipment 5 67,482 71,199
167,482 171,199

CURRENT ASSETS
Inventories 77,047 69,103
Debtors 6 5,145 1,561
Cash at bank and in hand 149,565 105,112
231,757 175,776
CREDITORS
Amounts falling due within one year 7 264,744 208,514
NET CURRENT LIABILITIES (32,987 ) (32,738 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

134,495

138,461

CREDITORS
Amounts falling due after more than one
year

8

31,483

37,067
NET ASSETS 103,012 101,394

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 102,912 101,294
SHAREHOLDERS' FUNDS 103,012 101,394

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

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

T & M Chepstow Limited (Registered number: 11591502)

Statement of Financial Position - continued
31 August 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 19 February 2025 and were signed on its behalf by:





Mr Tajvir Singh Kang - Director


T & M Chepstow Limited (Registered number: 11591502)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

T & M Chepstow 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 represents net sales of invoiced goods and services excluding Value Added Tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2023
and 31 August 2024 100,000
NET BOOK VALUE
At 31 August 2024 100,000
At 31 August 2023 100,000

T & M Chepstow Limited (Registered number: 11591502)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

5. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
At 1 September 2023 163,171
Additions 17,605
At 31 August 2024 180,776
DEPRECIATION
At 1 September 2023 91,972
Charge for year 21,322
At 31 August 2024 113,294
NET BOOK VALUE
At 31 August 2024 67,482
At 31 August 2023 71,199

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 5,000 -
Other debtors 145 1,561
5,145 1,561

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade creditors 42,199 31,678
Taxation and social security 11,656 15,345
Other creditors 210,889 161,491
264,744 208,514

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans 31,483 37,067

T & M Chepstow Limited (Registered number: 11591502)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.24 31.8.23
value: £    £   
100 Ordinary £1 100 100

10. RELATED PARTY DISCLOSURES

During the year, the Company has paid rent of £14,400 (2023 - £14,400) in respect of use of business property owned by the directors