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Company Registration No. 07339429 (England and Wales)
The Chatham Rope Company Limited Unaudited accounts for the year ended 31 May 2024
The Chatham Rope Company Limited Unaudited accounts Contents
Page
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The Chatham Rope Company Limited Company Information for the year ended 31 May 2024
Directors
Mr C Parr Mr A Parr Mr I Parr Miss T Parr
Secretary
T Parr
Company Number
07339429 (England and Wales)
Registered Office
3 Harvest Way Elmstead Market Colchester Essex CO7 7YD
Accountants
Pro Tax Accounting The Colchester Centre Hawkins Road Colchester Essex CO2 8JX
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The Chatham Rope Company Limited Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,151,946 
1,145,925 
Investments
1 
1 
1,151,947 
1,145,926 
Current assets
Inventories
81,992 
133,518 
Debtors
112,714 
114,411 
Cash at bank and in hand
255,019 
289,140 
449,725 
537,069 
Creditors: amounts falling due within one year
(258,995)
(255,829)
Net current assets
190,730 
281,240 
Total assets less current liabilities
1,342,677 
1,427,166 
Creditors: amounts falling due after more than one year
(80,248)
(174,845)
Net assets
1,262,429 
1,252,321 
Capital and reserves
Called up share capital
14,100 
14,100 
Revaluation reserve
468,144 
468,144 
Profit and loss account
780,185 
770,077 
Shareholders' funds
1,262,429 
1,252,321 
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 31 July 2024 and were signed on its behalf by
Mr C Parr Director Company Registration No. 07339429
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The Chatham Rope Company Limited Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
The Chatham Rope Company Limited is a private company, limited by shares, registered in England and Wales, registration number 07339429. The registered office is 3 Harvest Way, Elmstead Market, Colchester, Essex, CO7 7YD.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
0%
Plant & machinery
Over 3 years straight line
Fixtures & fittings
25% reducing balance
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 June 2023
1,145,760 
62,586 
2,180 
1,210,526 
Additions
5,766 
297 
- 
6,063 
At 31 May 2024
1,151,526 
62,883 
2,180 
1,216,589 
Depreciation
At 1 June 2023
- 
62,421 
2,180 
64,601 
Charge for the year
- 
42 
- 
42 
At 31 May 2024
- 
62,463 
2,180 
64,643 
Net book value
At 31 May 2024
1,151,526 
420 
- 
1,151,946 
At 31 May 2023
1,145,760 
165 
- 
1,145,925 
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The Chatham Rope Company Limited Notes to the Accounts for the year ended 31 May 2024
5
Investments
Subsidiary undertakings 
£ 
Valuation at 1 June 2023
1 
Valuation at 31 May 2024
1 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
107,241 
99,469 
Accrued income and prepayments
476 
432 
Other debtors
4,997 
14,510 
112,714 
114,411 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
14,000 
14,477 
VAT
29,235 
31,585 
Trade creditors
95,498 
88,396 
Amounts owed to group undertakings and other participating interests
75,000 
75,000 
Taxes and social security
36,551 
20,532 
Other creditors
212 
212 
Accruals
8,499 
23,227 
Deferred income
- 
2,400 
258,995 
255,829 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
80,248 
174,845 
9
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
14,095 Ordinary shares of £1 each
14,095 
14,095 
5 Ordinary A Non-Voting shares of £1 each
5 
5 
14,100 
14,100 
10
Average number of employees
During the year the average number of employees was 9 (2023: 9).
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