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
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
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
The Chatham Rope Company Limited
Statement of financial position
as at 31 May 2024
Tangible assets
1,151,946
1,145,925
Inventories
81,992
133,518
Cash at bank and in hand
255,019
289,140
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
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
The Chatham Rope Company Limited
Notes to the Accounts
for the year ended 31 May 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
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
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
At 31 May 2024
1,151,526
420
-
1,151,946
At 31 May 2023
1,145,760
165
-
1,145,925
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
Amounts falling due within one year
Trade debtors
107,241
99,469
Accrued income and prepayments
476
432
Other debtors
4,997
14,510
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
14,000
14,477
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
8
Creditors: amounts falling due after more than one year
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
10
Average number of employees
During the year the average number of employees was 9 (2023: 9).