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Registered Number: 02735673
England and Wales

 

 

 

CHATWAY LIMITED


Abridged Accounts
 


Period of accounts

Start date: 28 February 2023

End date: 29 February 2024
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 3 73,844    51,083 
73,844    51,083 
Current assets      
Debtors 187,142    8,644 
Cash at bank and in hand 62,076    62,487 
249,218    71,131 
Creditors: amount falling due within one year (214,325)   (53,578)
Net current assets 34,893    17,553 
 
Total assets less current liabilities 108,737    68,636 
Creditors: amount falling due after more than one year (128,360)   (42,272)
Provisions for liabilities (1,156)  
Net assets (20,779)   26,364 
 

Capital and reserves
     
Called up share capital 100    100 
Profit and loss account (20,879)   26,264 
Shareholders' funds (20,779)   26,364 
 


For the period ended 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the director on 27 February 2025 and were signed by:


-------------------------------
Peter Sciallo
Director
1
General Information
Chatway Limited is a private company, limited by shares, registered in England and Wales, registration number 02735673, registration address Unit 16, Wills Business Park, Salmon Parade,, Bridgwater, TA6 5JT.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Finance lease and hire purchase charges
The finance element of the rental payment is charged to the income statement on a straight line basis.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery 25 Reducing Balance
Motor Vehicles 20 Reducing Balance
Fixtures and Fittings 25 Reducing Balance
Computer Equipment 25 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. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees

Average number of employees during the year was 6 (2023 : 5).
3.

Tangible fixed assets

Cost or valuation Plant and Machinery   Motor Vehicles   Fixtures and Fittings   Computer Equipment   Total
  £   £   £   £   £
At 28 February 2023 65,614    125,892    649    1,532    193,687 
Additions 830    92,018      2,500    95,348 
Disposals   (16,500)       (16,500)
At 29 February 2024 66,444    201,410    649    4,032    272,535 
Depreciation
At 28 February 2023 46,451    75,882    375    1,100    123,808 
Charge for period 14,226    59,165    304    1,188    74,883 
On disposals        
At 29 February 2024 60,677    135,047    679    2,288    198,691 
Net book values
Closing balance as at 29 February 2024 5,767    66,363    (30)   1,744    73,844 
Opening balance as at 28 February 2023 26,276    23,261    487    1,059    51,083 


2