Caseware UK (AP4) 2023.0.135 2023.0.135 2024-10-312024-10-3172023-11-01falseNo description of principal activity8falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 09841561 2023-11-01 2024-10-31 09841561 2022-11-01 2023-10-31 09841561 2024-10-31 09841561 2023-10-31 09841561 c:Director1 2023-11-01 2024-10-31 09841561 c:RegisteredOffice 2023-11-01 2024-10-31 09841561 d:PlantMachinery 2023-11-01 2024-10-31 09841561 d:PlantMachinery 2024-10-31 09841561 d:PlantMachinery 2023-10-31 09841561 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 09841561 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2023-11-01 2024-10-31 09841561 d:MotorVehicles 2023-11-01 2024-10-31 09841561 d:MotorVehicles 2024-10-31 09841561 d:MotorVehicles 2023-10-31 09841561 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 09841561 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-11-01 2024-10-31 09841561 d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 09841561 d:LeasedAssetsHeldAsLessee 2023-11-01 2024-10-31 09841561 d:CurrentFinancialInstruments 2024-10-31 09841561 d:CurrentFinancialInstruments 2023-10-31 09841561 d:Non-currentFinancialInstruments 2024-10-31 09841561 d:Non-currentFinancialInstruments 2023-10-31 09841561 d:CurrentFinancialInstruments d:WithinOneYear 2024-10-31 09841561 d:CurrentFinancialInstruments d:WithinOneYear 2023-10-31 09841561 d:Non-currentFinancialInstruments d:AfterOneYear 2024-10-31 09841561 d:Non-currentFinancialInstruments d:AfterOneYear 2023-10-31 09841561 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-10-31 09841561 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-10-31 09841561 d:ShareCapital 2024-10-31 09841561 d:ShareCapital 2023-10-31 09841561 d:RetainedEarningsAccumulatedLosses 2024-10-31 09841561 d:RetainedEarningsAccumulatedLosses 2023-10-31 09841561 c:FRS102 2023-11-01 2024-10-31 09841561 c:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 09841561 c:FullAccounts 2023-11-01 2024-10-31 09841561 c:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 09841561 d:HirePurchaseContracts d:WithinOneYear 2024-10-31 09841561 d:HirePurchaseContracts d:WithinOneYear 2023-10-31 09841561 d:HirePurchaseContracts d:BetweenOneFiveYears 2024-10-31 09841561 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-10-31 09841561 d:HirePurchaseContracts d:MoreThanFiveYears 2024-10-31 09841561 d:HirePurchaseContracts d:MoreThanFiveYears 2023-10-31 09841561 2 2023-11-01 2024-10-31 09841561 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2024-10-31 09841561 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-10-31 09841561 e:PoundSterling 2023-11-01 2024-10-31 iso4217:GBP xbrli:pure

Registered number: 09841561









CHAPTER SERVICES GROUP LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024

 
CHAPTER SERVICES GROUP LIMITED
 
 
COMPANY INFORMATION


Director
A R Allchurch 




Registered number
09841561



Registered office
Unit 1 The Stables
Wassell Grove Lane

Hagley

Stourbridge

West Midlands

DY9 9JH




Accountants
Wayside Accountancy Limited

5 Willow Close

Fradley

Lichfield

Staffordshire

WS13 8RW





 
CHAPTER SERVICES GROUP LIMITED
REGISTERED NUMBER: 09841561

BALANCE SHEET
AS AT 31 OCTOBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
42,430
24,022

  
42,430
24,022

Current assets
  

Stocks
  
39,771
58,055

Debtors: amounts falling due within one year
 5 
63,221
54,668

Cash at bank and in hand
 6 
113,995
50,677

  
216,987
163,400

Creditors: amounts falling due within one year
 7 
(205,184)
(165,605)

Net current assets/(liabilities)
  
 
 
11,803
 
 
(2,205)

Total assets less current liabilities
  
54,233
21,817

Creditors: amounts falling due after more than one year
 8 
(31,880)
(33,559)

  

Net assets/(liabilities)
  
22,353
(11,742)


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
22,351
(11,744)

  
22,353
(11,742)


Page 1

 
CHAPTER SERVICES GROUP LIMITED
REGISTERED NUMBER: 09841561
    
BALANCE SHEET (CONTINUED)
AS AT 31 OCTOBER 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 13 December 2024.

A R Allchurch
Director

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
CHAPTER SERVICES GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

1.


General information

Chapter Services Group Limited is a private company limited by shares incorporated in England.  The address of its registered office and registration number is shown on the company information page.  The financial statements are prepared in Sterling (£).

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
CHAPTER SERVICES GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

2.Accounting policies (continued)

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.7

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.8

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.9

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 4

 
CHAPTER SERVICES GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

2.Accounting policies (continued)


2.9
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Plant and machinery
-
25%
Straight line
Motor vehicles
-
25%
Straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.10

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.11

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.12

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.13

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.14

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Page 5

 
CHAPTER SERVICES GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

3.


Employees

2024
2023
£
£

Wages and salaries
202,586
130,430

Social security costs
12,652
5,775

Cost of defined contribution scheme
3,848
2,090

219,086
138,295


The average monthly number of employees, including directors, during the year was 8 (2023 - 7).


4.


Tangible fixed assets





Plant and machinery
Motor vehicles
Total

£
£
£



Cost or valuation


At 1 November 2023
2,218
49,390
51,608


Additions
916
23,744
24,660


Disposals
-
(10,250)
(10,250)



At 31 October 2024

3,134
62,884
66,018



Depreciation


At 1 November 2023
859
26,727
27,586


Charge for the year on owned assets
468
-
468


Charge for the year on financed assets
-
5,784
5,784


Disposals
-
(10,250)
(10,250)



At 31 October 2024

1,327
22,261
23,588



Net book value



At 31 October 2024
1,807
40,623
42,430



At 31 October 2023
1,359
22,663
24,022

Page 6

 
CHAPTER SERVICES GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

           4.Tangible fixed assets (continued)

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


2024
2023
£
£



Motor vehicles
40,623
22,663


5.


Debtors

2024
2023
£
£


Trade debtors
32,040
14,837

Other debtors
26,515
35,133

Prepayments and accrued income
4,666
4,698

63,221
54,668



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
113,995
50,677


Page 7

 
CHAPTER SERVICES GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
18,148
31,111

Trade creditors
131,376
87,365

Corporation tax
44,124
38,776

Other taxation and social security
4,540
3,397

Obligations under finance lease and hire purchase contracts
6,125
2,547

Other creditors
871
614

Accruals and deferred income
-
1,795

205,184
165,605


Hire purchase agreements totalling £38,005 (2023 £17,958) are secured against the fixed assets to which they relate. Bank loans totalling £18,148 (2023 £49,259) are secured by a debenture over the assets of the company.


8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
-
18,148

Net obligations under finance leases and hire purchase contracts
31,880
15,411

31,880
33,559



9.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
18,148
31,111

Amounts falling due 1-2 years

Bank loans
-
18,148



18,148
49,259


Page 8

 
CHAPTER SERVICES GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

10.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2024
2023
£
£


Within one year
6,125
2,547

Between 1-5 years
7,441
3,112

Over 5 years
24,439
12,299

38,005
17,958


11.


Pension commitments

The company operates a defined contribution pension scheme.  The assets of the scheme are held separately from those of the Company in an independently administered fund.  The pension cost charge represents contributions payable by the Company to the fund and amounted to £3,848 (2023 £2,090). 

 
Page 9