Company Registration No. 10596333 (England and Wales)
Chalfont Construction Limited
Unaudited accounts
for the year ended 28 February 2025
Chalfont Construction Limited
Unaudited accounts
Contents
Chalfont Construction Limited
Company Information
for the year ended 28 February 2025
Company Number
10596333 (England and Wales)
Registered Office
Tithe House Gold Hill North
Chalfont St. Peter
Gerrards Cross
Buckinghamshire
SL9 9DS
England
Chalfont Construction Limited
Statement of financial position
as at 28 February 2025
Tangible assets
34,183
50,903
Cash at bank and in hand
41,888
2,698
Creditors: amounts falling due within one year
(116,595)
(77,077)
Net current assets/(liabilities)
162,426
(59,307)
Total assets less current liabilities
196,609
(8,404)
Provisions for liabilities
Net assets/(liabilities)
196,609
(16,517)
Called up share capital
100
100
Profit and loss account
196,509
(16,617)
Shareholders' funds
196,609
(16,517)
For the year ending 28 February 2025 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 director acknowledges his 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 and authorised for issue on 10 March 2025 and were signed on its behalf by
Mr A Browne
Director
Company Registration No. 10596333
Chalfont Construction Limited
Notes to the Accounts
for the year ended 28 February 2025
Chalfont Construction Limited is a private company, limited by shares, registered in England and Wales, registration number 10596333. The registered office is Tithe House Gold Hill North, Chalfont St. Peter, Gerrards Cross, Buckinghamshire, SL9 9DS, England.
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.
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
Tangible fixed assets and depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & machinery
25% reducing balance
Motor vehicles
25% reducing balance
Fixtures & fittings
25% reducing balance
Computer equipment
25% reducing balance
Chalfont Construction Limited
Notes to the Accounts
for the year ended 28 February 2025
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on the taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expenses that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow form the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 March 2024
55,519
63,752
417
119,688
Additions
11,429
6,000
-
17,429
Revaluations
(7,072)
-
-
(7,072)
Disposals
-
(10,005)
-
(10,005)
At 28 February 2025
59,876
59,747
417
120,040
At 1 March 2024
34,714
33,785
286
68,785
Charge for the year
9,641
9,764
104
19,509
Surplus on revaluation
(2,020)
-
-
(2,020)
On disposals
-
(417)
-
(417)
At 28 February 2025
42,335
43,132
390
85,857
At 28 February 2025
17,541
16,615
27
34,183
At 29 February 2024
20,805
29,967
131
50,903
Chalfont Construction Limited
Notes to the Accounts
for the year ended 28 February 2025
Amounts falling due within one year
Trade debtors
176,088
15,072
6
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
6,624
5,915
Taxes and social security
85,343
(2,250)
Other creditors
9,807
19,589
Loans from directors
14,697
49,845
7
Deferred taxation
2025
2024
Accelerated capital allowances
-
8,113
Provision at start of year
8,113
-
(Credited)/charged to the profit and loss account
(8,113)
8,113
Provision at end of year
-
8,113
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
9
Average number of employees
During the year the average number of employees was 1 (2024: 1).