Chapel Motors Ltd 14946128 false 2023-06-19 2024-06-30 2024-06-30 The principal activity of the company is the sale of used cars. Digita Accounts Production Advanced 6.30.9574.0 true true 14946128 2023-06-19 2024-06-30 14946128 2024-06-30 14946128 bus:Director1 1 2024-06-30 14946128 bus:OrdinaryShareClass1 2024-06-30 14946128 core:CurrentFinancialInstruments 2024-06-30 14946128 core:CurrentFinancialInstruments core:WithinOneYear 2024-06-30 14946128 bus:SmallEntities 2023-06-19 2024-06-30 14946128 bus:AuditExemptWithAccountantsReport 2023-06-19 2024-06-30 14946128 bus:FullAccounts 2023-06-19 2024-06-30 14946128 bus:SmallCompaniesRegimeForAccounts 2023-06-19 2024-06-30 14946128 bus:RegisteredOffice 2023-06-19 2024-06-30 14946128 bus:Director1 2023-06-19 2024-06-30 14946128 bus:Director1 1 2023-06-19 2024-06-30 14946128 bus:OrdinaryShareClass1 2023-06-19 2024-06-30 14946128 bus:PrivateLimitedCompanyLtd 2023-06-19 2024-06-30 14946128 countries:EnglandWales 2023-06-19 2024-06-30 14946128 bus:Director1 1 2023-06-18 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 14946128

Chapel Motors Ltd

Annual Report and Unaudited Financial Statements

for the Period from 19 June 2023 to 30 June 2024

 

Chapel Motors Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

Chapel Motors Ltd

Company Information

Director

Mr Paul Ivor Saundry

Registered office

4 Chapel Terrace
Redruth Highway
Mount Ambrose
Redruth
Cornwall
TR15 1RT

Accountants

D.J. Reynolds & Co.
15 Alverton Street
Penzance
Cornwall
TR18 2QP

 

Chapel Motors Ltd

(Registration number: 14946128)
Balance Sheet as at 30 June 2024

Note

2024
£

Current assets

 

Stocks

4

8,694

Debtors

5

178

 

8,872

Creditors: Amounts falling due within one year

6

(16,372)

Net liabilities

 

(7,500)

Capital and reserves

 

Called up share capital

7

1

Retained earnings

(7,501)

Shareholders' deficit

 

(7,500)

For the financial period ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The member has not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 7 March 2025
 

.........................................
Mr Paul Ivor Saundry
Director

 

Chapel Motors Ltd

Notes to the Unaudited Financial Statements for the Period from 19 June 2023 to 30 June 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
4 Chapel Terrace
Redruth Highway
Mount Ambrose
Redruth
Cornwall
TR15 1RT

These financial statements were authorised for issue by the director on 7 March 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The company is likely to cease trading in the next financial period. However, due to the continued financial support of the director, the financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

 

Chapel Motors Ltd

Notes to the Unaudited Financial Statements for the Period from 19 June 2023 to 30 June 2024

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments.

3

Staff numbers

The average number of persons employed by the company (including the director) during the period, was 1.

4

Stocks

2024
£

Other inventories

8,694

5

Debtors

Current

2024
£

Prepayments

178

 

178

 

Chapel Motors Ltd

Notes to the Unaudited Financial Statements for the Period from 19 June 2023 to 30 June 2024

6

Creditors

Creditors: amounts falling due within one year

2024
£

Due within one year

Accruals and deferred income

960

Other creditors

15,412

16,372

7

Share capital

Allotted, called up and fully paid shares

 

2024

 

No.

£

Ordinary shares of £1 each

1

1

     

8

Related party transactions

Transactions with the director

2024

At 19 June 2023
£

Advances to director
£

Repayments by director
£

At 30 June 2024
£

Mr Paul Ivor Saundry

Interest-free loan from director repayable on demand

-

15,862

(31,274)

(15,412)