Registered number
12074861
CHESHIRE TRANSFERS LIMITED
Filleted Accounts
31 July 2024
CHESHIRE TRANSFERS LIMITED
Registered number: 12074861
Balance Sheet
as at 31 July 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 5,000 7,000
Tangible assets 4 45,593 63,590
50,593 70,590
Current assets
Debtors 5 25,216 20,510
Cash at bank and in hand 18,587 14,811
43,803 35,321
Creditors: amounts falling due within one year 6 (42,906) (60,409)
Net current assets/(liabilities) 897 (25,088)
Total assets less current liabilities 51,490 45,502
Creditors: amounts falling due after more than one year 7 (31,298) (36,719)
Net assets 20,192 8,783
Capital and reserves
Called up share capital 1 1
Profit and loss account 20,191 8,782
Shareholder's funds 20,192 8,783
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
M I Ahmed
Director
Approved by the board on 2 April 2025
CHESHIRE TRANSFERS LIMITED
Notes to the Accounts
for the year ended 31 July 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 14 14
3 Intangible fixed assets £
Goodwill:
Cost
At 1 August 2023 20,000
At 31 July 2024 20,000
Amortisation
At 1 August 2023 13,000
Provided during the year 2,000
At 31 July 2024 15,000
Net book value
At 31 July 2024 5,000
At 31 July 2023 7,000
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 August 2023 31,771 85,345 117,116
Additions 5,000 3,200 8,200
Disposals - (11,900) (11,900)
At 31 July 2024 36,771 76,645 113,416
Depreciation
At 1 August 2023 19,064 34,462 53,526
Charge for the year 4,766 9,531 14,297
At 31 July 2024 23,830 43,993 67,823
Net book value
At 31 July 2024 12,941 32,652 45,593
At 31 July 2023 12,707 50,883 63,590
5 Debtors 2024 2023
£ £
Other debtors 25,216 20,510
6 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 23,488 9,320
Taxation and social security costs 7,353 7,763
Other creditors 12,065 43,326
42,906 60,409
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 31,298 36,719
8 Other information
CHESHIRE TRANSFERS LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
Wood Street Mill
Wood Street
Macclesfield
SK11 6JQ
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