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COMPANY REGISTRATION NUMBER: 12567920
Chase Delivers Ltd
Filleted Unaudited Financial Statements
For the period ended
30 April 2024
Chase Delivers Ltd
Statement of Financial Position
30 April 2024
2024
2023
Note
£
£
Fixed assets
Tangible assets
5
33,944
45,258
Current assets
Debtors
6
73,432
21,530
Cash at bank and in hand
296,370
349,043
---------
---------
369,802
370,573
Creditors: amounts falling due within one year
7
137,728
96,719
---------
---------
Net current assets
232,074
273,854
---------
---------
Total assets less current liabilities
266,018
319,112
Creditors: amounts falling due after more than one year
8
39,190
42,359
---------
---------
Net assets
226,828
276,753
---------
---------
Capital and reserves
Called up share capital
4
4
Profit and loss account
226,824
276,749
---------
---------
Shareholder funds
226,828
276,753
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Chase Delivers Ltd
Statement of Financial Position (continued)
30 April 2024
These financial statements were approved by the board of directors and authorised for issue on 28 April 2025 , and are signed on behalf of the board by:
K M Dawes
Director
Company registration number: 12567920
Chase Delivers Ltd
Notes to the Financial Statements
Year ended 30 April 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 45 Hockers Lane, Detling, Maidstone, ME14 3JN.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures and fittings
-
25% reducing balance
Motor vehicles
-
25% reducing balance
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Finance leases and hire purchase contracts
Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2023: 2 ).
5. Tangible assets
Fixtures and fittings
Motor vehicles
Total
£
£
£
Cost
At 1 May 2023 and 30 April 2024
2,835
58,750
61,585
-------
--------
--------
Depreciation
At 1 May 2023
1,639
14,688
16,327
Charge for the year
299
11,015
11,314
-------
--------
--------
At 30 April 2024
1,938
25,703
27,641
-------
--------
--------
Carrying amount
At 30 April 2024
897
33,047
33,944
-------
--------
--------
At 30 April 2023
1,196
44,062
45,258
-------
--------
--------
6. Debtors
2024
2023
£
£
Trade debtors
71,580
21,530
Other debtors
1,852
--------
--------
73,432
21,530
--------
--------
7. Creditors: amounts falling due within one year
2024
2023
£
£
Corporation tax
59,756
43,322
Social security and other taxes
71,574
37,897
Other creditors
6,398
15,500
---------
--------
137,728
96,719
---------
--------
8. Creditors: amounts falling due after more than one year
2024
2023
£
£
Other creditors
39,190
42,359
--------
--------
9. Directors' advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2024
Balance brought forward
Advances/ (credits) to the directors
Balance outstanding
£
£
£
N R Lewis
( 8,579)
8,150
( 429)
K M Dawes
( 2,977)
2,977
--------
--------
----
( 11,556)
11,127
( 429)
--------
--------
----
2023
Balance brought forward
Advances/ (credits) to the directors
Balance outstanding
£
£
£
N R Lewis
( 8,059)
( 520)
( 8,579)
K M Dawes
( 2,457)
( 520)
( 2,977)
--------
-------
--------
( 10,516)
( 1,040)
( 11,556)
--------
-------
--------