Registered number
07235591
Liz Chandler Limited
Accounts
For the Year ended
31 August 2024
Oakensen
Chartered Accountants
Bryer Ash Business Park
Trowbridge
Wiltshire
BA14 8HE
Liz Chandler Limited
Registered number: 07235591
Balance Sheet
as at 31 August 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 1 1
Current assets
Debtors 4 1,597 319
Cash at bank and in hand 139,375 134,621
140,972 134,940
Creditors: amounts falling due within one year 5 (25,888) (23,213)
Net current assets 115,084 111,727
Total assets less current liabilities 115,085 111,728
Creditors: amounts falling due after more than one year 6 (7,465) (10,475)
Net assets 107,620 101,253
Capital and reserves
Called up share capital 1 1
Profit and loss account 107,619 101,252
Shareholder's funds 107,620 101,253
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 her 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.
E A Chandler
Director
Approved by the board on 24 May 2025
Liz Chandler Limited
Notes to the Accounts
for the year ended 31 August 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 is recognised when payment is received.
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, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 9 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price, which is usually the invoice price, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price, which is usually the invoice price.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Equipment
£
Cost
At 1 September 2023 6,999
At 31 August 2024 6,999
Depreciation
At 1 September 2023 6,998
At 31 August 2024 6,998
Net book value
At 31 August 2024 1
At 31 August 2023 1
4 Debtors 2024 2023
£ £
Trade debtors 1,597 -
Other debtors - 319
1,597 319
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 3,613 3,524
Taxation and social security costs 11,804 5,108
Other creditors 10,471 14,581
25,888 23,213
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 6,863 10,475
Other creditors 602 -
7,465 10,475
7 Related party transactions
Included in creditors due after one year is an amount of £602 (2023 - £Nil) which is due to the director.
8 Other information
Liz Chandler Limited is a private company limited by shares and incorporated in England. Its registered office is:
15 Lansdown Place
Frome
Somerset
BA11 3HP
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