CHESTERTON FOOD SUPPLIES LIMITED

Company Registration Number:
12814347 (England and Wales)

Unaudited abridged accounts for the year ended 31 August 2024

Period of accounts

Start date: 01 September 2023

End date: 31 August 2024

CHESTERTON FOOD SUPPLIES LIMITED

Contents of the Financial Statements

for the Period Ended 31 August 2024

Balance sheet
Notes

CHESTERTON FOOD SUPPLIES LIMITED

Balance sheet

As at 31 August 2024


Notes

2024

2023


£

£
Fixed assets
Tangible assets: 3 119,514 111,927
Total fixed assets: 119,514 111,927
Current assets
Stocks: 298,964 273,692
Debtors:   1,530,305 1,389,960
Cash at bank and in hand: 725,230 219,730
Total current assets: 2,554,499 1,883,382
Creditors: amounts falling due within one year: 4 (1,639,061) (1,137,475)
Net current assets (liabilities): 915,438 745,907
Total assets less current liabilities: 1,034,952 857,834
Creditors: amounts falling due after more than one year: 5 (339,429) (380,988)
Total net assets (liabilities): 695,523 476,846
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 695,423 476,746
Shareholders funds: 695,523 476,846

The notes form part of these financial statements

CHESTERTON FOOD SUPPLIES LIMITED

Balance sheet statements

For the year ending 31 August 2024 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 25 April 2025
and signed on behalf of the board by:

Name: Basharat Khan
Status: Director

The notes form part of these financial statements

CHESTERTON FOOD SUPPLIES LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

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.

Tangible fixed assets and depreciation policy

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: Plant and machinery 15% reducing balance Motor vehicles 20% reducing balance

Valuation and information policy

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.

CHESTERTON FOOD SUPPLIES LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2024

2. Employees

2024 2023
Average number of employees during the period 14 14

CHESTERTON FOOD SUPPLIES LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2024

3. Tangible Assets

Total
Cost £
At 01 September 2023 188,164
Additions 33,344
At 31 August 2024 221,508
Depreciation
At 01 September 2023 76,237
Charge for year 25,757
At 31 August 2024 101,994
Net book value
At 31 August 2024 119,514
At 31 August 2023 111,927

CHESTERTON FOOD SUPPLIES LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2024

4. Creditors: amounts falling due within one year note

Accruals £84,000 Obligations under finance lease and hire purchase contracts £546 Corporation tax £72,822 Trade creditors £1,378,531 Taxation and social security costs £21,428 Other creditors £81,734

CHESTERTON FOOD SUPPLIES LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2024

5. Creditors: amounts falling due after more than one year note

Bank loans £237,848 Other creditors £101,581