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Company Registration No. 03926682 (England and Wales)
Chedington Compost Limited Unaudited accounts for the year ended 30 September 2024
Chedington Compost Limited Unaudited accounts Contents
Page
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Chedington Compost Limited Company Information for the year ended 30 September 2024
Directors
Alice Edmonds Scott Johnson
Company Number
03926682 (England and Wales)
Registered Office
North Buckham Farm Beaminster Dorset DT8 3SH England
Accountants
Wessex Commercial Solutions Limited Yeovil Innovation Centre Barracks Close Yeovil BA22 8RN
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Chedington Compost Limited Statement of financial position as at 30 September 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
72,274 
104,245 
Current assets
Inventories
10,562 
10,751 
Debtors
4,444 
7,870 
Cash at bank and in hand
7,299 
25,782 
22,305 
44,403 
Creditors: amounts falling due within one year
(38,883)
(4,543)
Net current (liabilities)/assets
(16,578)
39,860 
Total assets less current liabilities
55,696 
144,105 
Creditors: amounts falling due after more than one year
(121,513)
(217,790)
Net liabilities
(65,817)
(73,685)
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
(65,819)
(73,687)
Shareholders' funds
(65,817)
(73,685)
For the year ending 30 September 2024 the company was entitled to exemption from audit 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 30 April 2025 and were signed on its behalf by
Alice Edmonds Director Company Registration No. 03926682
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Chedington Compost Limited Notes to the Accounts for the year ended 30 September 2024
1
Statutory information
Chedington Compost Limited is a private company, limited by shares, registered in England and Wales, registration number 03926682. The registered office is North Buckham Farm, Beaminster, Dorset, DT8 3SH, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% on reducing balance
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Going concern
The financial statements have been prepared on a going concern basis. Historically, the company has incurred recurring losses, which raised material uncertainties regarding its ability to continue as a going concern. However, during the current financial year, the company has returned to profitability, achieving a net profit of £12385 compared to a net loss of £35131 in the previous year. The directors have reviewed the company’s forecasts and projections, taking into account current trading performance, available financing facilities, and expected future cash flows. Based on this review, the directors have a reasonable expectation that the company will continue to meet its obligations as they fall due for the foreseeable future. Accordingly, they consider it appropriate to prepare the financial statements on a going concern basis.
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Chedington Compost Limited Notes to the Accounts for the year ended 30 September 2024
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 October 2023
165,493 
Disposals
(23,737)
At 30 September 2024
141,756 
Depreciation
At 1 October 2023
61,248 
Charge for the year
18,068 
On disposals
(9,834)
At 30 September 2024
69,482 
Net book value
At 30 September 2024
72,274 
At 30 September 2023
104,245 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
- 
4,999 
Trade debtors
1,342 
200 
Accrued income and prepayments
3,102 
2,671 
4,444 
7,870 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
5,229 
- 
Trade creditors
880 
4,543 
Other creditors
31,699 
- 
Accruals
1,075 
- 
38,883 
4,543 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Amounts owed to group undertakings and other participating interests
- 
217,790 
Other creditors
121,513 
- 
121,513 
217,790 
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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