Registered number
SC663255
CHAPELTON. AS LTD
11 Main Street
Strathaven
Filleted Accounts
for the year ended 31 August 2024
Yousaf & Co. Ltd
Chartered Certified Accountants
Registered Auditors
298-300 Maxwell Road
Glasgow
G41 1PJ
Ref: C221/SA
CHAPELTON. AS LTD
Registered number: SC663255
Balance Sheet
as at 31 August 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 14,000 4,912
Current assets
Stocks 16,938 14,354
Cash at bank and in hand 5,399 9,145
22,337 23,499
Creditors: amounts falling due within one year 4 (25,690) (15,590)
Net current assets/(liabilities) (3,353) 7,909
Total assets less current liabilities 10,647 12,821
Creditors: amounts falling due after more than one year 5 (28,392) (22,523)
Net assets/(liabilities) (17,745) (9,702)
Capital and reserves
Called up share capital 100 100
Profit and loss account (17,845) (9,802)
Shareholders' funds (17,745) (9,702)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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.
Mr Abbas Mohammed Hussain
Director
Approved by the board on 24 February 2025
CHAPELTON. AS LTD
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 includes revenue earned from the sale of goods. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.
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:
Fixtures, fittings, tools and equipment 10% reducing balance
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.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Fixture & fittings
£
Cost
At 1 September 2023 6,593
Additions 10,643
At 31 August 2024 17,236
Depreciation
At 1 September 2023 1,681
Charge for the year 1,555
At 31 August 2024 3,236
Net book value
At 31 August 2024 14,000
At 31 August 2023 4,912
4 Creditors: amounts falling due within one year 2024 2023
£ £
Capital on Tap 7,549 4,698
Trade creditors 16,947 9,436
Other creditors 1,194 1,456
25,690 15,590
5 Creditors: amounts falling due after one year 2024 2023
£ £
Director's loan account 20,303 22,516
Youlend - loan 8,089 7
28,392 22,523
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