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Company Registration No. 11512856 (England and Wales)
S & N McManus-Chambers Ltd Unaudited accounts for the year ended 31 August 2024
S & N McManus-Chambers Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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S & N McManus-Chambers Ltd Company Information for the year ended 31 August 2024
Director
Stella McManus-Chambers
Company Number
11512856 (England and Wales)
Registered Office
28 Gloucester Road Ross-On-Wye HR9 5LE UNITED KINGDOM
Accountants
Wellington Consulting Ltd Rural Enterprise Centre Vincent Carey Road Office 34 Hereford Herefordshire HR2 6FE
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S & N McManus-Chambers Ltd Statement of financial position as at 31 August 2024
2024
2023
Notes
£
£
Fixed assets
Tangible assets
5
3,659
4,878
Current assets
Debtors
6
2,888
1,808
Cash at bank and in hand
21,564
26,742
24,452
28,550
Creditors: amounts falling due within one year
7
(22,435)
(21,370)
Net current assets
2,017
7,180
Total assets less current liabilities
5,676
12,058
Creditors: amounts falling due after more than one year
8
(69,560)
(77,151)
Net liabilities
(63,884)
(65,093)
Capital and reserves
Called up share capital
100
100
Profit and loss account
(63,984)
(65,193)
Shareholders' funds
(63,884)
(65,093)
For the year ending 31 August 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 director acknowledges her 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 and authorised for issue on 23 May 2025 and were signed on its behalf by
Stella McManus-Chambers Director Company Registration No. 11512856
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S & N McManus-Chambers Ltd Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
S & N McManus-Chambers Ltd is a private company, limited by shares, registered in England and Wales, registration number 11512856. The registered office is 28 Gloucester Road, Ross-On-Wye, HR9 5LE, UNITED KINGDOM.
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.
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
25% reducing balance
Motor vehicles
25% reducing balance
Intangible fixed assets
Intangible fixed assets being the franchise fee, are included at cost less accumulated amortisation.
Going concern
The accounts are prepared on a going concern basis as the director has no intention on calling on the amounts due to her.
4
Intangible fixed assets
Other
£
Cost
At 1 September 2023
17,995
At 31 August 2024
17,995
Amortisation
At 1 September 2023
17,995
At 31 August 2024
17,995
Net book value
At 31 August 2024
-
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S & N McManus-Chambers Ltd Notes to the Accounts for the year ended 31 August 2024
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 September 2023
5,287
7,600
12,887
At 31 August 2024
5,287
7,600
12,887
Depreciation
At 1 September 2023
3,106
4,903
8,009
Charge for the year
545
674
1,219
At 31 August 2024
3,651
5,577
9,228
Net book value
At 31 August 2024
1,636
2,023
3,659
At 31 August 2023
2,181
2,697
4,878
6
Debtors
2024
2023
£
£
Amounts falling due within one year
Trade debtors
2,888
1,808
7
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
2,044
2,155
VAT
17,653
16,649
Trade creditors
2,738
2,566
22,435
21,370
8
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans
12,372
14,547
Loans from directors
57,188
62,604
69,560
77,151
This amount includes a Government sponsored Bounce Back Loan now extended to 7 years. In addition the director has lent the company considerable funds but is not expecting repayment until the company can afford to do so.
9
Average number of employees
During the year the average number of employees was 15 (2023: 16).
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