CHR Equipment Limited 03434752 false 2023-10-01 2024-09-30 2024-09-30 The principal activity of the company is designing and installing industrial kitchens and equipment. Digita Accounts Production Advanced 6.30.9574.0 true 03434752 2023-10-01 2024-09-30 03434752 2024-09-30 03434752 core:CurrentFinancialInstruments 2024-09-30 03434752 core:CurrentFinancialInstruments core:WithinOneYear 2024-09-30 03434752 core:Non-currentFinancialInstruments core:AfterOneYear 2024-09-30 03434752 core:FurnitureFittingsToolsEquipment 2024-09-30 03434752 core:LandBuildings 2024-09-30 03434752 core:MotorVehicles 2024-09-30 03434752 core:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2024-09-30 03434752 bus:SmallEntities 2023-10-01 2024-09-30 03434752 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 03434752 bus:FilletedAccounts 2023-10-01 2024-09-30 03434752 bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 03434752 bus:RegisteredOffice 2023-10-01 2024-09-30 03434752 bus:Director3 2023-10-01 2024-09-30 03434752 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 03434752 core:ComputerEquipment 2023-10-01 2024-09-30 03434752 core:FurnitureFittingsToolsEquipment 2023-10-01 2024-09-30 03434752 core:LandBuildings 2023-10-01 2024-09-30 03434752 core:LeaseholdImprovements 2023-10-01 2024-09-30 03434752 core:MotorVehicles 2023-10-01 2024-09-30 03434752 core:OfficeEquipment 2023-10-01 2024-09-30 03434752 core:Vehicles 2023-10-01 2024-09-30 03434752 core:KeyManagementPersonnel 2023-10-01 2024-09-30 03434752 core:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2023-10-01 2024-09-30 03434752 countries:EnglandWales 2023-10-01 2024-09-30 03434752 2023-09-30 03434752 core:FurnitureFittingsToolsEquipment 2023-09-30 03434752 core:LandBuildings 2023-09-30 03434752 core:MotorVehicles 2023-09-30 03434752 2022-10-01 2023-09-30 03434752 2023-09-30 03434752 core:CurrentFinancialInstruments 2023-09-30 03434752 core:CurrentFinancialInstruments core:WithinOneYear 2023-09-30 03434752 core:Non-currentFinancialInstruments core:AfterOneYear 2023-09-30 03434752 core:FurnitureFittingsToolsEquipment 2023-09-30 03434752 core:LandBuildings 2023-09-30 03434752 core:MotorVehicles 2023-09-30 iso4217:GBP xbrli:pure

Registration number: 03434752

CHR Equipment Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 September 2024

Pages for filing with Registrar

 

CHR Equipment Limited

Contents


 

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 9

 

CHR Equipment Limited

Company Information


 

Director

Mr P Neville

Registered office

Astar House
Fourfields
Bamber Bridge
Preston
Lancashire
PR5 6GS

 

CHR Equipment Limited

(Registration number: 03434752)
Balance Sheet as at 30 September 2024

Note

2024
£

2023
£

Tangible assets

4

116,261

10,425

Current assets

 

Stocks

-

8,535

Debtors

5

1,118,022

596,176

Cash at bank and in hand

 

214,937

643,702

 

1,332,959

1,248,413

Creditors: Amounts falling due within one year

6

(1,030,651)

(925,754)

Net current assets

 

302,308

322,659

Total assets less current liabilities

 

418,569

333,084

Creditors: Amounts falling due after more than one year

6

(100,775)

(65,038)

Provisions for liabilities

(18,947)

-

Net assets

 

298,847

268,046

Capital and reserves

 

Called up share capital

24

24

Retained earnings

298,823

268,022

Shareholders' funds

 

298,847

268,046

 

CHR Equipment Limited

(Registration number: 03434752)
Balance Sheet as at 30 September 2024 (continued)

For the financial 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.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 17 June 2025
 

.........................................
Mr P Neville
Director

 

CHR Equipment Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Astar House
Fourfields
Bamber Bridge
Preston
Lancashire
PR5 6GS

These financial statements were authorised for issue by the director on 17 June 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A for small entities and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in Sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Revenue recognition

Turnover represents the fair value of the consideration received or receivable in respect of services provided during the year, excluding value added tax. When the outcome of a transaction can be estimated reliably, turnover associated with the transaction is recognised in the profit and loss account by reference to the value of the unbilled work at the balance sheet date, provided that a right to consideration has been obtained through performance.

 

CHR Equipment Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024 (continued)

2

Accounting policies (continued)

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

33% on Straight line

Motor vehicles

25% on Reducing balance

Computer equipment

15% on Reducing balance

 

CHR Equipment Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024 (continued)

2

Accounting policies (continued)

Leasehold Improvementst

10% on Straight line

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Leases

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet and depreciated over their estimated useful lives. The interest element of these obligations is charged to the profit and loss account over the relevant period on a straight line basis. The capital element of the future payments is treated as a liability.

 

CHR Equipment Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024 (continued)

2

Accounting policies (continued)

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Financial instruments

Classification
The Company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments. Financial instruments are recognised in the Company’s statement of financial position when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and liability simultaneously.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. As equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

 

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 5 (2023 - 7).

 

CHR Equipment Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024 (continued)

4

Tangible assets

Leasehold Improvements
£

Office and computer equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 October 2023

-

59,315

105,175

164,490

Additions

6,090

-

107,210

113,300

Disposals

-

-

(20,567)

(20,567)

At 30 September 2024

6,090

59,315

191,818

257,223

Depreciation

At 1 October 2023

-

55,751

98,313

154,064

Charge for the year

484

1,224

1,458

3,166

Eliminated on disposal

-

-

(16,268)

(16,268)

At 30 September 2024

484

56,975

83,503

140,962

Carrying amount

At 30 September 2024

5,606

2,340

108,315

116,261

At 30 September 2023

-

3,563

6,862

10,425

5

Debtors

Current

2024
£

2023
£

Trade debtors

667,481

276,468

Amounts owed by related parties

168,718

230,022

Prepayments

239,286

82,215

Other debtors

42,537

7,471

 

1,118,022

596,176

Details of non-current trade and other debtors

£168,718 (2023 -£230,022) of Amounts owed by related parties is classified as non current.

 

CHR Equipment Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024 (continued)

6

Creditors

Creditors: amounts falling due within one year

2024
 £

2023
 £

Loans and borrowings

45,755

162,937

HP and finance lease liability

15,717

-

Trade creditors

540,579

181,242

Other taxation and social security

97,930

143,318

Other creditors

2,371

2,091

Accruals and deferred income

328,299

436,166

1,030,651

925,754

Due after one year

Loans and borrowings

19,282

65,038

HP and finance lease liability

81,493

-

100,775

65,038

7

Related party transactions

Loans to related parties

2024

Key management
£

Advanced & Repaid

41,224

Interest at 2.25%

93

At end of period

41,317

Terms of loans to related parties

Loans owed by key management are repayable on demand.