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REGISTERED NUMBER: 05712176















Unaudited Financial Statements for the Year Ended 28 February 2025

for

S.m.chatterton Limited

S.m.chatterton Limited (Registered number: 05712176)






Contents of the Financial Statements
for the Year Ended 28 February 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


S.m.chatterton Limited

Company Information
for the Year Ended 28 February 2025







DIRECTORS: S Chatterton
Mrs J Chatterton





SECRETARY: Mrs J Chatterton





REGISTERED OFFICE: Lowlands Farm
Saxby
Market Rasen
North Lincolnshire
LN8 2DP





REGISTERED NUMBER: 05712176





ACCOUNTANTS: Discount Accountancy Services
7 Purbeck Road
Scunthorpe
North Lincolnshire
DN17 1TY

S.m.chatterton Limited (Registered number: 05712176)

Balance Sheet
28 February 2025

28.2.25 29.2.24
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 2,003 3,003
Tangible assets 5 11,089 9,919
13,092 12,922

CURRENT ASSETS
Stocks 500 500
Cash at bank 15,804 16,179
16,304 16,679
CREDITORS
Amounts falling due within one year 6 26,400 27,132
NET CURRENT LIABILITIES (10,096 ) (10,453 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,996

2,469

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 2,994 2,467
SHAREHOLDERS' FUNDS 2,996 2,469

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 June 2025 and were signed on its behalf by:



S Chatterton - Director


S.m.chatterton Limited (Registered number: 05712176)

Notes to the Financial Statements
for the Year Ended 28 February 2025

1. STATUTORY INFORMATION

S.m.chatterton Limited is a private company, limited by shares , registered in Not specified/Other. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

S.m.chatterton Limited (Registered number: 05712176)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2025

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 March 2024
and 28 February 2025 20,000
AMORTISATION
At 1 March 2024 16,997
Charge for year 1,000
At 28 February 2025 17,997
NET BOOK VALUE
At 28 February 2025 2,003
At 29 February 2024 3,003

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2024 44,393
Additions 3,680
At 28 February 2025 48,073
DEPRECIATION
At 1 March 2024 34,474
Charge for year 2,510
At 28 February 2025 36,984
NET BOOK VALUE
At 28 February 2025 11,089
At 29 February 2024 9,919

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.25 29.2.24
£    £   
Taxation and social security 3,754 4,831
Other creditors 22,646 22,301
26,400 27,132

S.m.chatterton Limited (Registered number: 05712176)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2025

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 28 February 2025 and 29 February 2024:

28.2.25 29.2.24
£    £   
S Chatterton and Mrs J Chatterton
Balance outstanding at start of year (21,290 ) (30,097 )
Amounts advanced 14,548 25,807
Amounts repaid (15,000 ) (17,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (21,742 ) (21,290 )