Company registration number 09726266 (England and Wales)
CHELSFIELD COMPLIANCE CONSULTANCY LIMITED
(CESSATION)
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
CHELSFIELD COMPLIANCE CONSULTANCY LIMITED
(CESSATION)
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
CHELSFIELD COMPLIANCE CONSULTANCY LIMITED
(CESSATION)
BALANCE SHEET
AS AT
31 MARCH 2025
31 March 2025
- 1 -
31 March 2025
31 August 2024
Notes
£
£
£
£
Fixed assets
Tangible assets
2
20,670
Current assets
Debtors
3
351
Cash at bank and in hand
23,725
28,490
24,076
28,490
Creditors: amounts falling due within one year
4
(18,076)
(34,454)
Net current assets/(liabilities)
6,000
(5,964)
Net assets
6,000
14,706
Capital and reserves
Called up share capital
5
200
200
Profit and loss reserves
5,800
14,506
Total equity
6,000
14,706
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
For the financial period ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 5 June 2025 and are signed on its behalf by:
Mr C Edwards
Director
Company registration number 09726266 (England and Wales)
CHELSFIELD COMPLIANCE CONSULTANCY LIMITED
(CESSATION)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2025
- 2 -
1
Accounting policies
Company information
Chelsfield Compliance Consultancy Limited is a private company limited by shares incorporated in England and Wales. The registered office is Kings Parade, Lower Coombe Street, Croydon, Surrey, CR0 1AA.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
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 £.
The financial statements have been prepared under the historical cost convention, The principal accounting policies adopted are set out below.
1.2
Going concern
These are the final financial statements as the company ceased trading on 31 March 2025.true
1.3
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and represent gross invoiced sales of services.
1.4
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Computer equipment
25% straight line
Motor vehicles
25% straight line
1.5
Cash at bank and in hand
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.6
Financial instruments
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.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
CHELSFIELD COMPLIANCE CONSULTANCY LIMITED
(CESSATION)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 3 -
Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
1.7
Taxation
The tax expense represents the sum of the tax currently payable.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
1.8
Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
1.9
Leases
Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.
2
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 September 2024
26,513
Disposals
(26,513)
At 31 March 2025
Depreciation and impairment
At 1 September 2024
5,843
Depreciation charged in the period
3,573
Eliminated in respect of disposals
(9,416)
At 31 March 2025
Carrying amount
At 31 March 2025
At 31 August 2024
20,670
CHELSFIELD COMPLIANCE CONSULTANCY LIMITED
(CESSATION)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 MARCH 2025
- 4 -
3
Debtors
2025
2024
Amounts falling due within one year:
£
£
Corporation tax recoverable
276
Prepayments and accrued income
75
351
4
Creditors: amounts falling due within one year
2025
2024
£
£
Corporation tax
3,234
Other creditors
14,826
29,002
Accruals and deferred income
3,250
2,218
18,076
34,454
5
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
100
100
100
100
Ordinary A shares of £1 each
100
100
100
100
200
200
200
200
6
Directors' transactions
At the year end, included in other creditors is an amount of £14,826 (2024: £29,002) due to the directors.