Registered number
NI663096
CHP Services (N.I.) Ltd
Filleted Accounts
31 July 2024
CHP Services (N.I.) Ltd
Registered number: NI663096
Balance Sheet
as at 31 July 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 20,000 20,000
Tangible assets 4 297,126 292,513
317,126 312,513
Current assets
Debtors 5 136,139 51,907
Cash at bank and in hand 15,926 10,505
152,065 62,412
Creditors: amounts falling due within one year 6 (90,850) (78,508)
Net current assets/(liabilities) 61,215 (16,096)
Total assets less current liabilities 378,341 296,417
Creditors: amounts falling due after more than one year 7 (142,374) (170,948)
Net assets 235,967 125,469
Capital and reserves
Called up share capital 100 100
Profit and loss account 235,867 125,369
Shareholder's funds 235,967 125,469
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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.
Richard Sayers
Director
Approved by the board on 18 July 2025
CHP Services (N.I.) Ltd
Notes to the Accounts
for the year ended 31 July 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 and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Plant and machinery over 5 years
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.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Intangible fixed assets £
Goodwill:
Cost
At 1 August 2023 20,000
At 31 July 2024 20,000
Amortisation
At 31 July 2024 -
Net book value
At 31 July 2024 20,000
At 31 July 2023 20,000
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Land and buildings Plant and machinery Total
£ £ £
Cost
At 1 August 2023 161,800 157,093 318,893
Additions - 35,849 35,849
Disposals - (16,200) (16,200)
At 31 July 2024 161,800 176,742 338,542
Depreciation
At 1 August 2023 - 26,380 26,380
Charge for the year - 15,036 15,036
At 31 July 2024 - 41,416 41,416
Net book value
At 31 July 2024 161,800 135,326 297,126
At 31 July 2023 161,800 130,713 292,513
5 Debtors 2024 2023
£ £
Trade debtors 136,039 51,807
Other debtors 100 100
136,139 51,907
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 16,000 16,000
Obligations under finance lease and hire purchase contracts 12,574 12,574
Trade creditors 7,639 25,493
Taxation and social security costs 54,637 24,441
90,850 78,508
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 54,000 70,000
Obligations under finance lease and hire purchase contracts 28,374 40,948
Other creditors 60,000 60,000
142,374 170,948
8 Other information
CHP Services (N.I.) Ltd is a private company limited by shares and incorporated in Northern Ireland. Its registered office is:
38 Gortin Road
Omagh
Co Tyrone
BT79 7HX
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