Registration number:
Chapel Court Accountancy Services Limited
for the Year Ended 30 November 2024
Chapel Court Accountancy Services Limited
Contents
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Company Information |
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Abridged Balance Sheet |
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Notes to the Unaudited Abridged Financial Statements |
Chapel Court Accountancy Services Limited
Company Information
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Director |
Mr C P Takle |
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Company secretary |
Mrs M J White |
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Registered office |
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Accountants |
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Chapel Court Accountancy Services Limited
(Registration number: 04594557)
Abridged Balance Sheet as at 30 November 2024
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Note |
2024 |
2023 |
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Fixed assets |
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Tangible assets |
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Current assets |
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Stocks |
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- |
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Debtors |
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Cash at bank and in hand |
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Prepayments and accrued income |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current assets |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
( |
( |
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Accruals and deferred income |
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( |
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Net assets |
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Capital and reserves |
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Called up share capital |
100 |
100 |
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Retained earnings |
7,883 |
77 |
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Shareholders' funds |
7,983 |
177 |
For the financial year ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
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The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.
Approved and authorised by the
Chapel Court Accountancy Services Limited
(Registration number: 04594557)
Abridged Balance Sheet as at 30 November 2024 (continued)
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Chapel Court Accountancy Services Limited
Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 November 2024
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General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
These financial statements were authorised for issue by the
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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 abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).
Basis of preparation
These abridged 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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Contract revenue recognition
Where the substance of a contract is that the contractual obligations are performed gradually over time, revenue is recognised as contract activity progresses to reflect the partial performance of our contractual obligations. The amount of revenue included reflects the accrual of the right to consideration as contract activity progresses by reference to value of the work performed.
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:
Chapel Court Accountancy Services Limited
Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 November 2024 (continued)
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2 |
Accounting policies (continued) |
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Asset class |
Depreciation method and rate |
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Fixtures and fittings |
33% on cost and 33% on reducing balance |
Goodwill
Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.
Amortisation
Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:
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Asset class |
Amortisation method and rate |
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Goodwill |
Over 15 years in connection with an acquisition of a business in 2002. |
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.
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Staff numbers |
The average number of persons employed by the company (including the director) during the year, was
Chapel Court Accountancy Services Limited
Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 November 2024 (continued)
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Intangible assets |
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Total |
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Cost or valuation |
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At 1 December 2023 |
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At 30 November 2024 |
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Amortisation |
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At 1 December 2023 |
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At 30 November 2024 |
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Carrying amount |
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At 30 November 2024 |
- |
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Tangible assets |
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Fixtures and fittings |
Total |
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Cost or valuation |
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At 1 December 2023 |
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At 30 November 2024 |
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Depreciation |
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At 1 December 2023 |
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Charge for the year |
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At 30 November 2024 |
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Carrying amount |
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At 30 November 2024 |
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At 30 November 2023 |
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Stocks |
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2024 |
2023 |
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Work in progress |
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- |
Chapel Court Accountancy Services Limited
Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 November 2024 (continued)
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Related party transactions |
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Transactions with the director |
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2024 |
At 1 December 2023 |
Advances to director |
Other payments made to company by director |
At 30 November 2024 |
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Mr C P Takle |
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Loan Account |
( |
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(822) |
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2023 |
At 1 December 2022 |
Advances to director |
Other payments made to company by director |
At 30 November 2023 |
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Mr C P Takle |
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Loan Account |
( |
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(93) |
( |