Caseware UK (AP4) 2024.0.164 2024.0.164 2024-11-302024-11-30No description of principal activityThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-12-01false87falsetruefalse 09308007 2023-12-01 2024-11-30 09308007 2022-12-01 2023-11-30 09308007 2024-11-30 09308007 2023-11-30 09308007 c:Director1 2023-12-01 2024-11-30 09308007 d:PlantMachinery 2023-12-01 2024-11-30 09308007 d:PlantMachinery 2024-11-30 09308007 d:PlantMachinery 2023-11-30 09308007 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-12-01 2024-11-30 09308007 d:MotorVehicles 2023-12-01 2024-11-30 09308007 d:MotorVehicles 2024-11-30 09308007 d:MotorVehicles 2023-11-30 09308007 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-12-01 2024-11-30 09308007 d:FurnitureFittings 2023-12-01 2024-11-30 09308007 d:FurnitureFittings 2024-11-30 09308007 d:FurnitureFittings 2023-11-30 09308007 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-12-01 2024-11-30 09308007 d:OfficeEquipment 2023-12-01 2024-11-30 09308007 d:OfficeEquipment 2024-11-30 09308007 d:OfficeEquipment 2023-11-30 09308007 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-12-01 2024-11-30 09308007 d:OwnedOrFreeholdAssets 2023-12-01 2024-11-30 09308007 d:CurrentFinancialInstruments 2024-11-30 09308007 d:CurrentFinancialInstruments 2023-11-30 09308007 d:Non-currentFinancialInstruments 2024-11-30 09308007 d:Non-currentFinancialInstruments 2023-11-30 09308007 d:CurrentFinancialInstruments d:WithinOneYear 2024-11-30 09308007 d:CurrentFinancialInstruments d:WithinOneYear 2023-11-30 09308007 d:Non-currentFinancialInstruments d:AfterOneYear 2024-11-30 09308007 d:Non-currentFinancialInstruments d:AfterOneYear 2023-11-30 09308007 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-11-30 09308007 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-11-30 09308007 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-11-30 09308007 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-11-30 09308007 d:ShareCapital 2024-11-30 09308007 d:ShareCapital 2023-11-30 09308007 d:RetainedEarningsAccumulatedLosses 2024-11-30 09308007 d:RetainedEarningsAccumulatedLosses 2023-11-30 09308007 c:FRS102 2023-12-01 2024-11-30 09308007 c:AuditExempt-NoAccountantsReport 2023-12-01 2024-11-30 09308007 c:FullAccounts 2023-12-01 2024-11-30 09308007 c:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 09308007 d:AcceleratedTaxDepreciationDeferredTax 2024-11-30 09308007 d:AcceleratedTaxDepreciationDeferredTax 2023-11-30 09308007 2 2023-12-01 2024-11-30 09308007 e:PoundSterling 2023-12-01 2024-11-30 iso4217:GBP xbrli:pure

Registered number: 09308007










RAY CHAPMAN FABRICATION LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2024

 
RAY CHAPMAN FABRICATION LIMITED
REGISTERED NUMBER: 09308007

STATEMENT OF FINANCIAL POSITION
AS AT 30 NOVEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
33,658
44,640

  
33,658
44,640

Current assets
  

Stocks
  
1,148
3,706

Debtors: amounts falling due within one year
 5 
46,770
68,117

Cash at bank and in hand
  
11,608
4,395

  
59,526
76,218

Creditors: amounts falling due within one year
 6 
(80,623)
(72,330)

Net current (liabilities)/assets
  
 
 
(21,097)
 
 
3,888

Total assets less current liabilities
  
12,561
48,528

Creditors: amounts falling due after more than one year
 7 
(10,000)
(30,000)

Provisions for liabilities
  

Deferred tax
 9 
-
(2,207)

  
 
 
-
 
 
(2,207)

Net assets
  
2,561
16,321


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
2,461
16,221

  
2,561
16,321

Page 1

 
RAY CHAPMAN FABRICATION LIMITED
REGISTERED NUMBER: 09308007
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 NOVEMBER 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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 financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the income statement in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




Mr J Sisterson
Director

Date: 4 August 2025

The notes on pages 3 to 10 form part of these financial statements.
Page 2

 
RAY CHAPMAN FABRICATION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

1.


General information

Ray Chapman Fabrication Limited is a private company limited by shares and incorporated in England and Wales, registration number 09308007. The registered office is The Workshop Rushall Hall Farm, Hall Lane, Rushall, Norfolk, IP21 4QB.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 presented in sterling which is the functional currency of the company and rounded to the nearest £.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

 
2.2

Going concern

The directors believet the company's financial statements should be prepared on a going concern basis on the grounds that current and future sources of funding or support will be more than adequate for the company's needs. The directors have considered a period of twelve months from the date of approval of the financial statements. The directors believe that no further disclosures relating to the company's ability to continue as a going concern need to be made in the financial statements.

Page 3

 
RAY CHAPMAN FABRICATION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

2.Accounting policies (continued)

 
2.3

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Sale of goods

Turnover from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 4

 
RAY CHAPMAN FABRICATION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

2.Accounting policies (continued)

 
2.7

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.8

Current and deferred taxation

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

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 income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.


 
2.9

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 5

 
RAY CHAPMAN FABRICATION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

2.Accounting policies (continued)


2.9
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
25% Reducing balance
Motor vehicles
-
25% Reducing balance
Fixtures and fittings
-
25% Reducing balance
Office equipment
-
25% Reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.10

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.11

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

The average monthly number of employees, including directors, during the year was 8 (2023 - 7).

Page 6

 
RAY CHAPMAN FABRICATION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

4.


Tangible fixed assets





Plant and machinery
Motor vehicles
Fixtures and fittings
Office equipment
Total

£
£
£
£
£



Cost or valuation


At 1 December 2023
32,815
68,760
2,635
6,182
110,392


Additions
302
-
-
-
302


Disposals
-
(2,300)
-
-
(2,300)



At 30 November 2024

33,117
66,460
2,635
6,182
108,394



Depreciation


At 1 December 2023
24,898
35,082
2,437
3,335
65,752


Charge for the year on owned assets
2,016
8,391
50
712
11,169


Disposals
-
(2,185)
-
-
(2,185)



At 30 November 2024

26,914
41,288
2,487
4,047
74,736



Net book value



At 30 November 2024
6,203
25,172
148
2,135
33,658



At 30 November 2023
7,917
33,678
198
2,847
44,640


5.


Debtors

2024
2023
£
£


Trade debtors
30,001
64,529

Other debtors
13,120
-

Prepayments and accrued income
3,649
3,588

46,770
68,117


Page 7

 
RAY CHAPMAN FABRICATION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
20,000
20,000

Trade creditors
39,330
28,604

Other taxation and social security
7,696
7,528

Other creditors
11,766
13,271

Accruals and deferred income
1,831
2,927

80,623
72,330



7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
10,000
30,000

10,000
30,000


Page 8

 
RAY CHAPMAN FABRICATION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

8.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
20,000
20,000


20,000
20,000

Amounts falling due 1-2 years

Bank loans
10,000
20,000


10,000
20,000

Amounts falling due 2-5 years

Bank loans
-
10,000


-
10,000


30,000
50,000

Page 9

 
RAY CHAPMAN FABRICATION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

9.


Deferred taxation




2024


£






At beginning of year
(2,207)


Charged to profit or loss
2,207



At end of year
-

The deferred taxation balance is made up as follows:

2024
2023
£
£


Accelerated capital allowances
-
2,207

-
2,207


10.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company  in an independently administered fund. The pension cost charge represents contributions payable by the Company  to the fund and amounted to £3,517 (2023 : £3,204). Contributions totalling £351 (2023 : £Nil) were payable to the fund at the reporting date and are included in creditors.


11.


Transactions with directors

At the start of the year the company owed a director £10,807. During the year £138,915 was advanced to the director and £115,000 repaid in the year. Interest on the loan has been charged totalling £12 at a rate of 2.25%. At the end of the year the director owes the company £13,120, this is shown in other debtors. The loan was repaid on 30 July 2025.

 
Page 10