Company registration number:
15349280
Chafer Products Limited
Unaudited filleted financial statements
30 November 2024
Chafer Products Limited
Contents
Directors and other information
Accountants report
Statement of financial position
Statement of changes in equity
Notes to the financial statements
Chafer Products Limited
Directors and other information
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Directors |
Mr Ryan Edkins |
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Company number |
15349280 |
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Registered office |
Sovereign House |
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82 West Street |
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Rochford |
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Essex |
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SS4 1AS |
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Accountants |
Murphy Collins Limited |
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Sovereign House |
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82 West Street |
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Rochford |
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Essex |
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SS4 1As |
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Chafer Products Limited
Chartered accountants report to the board of directors on the preparation of the
unaudited statutory financial statements of Chafer Products Limited
Period ended 30 November 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Chafer Products Limited for the period ended 30 November 2024 which comprise the statement of financial position, statement of changes in equity and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com /en/members/regulations-standards-and-guidance/.
This report is made solely to the board of directors of Chafer Products Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Chafer Products Limited and state those matters that we have agreed to state to the board of directors of Chafer Products Limited as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Chafer Products Limited and its board of directors as a body for our work or for this report.
It is your duty to ensure that Chafer Products Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Chafer Products Limited. You consider that Chafer Products Limited is exempt from the statutory audit requirement for the period.
We have not been instructed to carry out an audit or a review of the financial statements of Chafer Products Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Murphy Collins Limited
Sovereign House
82 West Street
Rochford
Essex
SS4 1As
7 August 2025
Chafer Products Limited
Statement of financial position
30 November 2024
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30/11/24 |
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Note |
£ |
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£ |
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Current assets |
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Stocks |
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5,500 |
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Debtors |
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5 |
33,454 |
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Cash at bank and in hand |
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27,921 |
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_______ |
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66,875 |
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Creditors: amounts falling due |
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within one year |
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6 |
(
39,774) |
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_______ |
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Net current assets |
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27,101 |
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_______ |
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Total assets less current liabilities |
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27,101 |
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_______ |
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Net assets |
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27,101 |
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_______ |
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Capital and reserves |
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Called up share capital |
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1 |
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Profit and loss account |
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27,100 |
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_______ |
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Shareholders funds |
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27,101 |
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_______ |
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For the period ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
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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;
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
07 August 2025
, and are signed on behalf of the board by:
Mr Ryan Edkins
Director
Company registration number:
15349280
Chafer Products Limited
Statement of changes in equity
Period ended 30 November 2024
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Called up share capital |
Profit and loss account |
Total |
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£ |
£ |
£ |
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At 13 December 2023 |
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- |
- |
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Profit for the period |
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27,100 |
27,100 |
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_______ |
_______ |
_______ |
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Total comprehensive income for the period |
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27,100 |
27,100 |
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Issue of shares |
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1 |
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1 |
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_______ |
_______ |
_______ |
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Total investments by and distributions to owners |
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1 |
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1 |
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At 30 November 2024 |
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27,100 |
27,101 |
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Chafer Products Limited
Notes to the financial statements
Period ended 30 November 2024
1.
General information
The company is a private company limited by shares, registered in England. The address of the registered office is Sovereign House, 82 West Street, Rochford, Essex, SS4 1AS.
2.
Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.
4.
Tax on profit
Major components of tax expense
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Period |
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ended |
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30/11/24 |
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£ |
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Current tax: |
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UK current tax expense |
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8,781 |
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Tax on profit |
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8,781 |
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_______ |
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5.
Debtors
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30/11/24 |
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£ |
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Other debtors |
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33,454 |
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_______ |
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6.
Creditors: amounts falling due within one year
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30/11/24 |
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£ |
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Corporation tax |
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8,781 |
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Other creditors |
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30,993 |
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_______ |
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39,774 |
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_______ |
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7.
Directors advances, credits and guarantees
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During the period the directors entered into the following advances and credits with the company: |
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Period ended 30/11/24 |
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Balance brought forward |
Advances /(credits) to the directors |
Amounts repaid |
Balance o/standing |
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£ |
£ |
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Mr Ryan Edkins |
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1 |
(
6,990) |
(
6,989) |
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8.
Controlling Party
Mr R Edkins controls the company