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REGISTERED NUMBER: 09865570 (England and Wales)

















Unaudited Financial Statements

for the Year Ended 30 November 2024

for

Cheshire Tap Ltd

Cheshire Tap Ltd (Registered number: 09865570)






Contents of the Financial Statements
for the Year Ended 30 November 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 8

Cheshire Tap Ltd

Company Information
for the Year Ended 30 November 2024







DIRECTOR: Mr P S Dey





REGISTERED OFFICE: Unit 10 Valley Court Sanderson Way
Middlewich
CW10 0GF





REGISTERED NUMBER: 09865570 (England and Wales)





ACCOUNTANTS: Sterling Partners Limited
Chartered Accountants
Chartered Tax Advisors
2nd Floor, Grove House
774-780 Wilmslow Road
Didsbury
Manchester
Greater Manchester
M20 2DR

Cheshire Tap Ltd (Registered number: 09865570)

Balance Sheet
30 November 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 3 45,859 59,421

CURRENT ASSETS
Stocks 27,130 28,988
Debtors 4 503,073 429,481
Cash at bank and in hand 84,583 76,016
614,786 534,485
CREDITORS
Amounts falling due within one year 5 (127,530 ) (137,627 )
NET CURRENT ASSETS 487,256 396,858
TOTAL ASSETS LESS CURRENT
LIABILITIES

533,115

456,279

CREDITORS
Amounts falling due after more than one
year

6

(5,837

)

(15,837

)

PROVISIONS FOR LIABILITIES (10,414 ) (13,573 )
NET ASSETS 516,864 426,869

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 516,854 426,859
516,864 426,869

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Cheshire Tap Ltd (Registered number: 09865570)

Balance Sheet - continued
30 November 2024


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 August 2025 and were signed by:





Mr P S Dey - Director


Cheshire Tap Ltd (Registered number: 09865570)

Notes to the Financial Statements
for the Year Ended 30 November 2024

1. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 25% on reducing balance
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2023 - 18 ) .

Cheshire Tap Ltd (Registered number: 09865570)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

3. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 December 2023 113,752 45,648 44,865 5,382 209,647
Additions 700 1,011 - - 1,711
Disposals (2,356 ) (508 ) - - (2,864 )
At 30 November 2024 112,096 46,151 44,865 5,382 208,494
DEPRECIATION
At 1 December 2023 83,132 35,333 28,644 3,117 150,226
Charge for year 7,388 2,736 2,434 567 13,125
Eliminated on disposal (589 ) (127 ) - - (716 )
At 30 November 2024 89,931 37,942 31,078 3,684 162,635
NET BOOK VALUE
At 30 November 2024 22,165 8,209 13,787 1,698 45,859
At 30 November 2023 30,620 10,315 16,221 2,265 59,421

4. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 17,378 2,538
Payment on account 320 -
Other debtors 81,752 1,827
Prepayments 8,935 8,951
108,385 13,316

Amounts falling due after more than one year:
Directors' loan accounts 394,688 416,165

Aggregate amounts 503,073 429,481

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 9,996 9,996
Trade creditors 12,767 21,214
Tax 66,008 56,419
Social security and other taxes 3,981 15,050
Pension liability 616 437
VAT 29,122 26,084
Accrued expenses 5,040 8,427
127,530 137,627

Cheshire Tap Ltd (Registered number: 09865570)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 5,837 9,996
Bank loans - 2-5 years - 5,841
5,837 15,837

7. OTHER FINANCIAL COMMITMENTS

The company does not have an operating lease in place in respect of rent, it is currently on a rolling basis.

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 November 2024 and 30 November 2023:

2024 2023
£    £   
Mr P S Dey
Balance outstanding at start of year (416,165 ) (92,416 )
Amounts advanced 100,000 418
Amounts repaid (78,523 ) (324,167 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (394,688 ) (416,165 )

9. RELATED PARTY DISCLOSURES

Wizard Property Development Ltd

A company in which Mr P S Dey is a director


2024 2023
£    £   
Amount due to related party at the balance sheet date 951 1,006

Mr R G Dey


2024 2023
£    £   
Amount due from related party at the balance sheet date 70,003 -

Dey Motor Company Limited

A company in which Mr P S Dey is a director


2024 2023
£    £   
Amount due to related party at the balance sheet date - 360

Cheshire Tap Ltd (Registered number: 09865570)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

9. RELATED PARTY DISCLOSURES - continued

I Call Myself Sanchez Ltd

A company in which Mr P S Dey is a director




2024 2023
£    £   
Amount due from related party at the balance sheet date 566 499

Mr C Joyce


2024 2023
£    £   
Amount due from related party at the balance sheet date 9,605 435

Bar Astoria Ltd

A company in which Mr P S Dey is a director


2024 2023
£    £   
Amount due from related party at the balance sheet date 2,529 2,258

10. ULTIMATE CONTROLLING PARTY

The controlling party is Mr P S Dey.

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Cheshire Tap Ltd (Registered number: 09865570)

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Cheshire Tap Ltd for the year ended 30 November 2024 which comprise the Income Statement, Balance Sheet and the 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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Cheshire Tap Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Cheshire Tap Ltd and state those matters that we have agreed to state to the director of Cheshire Tap Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Cheshire Tap Ltd and its director for our work or for this report.

It is your duty to ensure that Cheshire Tap Ltd 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 Cheshire Tap Ltd. You consider that Cheshire Tap Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Cheshire Tap Ltd. 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.






Sterling Partners Limited
Chartered Accountants
Chartered Tax Advisors
2nd Floor, Grove House
774-780 Wilmslow Road
Didsbury
Manchester
Greater Manchester
M20 2DR


Date: .............................................