Company No: 05897570 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2024		2023
		£		£
Fixed assets
Tangible assets	3	4,100		4,302
		4,100		4,302
Current assets
Debtors	4	86,865		146,361
Cash at bank and in hand		17,381		74,863
		104,246		221,224
Creditors: amounts falling due within one year	5	( 93,675)		( 160,768)
Net current assets		10,571		60,456
Total assets less current liabilities		14,671		64,758
Creditors: amounts falling due after more than one year	6	0		( 15,046)
Provision for liabilities		( 1,025)		( 818)
Net assets		13,646		48,894
Capital and reserves
Called-up share capital		100		100
Profit and loss account		13,546		48,794
Total shareholders' funds		13,646		48,894

For the financial year ending 31 December 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Edward Chappell Financial Services Limited (registered number: 05897570) were approved and authorised for issue by the Director on 23 September 2025. They were signed on its behalf by:

E A Chappell Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Edward Chappell Financial Services Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Towngate House, 2-8 Parkstone Road, Poole, BH15 2PW, United Kingdom. The principal place of business is 6 SmartBase, Target Road, Aviation Park West, Christchurch, BH23 6NW.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Revenue from services is recognised as they are delivered.

Taxation

Current tax
Current tax is provided at amounts expected to be paid using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings	5 years straight line
Plant and machinery	15 % reducing balance
Fixtures and fittings	15 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Employees

	2024		2023
	Number		Number
Monthly average number of persons employed by the Company during the year, including the director	2		2

3. Tangible assets

	Land and buildings		Plant and machinery		Fixtures and fittings		Total
	£		£		£		£
Cost
At 01 January 2024	8,284		24,835		0		33,119
Additions	0		0		450		450
At 31 December 2024	8,284		24,835		450		33,569
Accumulated depreciation
At 01 January 2024	8,284		20,533		0		28,817
Charge for the financial year	0		646		6		652
At 31 December 2024	8,284		21,179		6		29,469
Net book value
At 31 December 2024	0		3,656		444		4,100
At 31 December 2023	0		4,302		0		4,302

4. Debtors

	2024		2023
	£		£
Other debtors	86,865		146,361

5. Creditors: amounts falling due within one year

	2024		2023
	£		£
Bank loans	0		2,778
Corporation tax	40,556		70,402
Other taxation and social security	328		815
Other creditors	52,791		86,773
	93,675		160,768

6. Creditors: amounts falling due after more than one year

	2024		2023
	£		£
Bank loans	0		15,046

There are no amounts included above in respect of which any security has been given by the small entity.

7. Related party transactions

Transactions with the entity's director

	2024		2023
	£		£
Overdrawn Loan Account	66,433		130,257

Interest on the overdrawn loan account has been charged at the HMRC official rate of interest.