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Company Registration No. 14546011 (England and Wales)
Chafer Racing Developments Ltd Unaudited accounts for the year ended 31 January 2025
Chafer Racing Developments Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Chafer Racing Developments Ltd Company Information for the year ended 31 January 2025
Director
A. Chafer
Company Number
14546011 (England and Wales)
Registered Office
Unit 17 Horham Business Park Horham Road Denham Eye IP21 5DQ United Kingdom
Accountants
Aldertons Accountants Oak House 2 Woodward Close Ipswich Suffolk IP2 0EA
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Chafer Racing Developments Ltd Statement of financial position as at 31 January 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
10,755
14,354
Current assets
Inventories
26,553
8,500
Debtors
5
12,410
9,689
Cash at bank and in hand
3,871
740
42,834
18,929
Creditors: amounts falling due within one year
6
(33,819)
(26,530)
Net current assets/(liabilities)
9,015
(7,601)
Net assets
19,770
6,753
Capital and reserves
Called up share capital
1
1
Profit and loss account
19,769
6,752
Shareholders' funds
19,770
6,753
For the year ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 14 October 2025 and were signed on its behalf by
A. Chafer Director Company Registration No. 14546011
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Chafer Racing Developments Ltd Notes to the Accounts for the year ended 31 January 2025
1
Statutory information
Chafer Racing Developments Ltd is a private company, limited by shares, registered in England and Wales, registration number 14546011. The registered office is Unit 17 Horham Business Park Horham Road, Denham, Eye, IP21 5DQ, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
5 years
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 February 2024
10,648
7,346
17,994
At 31 January 2025
10,648
7,346
17,994
Depreciation
At 1 February 2024
2,171
1,469
3,640
Charge for the year
2,130
1,469
3,599
At 31 January 2025
4,301
2,938
7,239
Net book value
At 31 January 2025
6,347
4,408
10,755
At 31 January 2024
8,477
5,877
14,354
5
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
9,933
7,950
Accrued income and prepayments
2,477
1,739
12,410
9,689
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Chafer Racing Developments Ltd Notes to the Accounts for the year ended 31 January 2025
6
Creditors: amounts falling due within one year
2025
2024
£
£
VAT
4,463
2,667
Taxes and social security
4,576
1,700
Other creditors
-
894
Loans from directors
22,880
19,679
Accruals
1,900
1,590
33,819
26,530
7
Average number of employees
During the year the average number of employees was 1 (2024: 1).
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