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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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