Chapel Garage (Chapel-en-le-Frith) - Accounts to registrar (filleted)

REGISTERED NUMBER: 07560891 (England and Wales)

Financial Statements for the Year Ended 31 March 2025

for

CHAPEL GARAGE (CHAPEL-EN-LE-FRITH)

LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

I M Buttrill

M Wilson

SECRETARY:

M Wilson

REGISTERED OFFICE:

Hayfield Road

Chapel-en-le-Frith

High Peak

Derbyshire

SK23 0JF

REGISTERED NUMBER:

07560891 (England and Wales)

ACCOUNTANT:

Mourne & Co

10 Market Street

Chapel-en-le-Frith

High Peak

Derbyshire

SK23 0HH

FIXED ASSETS

Intangible assets

5

-

Tangible assets

6

40,989

33,953

40,989

33,953

CURRENT ASSETS

Debtors

7

15,276

43,075

Cash at bank

459,549

472,222

474,825

515,297

CREDITORS

Amounts falling due within one year

8

41,798

125,195

NET CURRENT ASSETS

433,027

390,102

TOTAL ASSETS LESS CURRENT
LIABILITIES

474,016

424,055

CAPITAL AND RESERVES

Called up share capital

10

1,000

Retained earnings

11

473,016

423,055

SHAREHOLDERS' FUNDS

474,016

424,055

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 October 2025 and were signed on its behalf by:

I M Buttrill - Director

1.	STATUTORY INFORMATION

Chapel Garage (Chapel-en-le-Frith) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The principal accounting policies adopted in the preparation of the financial statements are set out below.

The financial statements have been prepared under the historic cost convention, except for modification to a fair value basis for certain fixed assets, as specified in the accounting policies below.

Turnover

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

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant & equipment

-

15% on reducing balance

Motor vehicles

-

20% on reducing balance

Computer equipment

-

25% on reducing balance

Financial instruments

The following assets and liabilities are classified as financial instruments; trade debtors, trade creditors, bank loans and directors loans.

Bank loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method.

Directors loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Income and Retained Earnings.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Employee benefits

Short term employee benefits, including holiday pay, are recognised as an expense in the Statement of Income and Retained Earnings in the period in which they are incurred.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

5.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

195

AMORTISATION

At 1 April 2024

and 31 March 2025

195

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

6.	TANGIBLE FIXED ASSETS

Plant &

Motor

Computer

equipment

vehicles

equipment

Totals

£

COST

At 1 April 2024

64,737

44,800

2,763

112,300

Additions

-

16,500

-

16,500

At 31 March 2025

64,737

61,300

2,763

128,800

DEPRECIATION

At 1 April 2024

51,155

25,480

1,712

78,347

Charge for year

2,037

7,164

263

9,464

At 31 March 2025

53,192

32,644

1,975

87,811

NET BOOK VALUE

At 31 March 2025

11,545

28,656

788

40,989

At 31 March 2024

13,582

19,320

1,051

33,953

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Trade debtors

15,276

43,075

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Trade creditors

6,696

8,402

Taxation

593

33,562

Social security & other taxes

348

339

VAT

31,901

30,892

Directors' current accounts

260

-

Accrued expenses

2,000

52,000

41,798

125,195

9.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.3.25

31.3.24

£

Within one year

12,000

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

1,000

Ordinary

£1

1,000

11.

RESERVES

Retained

earnings

£

At 1 April 2024

423,055

Profit for the year

59,961

Dividends

(10,000

)

At 31 March 2025

473,016

12.	ULTIMATE CONTROLLING PARTY

The controlling party is I M Buttrill.

The ultimate controlling party is I M Buttrill.