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Registered number: 09939329
Chalker Construction (Essex) Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2025
Stephen Farra Associates Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 09939329
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 17,869 23,825
17,869 23,825
CURRENT ASSETS
Stocks 5 200,300 280,497
Debtors 6 87,505 76,626
Cash at bank and in hand 304,917 254,740
592,722 611,863
Creditors: Amounts Falling Due Within One Year 7 (33,892 ) (66,013 )
NET CURRENT ASSETS (LIABILITIES) 558,830 545,850
TOTAL ASSETS LESS CURRENT LIABILITIES 576,699 569,675
PROVISIONS FOR LIABILITIES
Deferred Taxation (3,395 ) (5,759 )
NET ASSETS 573,304 563,916
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 573,204 563,816
SHAREHOLDERS' FUNDS 573,304 563,916
Page 1
Page 2
For the year ending 31 March 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 directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr D C Chalker
Director
05/11/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Chalker Construction (Essex) Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09939329 . The registered office is 2 Walden Way, Hornchurch, Essex, RM11 2LB.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% Reducing balance method
Motor Vehicles 25% Reducing balance method
Fixtures & Fittings 25% Reducing balance method
Computer Equipment 25% Reducing balance method
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
Page 3
Page 4
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2024: 3)
4 3
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 April 2024 28,000 18,250 2,400 5,361 54,011
As at 31 March 2025 28,000 18,250 2,400 5,361 54,011
Depreciation
As at 1 April 2024 7,000 16,423 2,160 4,603 30,186
Provided during the period 5,250 457 60 189 5,956
As at 31 March 2025 12,250 16,880 2,220 4,792 36,142
Net Book Value
As at 31 March 2025 15,750 1,370 180 569 17,869
As at 1 April 2024 21,000 1,827 240 758 23,825
5. Stocks
2025 2024
£ £
Stock 300 300
Work in progress 200,000 280,197
200,300 280,497
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 36,135 25,256
Amounts owed by group undertakings 51,370 51,370
87,505 76,626
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 12,675 10,905
Other creditors 6,312 5,593
Taxation and social security 14,905 49,515
33,892 66,013
8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
Page 4