COMPANY REGISTRATION NUMBER:
08431964
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Chesterfield Gas Company Limited |
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Filleted Unaudited Abridged Financial Statements |
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Chesterfield Gas Company Limited |
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Abridged Statement of Financial Position |
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31 March 2025
Fixed Assets
|
Tangible assets |
5 |
28,499 |
35,013 |
|
Investments |
6 |
119,950 |
119,950 |
|
--------- |
--------- |
|
148,449 |
154,963 |
|
|
|
|
Current Assets
|
Stocks |
15,000 |
18,000 |
|
Debtors |
19,260 |
15,438 |
|
Cash at bank and in hand |
36,993 |
40,032 |
|
-------- |
-------- |
|
71,253 |
73,470 |
|
|
|
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Creditors: amounts falling due within one year |
99,864 |
104,760 |
|
-------- |
--------- |
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Net Current Liabilities |
28,611 |
31,290 |
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--------- |
--------- |
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Total Assets Less Current Liabilities |
119,838 |
123,673 |
|
|
|
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Creditors: amounts falling due after more than one year |
5,538 |
16,014 |
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|
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Provisions
|
Taxation including deferred tax |
25,253 |
26,882 |
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--------- |
--------- |
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Net Assets |
89,047 |
80,777 |
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--------- |
--------- |
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|
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Capital and Reserves
|
Called up share capital |
8 |
100 |
100 |
|
Profit and loss account |
88,947 |
80,677 |
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-------- |
-------- |
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Shareholders Funds |
89,047 |
80,777 |
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-------- |
-------- |
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These abridged financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the abridged statement of income and retained earnings has not been delivered.
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.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its abridged financial statements for the year in question in accordance with section 476
;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements
.
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Chesterfield Gas Company Limited |
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Abridged Statement of Financial Position (continued) |
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31 March 2025
All of the members have consented to the preparation of the abridged statement of income and retained earnings and the abridged statement of financial position for the year ending 31 March 2025 in accordance with Section 444(2A) of the Companies Act 2006.
These abridged financial statements were approved by the
board of directors
and authorised for issue on
7 January 2026
, and are signed on behalf of the board by:
Company registration number:
08431964
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Chesterfield Gas Company Limited |
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Notes to the Abridged Financial Statements |
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Year Ended 31 March 2025
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 91-97 Saltergate, Chesterfield S40 1LA. The company's place of business is 10 Woodthorpe Road, Shuttlewood, Chesterfield S44 6RD.
2.
Statement of compliance
These abridged financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity. All of the members have consented to the preparation of abridged accounts in accordance with Section 444(2A) of the Companies Act 2006.
Revenue recognition
The turnover shown in the profit and loss account represents amounts earned during the year, exclusive of Value Added Tax.
Taxation
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more tax. Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
|
Plant & Equipment |
- |
10 years |
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Motor Vehicles |
- |
25% reducing balance |
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Investments
Investment property is carried at fair value determined annually. No deprecation is provided. Changes in fair value are recognised in the profit and loss for the period
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Financial instruments
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 entity after deducting all of its financial liabilities.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
5
(2024:
4
).
5.
Tangible assets
|
£ |
|
Cost |
|
|
At 1 April 2024 and 31 March 2025 |
92,308 |
|
-------- |
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Depreciation |
|
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At 1 April 2024 |
57,295 |
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Charge for the year |
6,514 |
|
-------- |
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At 31 March 2025 |
63,809 |
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-------- |
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Carrying amount |
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At 31 March 2025 |
28,499 |
|
-------- |
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At 31 March 2024 |
35,013 |
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-------- |
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6.
Investments
|
£ |
|
Cost |
|
|
At 1 April 2024 and 31 March 2025 |
119,950 |
|
--------- |
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Impairment |
|
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At 1 April 2024 and 31 March 2025 |
– |
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--------- |
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Carrying amount |
|
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At 31 March 2025 |
119,950 |
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--------- |
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At 31 March 2024 |
119,950 |
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--------- |
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7.
Secured liabilities
The aggregate amount of secured liabilities, secured on the assets of the company at the year end were £15,658 (2024: £25,830).
8.
Called up share capital
Issued, called up and fully paid
|
2025 |
2024 |
|
No. |
£ |
No. |
£ |
|
Ordinary shares of £ 1 each |
100 |
100 |
100 |
100 |
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---- |
---- |
---- |
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