Company Registration No. 07314036 (England and Wales)
CHIEF GRIPS LTD
Unaudited accounts
for the year ended 31 July 2026
CHIEF GRIPS LTD
Unaudited accounts
Contents
CHIEF GRIPS LTD
Company Information
for the year ended 31 July 2026
Secretary
Mrs June Susan Flemming
Company Number
07314036 (England and Wales)
Registered Office
8 Pinner View
Harrow
Middlesex
HA1 4QA
UK
Accountants
Majish
48a Bowrons Avenue
Wembley
Middlesex
HA0 4QP
CHIEF GRIPS LTD
Statement of financial position
as at 31 July 2026
Tangible assets
6,762
14,836
Cash at bank and in hand
155,722
172,805
Creditors: amounts falling due within one year
(101,688)
(156,270)
Net current assets
54,034
20,879
Total assets less current liabilities
60,796
35,715
Creditors: amounts falling due after more than one year
-
(376)
Called up share capital
100
100
Profit and loss account
60,696
35,239
Shareholders' funds
60,796
35,339
For the year ending 31 July 2026 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 15 October 2026 and were signed on its behalf by
John Flemming
Director
Company Registration No. 07314036
CHIEF GRIPS LTD
Notes to the Accounts
for the year ended 31 July 2026
CHIEF GRIPS LTD is a private company, limited by shares, registered in England and Wales, registration number 07314036. The registered office is 8 Pinner View, Harrow, Middlesex, HA1 4QA, UK.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
Straight Line over 5 years
Motor vehicles
Straight Line over 5 years
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
CHIEF GRIPS LTD
Notes to the Accounts
for the year ended 31 July 2026
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 August 2025
111,021
33,810
31,103
175,934
At 31 July 2026
111,021
33,810
31,737
176,568
At 1 August 2025
111,021
20,286
29,791
161,098
Charge for the year
-
6,762
1,946
8,708
At 31 July 2026
111,021
27,048
31,737
169,806
At 31 July 2026
-
6,762
-
6,762
At 31 July 2025
-
13,524
1,312
14,836
Amounts falling due within one year
7
Creditors: amounts falling due within one year
2026
2025
Obligations under finance leases and hire purchase contracts
-
4,516
Taxes and social security
35,215
37,754
Loans from directors
64,431
93,915
8
Creditors: amounts falling due after more than one year
2026
2025
Obligations under finance leases and hire purchase contracts
-
376
Amounts due to directors at the balance sheet date is £64,431 (2025: £93,741). The balance arose as a series of small loans. During the period expenses were paid by the director on behalf of the business and were subsequently reimbursed.
No guarantees have been given or accepted.
The company is controlled by J . Flemming and S Flemming by virtue of their shareholdings.
CHIEF GRIPS LTD
Notes to the Accounts
for the year ended 31 July 2026
11
Average number of employees
During the year the average number of employees was 2 (2025: 2).