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Financial Statements for the Year Ended 31 July 2019 |
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Chase Alloys Holdings Limited |
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REGISTERED NUMBER:
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Financial Statements for the Year Ended 31 July 2019 |
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for |
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Chase Alloys Holdings Limited |
Chase Alloys Holdings Limited (Registered number: 09685748) |
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Contents of the Financial Statements |
for the Year Ended 31 July 2019 |
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Page |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
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Chase Alloys Holdings Limited |
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Company Information |
for the Year Ended 31 July 2019 |
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DIRECTORS: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Certified Accountants |
The Old Doctor's House |
74 Grange Road |
Dudley |
West Midlands |
DY1 2AW |
Chase Alloys Holdings Limited (Registered number: 09685748) |
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Balance Sheet |
31 July 2019 |
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31.7.19 | 31.7.18 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
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Tangible assets | 5 |
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Investments | 6 |
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CURRENT ASSETS |
Debtors | 7 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 8 |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one
year |
9 |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital | 10 |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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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. |
Chase Alloys Holdings Limited (Registered number: 09685748) |
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Balance Sheet - continued |
31 July 2019 |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the Board of Directors on
by: |
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Chase Alloys Holdings Limited (Registered number: 09685748) |
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Notes to the Financial Statements |
for the Year Ended 31 July 2019 |
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1. | STATUTORY INFORMATION |
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Chase Alloys Holdings Limited is a
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company's registered number and registered office address can be found on the Company Information page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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The financial statements have been prepared on a going concern basis. |
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Preparation of consolidated financial statements |
The financial statements contain information about Chase Alloys Holdings Limited as an individual company |
and do not contain consolidated financial information as the parent of a group. The company is exempt under |
Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements. |
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Related party exemption |
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The |
Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party |
transactions with wholly owned subsidiaries within the group. |
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Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, |
value added tax and other sales taxes. |
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Turnover from the renting of assets is recognised when the assets are used by the customer, the amount of the |
turnover can be measured reliably, it is probable the the economic benefits associated with the transaction will |
flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably. |
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Turnover from contracts of the provision of professional services is recognised by reference to the stage of |
completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated |
by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of |
total costs. Where the outcome cannot be estimated reliably, turnover is recognised only to the extent of the |
expenses recognised that are recoverable. |
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Goodwill |
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Tangible fixed assets |
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Plant and machinery | - |
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Fixtures and fittings | - |
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Investments in subsidiaries |
Investment in subsidiary undertakings are recognised at cost less impairment for diminution in value. |
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Financial instruments |
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible |
preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit |
or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes |
recognised in profit or loss. |
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Chase Alloys Holdings Limited (Registered number: 09685748) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 July 2019 |
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2. | ACCOUNTING POLICIES - continued |
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to |
the extent that it relates to items recognised in other comprehensive income or directly in equity. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
sheet date. |
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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. |
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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. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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4. | INTANGIBLE FIXED ASSETS |
Goodwill |
£ |
COST |
At 1 August 2018 |
and 31 July 2019 |
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NET BOOK VALUE |
At 31 July 2019 |
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At 31 July 2018 |
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Chase Alloys Holdings Limited (Registered number: 09685748) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 July 2019 |
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5. | TANGIBLE FIXED ASSETS |
Fixtures |
Plant and | and |
machinery | fittings | Totals |
£ | £ | £ |
COST |
At 1 August 2018 |
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Additions |
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At 31 July 2019 |
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DEPRECIATION |
At 1 August 2018 |
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Charge for year |
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At 31 July 2019 |
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NET BOOK VALUE |
At 31 July 2019 |
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At 31 July 2018 |
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6. | FIXED ASSET INVESTMENTS |
Shares in |
group |
undertakings |
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COST |
At 1 August 2018 |
and 31 July 2019 |
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NET BOOK VALUE |
At 31 July 2019 |
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At 31 July 2018 |
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7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.7.19 | 31.7.18 |
£ | £ |
Amounts owed by group undertakings |
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8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.7.19 | 31.7.18 |
£ | £ |
Bank loans and overdrafts |
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Tax |
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VAT | 2,072 | 2,074 |
Other creditors |
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Directors' loan accounts | 160,341 | 160,341 |
Accruals and deferred income |
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Chase Alloys Holdings Limited (Registered number: 09685748) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 July 2019 |
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9. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR |
31.7.19 | 31.7.18 |
£ | £ |
Other creditors |
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Directors' loan accounts | 149,002 | 306,882 |
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10. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.7.19 | 31.7.18 |
value: | £ | £ |
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Preference | £1 | 150,000 | 150,000 |
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Ordinary | £1 | 300,000 | 300,000 |
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Ordinary A | £1 | 150,000 | 150,000 |
600,000 | 600,000 |