Company Registration No. 11207775 (England and Wales)
S.CHAPLIN JOINERY & MAINTENANCE LTD
Unaudited accounts
for the year ended 28 February 2022
S.CHAPLIN JOINERY & MAINTENANCE LTD
Unaudited accounts
Contents
S.CHAPLIN JOINERY & MAINTENANCE LTD
Company Information
for the year ended 28 February 2022
Company Number
11207775 (England and Wales)
Registered Office
3 FARTHING DRIVE
KINGSWOOD
HULL
HU7 3LD
ENGLAND
Accountants
Kendall Accountancy Services Limited
2 Exeter Street
New Village Road
Cottingham
East Yorkshire
HU16 4LU
S.CHAPLIN JOINERY & MAINTENANCE LTD
Statement of financial position
as at
28 February 2022
Tangible assets
16,190
15,097
Cash at bank and in hand
(7,890)
(4,331)
Creditors: amounts falling due within one year
(9,722)
(4,031)
Net current (liabilities)/assets
(224)
6,202
Total assets less current liabilities
15,966
21,299
Creditors: amounts falling due after more than one year
(19,451)
(25,255)
Provisions for liabilities
Net liabilities
(5,706)
(3,956)
Called up share capital
100
100
Profit and loss account
(5,806)
(4,056)
Shareholders' funds
(5,706)
(3,956)
For the year ending 28 February 2022 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 21 September 2022 and were signed on its behalf by
Mr S Chaplin
Director
Company Registration No. 11207775
S.CHAPLIN JOINERY & MAINTENANCE LTD
Notes to the Accounts
for the year ended 28 February 2022
S.CHAPLIN JOINERY & MAINTENANCE LTD is a private company, limited by shares, registered in England and Wales, registration number 11207775. The registered office is 3 FARTHING DRIVE, KINGSWOOD, HULL, HU7 3LD, ENGLAND.
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
25% cost
Computer equipment
25% cost
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
S.CHAPLIN JOINERY & MAINTENANCE LTD
Notes to the Accounts
for the year ended 28 February 2022
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
These accounts have been prepared on the going concern basis, on the understanding that the directors and shareholders will continue to financially support the company during this uncertain period.
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 March 2021
2,500
18,604
788
21,892
Additions
4,500
-
-
4,500
At 28 February 2022
7,000
18,604
788
26,392
At 1 March 2021
575
5,678
542
6,795
Charge for the year
625
2,585
197
3,407
At 28 February 2022
1,200
8,263
739
10,202
At 28 February 2022
5,800
10,341
49
16,190
At 28 February 2021
1,925
12,926
246
15,097
Amounts falling due within one year
Trade debtors
3,633
2,017
Accrued income and prepayments
632
632
Other debtors
6,123
4,915
S.CHAPLIN JOINERY & MAINTENANCE LTD
Notes to the Accounts
for the year ended 28 February 2022
6
Creditors: amounts falling due within one year
2022
2021
Bank loans and overdrafts
1,700
-
Obligations under finance leases and hire purchase contracts
3,396
3,081
Taxes and social security
2,665
161
Other creditors
1,961
789
7
Creditors: amounts falling due after more than one year
2022
2021
Obligations under finance leases and hire purchase contracts
4,859
8,255
8
Share capital
2022
2021
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
9
Average number of employees
During the year the average number of employees was 2 (2021: 1).