Company Registration No. 00977183 (England and Wales)
Chalmers Wholesalers Limited
Unaudited accounts
for the year ended 31 October 2022
Chalmers Wholesalers Limited
Unaudited accounts
Contents
Chalmers Wholesalers Limited
Company Information
for the year ended 31 October 2022
Directors
J Chalmers
L Chalmers
Company Number
00977183 (England and Wales)
Registered Office
1 Harmer Street
Gravesend
Kent
DA12 2AP
Accountants
King & Taylor
123 Cross Lane East
Gravesend
Kent
DA12 5HA
Chalmers Wholesalers Limited
Statement of financial position
as at 31 October 2022
Cash at bank and in hand
12,683
13,413
Creditors: amounts falling due within one year
(23,876)
(20,263)
Net current assets
16,140
19,097
Called up share capital
1,000
1,000
Profit and loss account
15,709
18,829
Shareholders' funds
16,709
19,829
For the year ending 31 October 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 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 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 of Directors and authorised for issue on 23 June 2023 and were signed on its behalf by
J Chalmers
Director
Company Registration No. 00977183
Chalmers Wholesalers Limited
Notes to the Accounts
for the year ended 31 October 2022
Chalmers Wholesalers Limited is a private company, limited by shares, registered in England and Wales, registration number 00977183. The registered office is 1 Harmer Street, Gravesend, Kent, DA12 2AP.
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.
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.
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
10% reducing balance basis
Motor vehicles
20% reducing balance basis
Computer equipment
20% straight line basis
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.
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.
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.
Chalmers Wholesalers Limited
Notes to the Accounts
for the year ended 31 October 2022
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Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 November 2021
8,161
1,000
374
9,535
At 31 October 2022
8,161
1,000
374
9,535
At 1 November 2021
7,773
961
69
8,803
Charge for the year
78
10
75
163
At 31 October 2022
7,851
971
144
8,966
At 31 October 2022
310
29
230
569
At 31 October 2021
388
39
305
732
Amounts falling due within one year
Accrued income and prepayments
1,569
1,541
6
Creditors: amounts falling due within one year
2022
2021
Trade creditors
14,219
8,825
Taxes and social security
8,375
10,044
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Average number of employees
During the year the average number of employees was 5 (2021: 5).