Company Registration No. 2048862 (England and Wales)
Cheneler Products Limited
Unaudited accounts
for the year ended 30 November 2019
Cheneler Products Limited
Statement of financial position
as at
30 November 2019
Tangible assets
22,530
16,152
Cash at bank and in hand
75,841
35,649
Creditors: amounts falling due within one year
(38,199)
(49,657)
Net current assets
69,280
55,390
Total assets less current liabilities
91,810
71,542
Creditors: amounts falling due after more than one year
(7,917)
-
Provisions for liabilities
Deferred tax
(1,407)
(2,354)
Called up share capital
100
100
Share premium
6,870
6,870
Profit and loss account
75,516
62,218
Shareholders' funds
82,486
69,188
For the year ending 30 November 2019 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 7 July 2020 and were signed on its behalf by
Martin Yates
Director
Company Registration No. 2048862
Cheneler Products Limited
Notes to the Accounts
for the year ended 30 November 2019
Cheneler Products Limited is a private company, limited by shares, registered in England and Wales, registration number 2048862. The registered office is LODGE 1, DEXTER GRANGE DEXTER LANE, HURLEY, ATHERSTONE, CV9 2JQ, 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
15% Reducing balance
Motor vehicles
25% Reducing balance
Cheneler Products Limited
Notes to the Accounts
for the year ended 30 November 2019
4
Tangible fixed assets
Plant & machinery
Cost or valuation
At cost
At 1 December 2018
166,375
At 30 November 2019
135,059
At 1 December 2018
150,223
Charge for the year
5,312
At 30 November 2019
112,529
At 30 November 2019
22,530
At 30 November 2018
16,152
Raw materials
3,500
3,500
Trade debtors
28,138
65,898
7
Creditors: amounts falling due within one year
2019
2018
Trade creditors
7,521
7,987
Taxes and social security
16,814
26,451
Other creditors
122
1,879
8
Creditors: amounts falling due after more than one year
2019
2018
Obligations under finance leases and hire purchase contracts
7,917
-
9
Average number of employees
During the year the average number of employees was 7 (2018: 7).