Company Registration No. 2048862 (England and Wales)
Cheneler Products Limited
Unaudited accounts
for the year ended 30 November 2020
Cheneler Products Limited
Statement of financial position
as at
30 November 2020
Tangible assets
30,292
22,530
Cash at bank and in hand
101,524
75,841
Creditors: amounts falling due within one year
(51,857)
(38,199)
Net current assets
89,586
69,280
Total assets less current liabilities
119,878
91,810
Creditors: amounts falling due after more than one year
(54,750)
(7,917)
Provisions for liabilities
Deferred tax
(525)
(1,407)
Called up share capital
100
100
Share premium
6,870
6,870
Profit and loss account
57,633
75,516
Shareholders' funds
64,603
82,486
For the year ending 30 November 2020 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 May 2021 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 2020
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
4
Tangible fixed assets
Plant & machinery
Cost or valuation
At cost
At 1 December 2019
135,059
At 30 November 2020
146,187
At 1 December 2019
112,529
Charge for the year
4,883
At 30 November 2020
115,895
At 30 November 2020
30,292
At 30 November 2019
22,530
Cheneler Products Limited
Notes to the Accounts
for the year ended 30 November 2020
5
Debtors: amounts falling due within one year
2020
2019
Trade debtors
36,419
28,138
6
Creditors: amounts falling due within one year
2020
2019
Trade creditors
7,342
7,521
Taxes and social security
15,707
16,814
Other creditors
15,057
122
7
Creditors: amounts falling due after more than one year
2020
2019
Obligations under finance leases and hire purchase contracts
4,750
7,917
8
Average number of employees
During the year the average number of employees was 7 (2019: 7).