Company Registration No. 04792946 (England and Wales)
Chisholms of Bargoed Limited
Unaudited accounts
for the year ended 30 June 2020
Chisholms of Bargoed Limited
Unaudited accounts
Contents
Chisholms of Bargoed Limited
Company Information
for the year ended 30 June 2020
Company Number
04792946 (England and Wales)
Registered Office
25A HIGH STREET
BARGOED
MID GLAMORGAN
CF81 8RA
Accountants
TMK Services
10 Coed y Bryn
Blackwood
Gwent
NP12 1HA
Chisholms of Bargoed Limited
Accountants' report
Accountants' report to the director of Chisholms of Bargoed Limited (the company)
These financial statements have been prepared in accordance with our terms of engagement and in order to assist you to fulfil your duties under the Companies Acts that relate to preparing the financial statements of the company for the year ended 30 June 2020.
We have prepared these financial statements based on the accounting records, information and explanations provided by you. We do not express any opinion on the financial statements.
On the balance sheet you have acknowledged your duties under the prevailing Companies Acts to ensure that the company keeps adequate accounting records and prepares financial statements that give "a true and fair view".
You have determined that the company is exempt from the statutory requirement for an audit for the year ended 30 June 2020. Therefore, the financial statements are unaudited.
The financial statements are provided exclusively to the director for the limited purpose mentioned above, and may not be used or relied upon for any other purpose or by any other person, and we shall not be liable for any other usage or reliance.
TMK Services
10 Coed y Bryn
Blackwood
Gwent
NP12 1HA
26 October 2020
Chisholms of Bargoed Limited
Statement of financial position
as at
30 June 2020
Tangible assets
3,869
4,549
Inventories
32,690
31,053
Cash at bank and in hand
6,586
10,430
Creditors: amounts falling due within one year
(11,361)
(11,187)
Net current assets
28,605
31,987
Called up share capital
100
100
Profit and loss account
32,374
36,436
Shareholders' funds
32,474
36,536
For the year ending 30 June 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 26 October 2020 and were signed on its behalf by
Andrew Tugwell
Director
Company Registration No. 04792946
Chisholms of Bargoed Limited
Notes to the Accounts
for the year ended 30 June 2020
Chisholms of Bargoed Limited is a private company, limited by shares, registered in England and Wales, registration number 04792946. The registered office is 25A HIGH STREET, BARGOED, MID GLAMORGAN, CF81 8RA.
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:
Motor vehicles
15% straight line
Fixtures & fittings
15% reducing balance
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 July 2019
15,600
1,879
17,479
At 30 June 2020
15,600
1,879
17,479
At 1 July 2019
11,475
1,455
12,930
Charge for the year
619
61
680
At 30 June 2020
12,094
1,516
13,610
At 30 June 2020
3,506
363
3,869
At 30 June 2019
4,125
424
4,549
Finished goods
32,690
31,053
Chisholms of Bargoed Limited
Notes to the Accounts
for the year ended 30 June 2020
7
Creditors: amounts falling due within one year
2020
2019
Trade creditors
2,388
4,620
Taxes and social security
477
4,722
Loans from directors
7,632
156
8
Average number of employees
During the year the average number of employees was 0 (2019: 0).