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REGISTERED NUMBER:
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A.E. CHAPMAN & CO. (OLD HILL) LIMITED |
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 30TH JUNE 2019 |
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REGISTERED NUMBER:
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A.E. CHAPMAN & CO. (OLD HILL) LIMITED |
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 30TH JUNE 2019 |
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A.E. CHAPMAN & CO. (OLD HILL) LIMITED (REGISTERED NUMBER: 00371611) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30TH JUNE 2019 |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
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A.E. CHAPMAN & CO. (OLD HILL) LIMITED |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 30TH JUNE 2019 |
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DIRECTORS: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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BANKERS: |
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153 High Street |
Blackheath |
West Midlands |
B65 0EB |
A.E. CHAPMAN & CO. (OLD HILL) LIMITED (REGISTERED NUMBER: 00371611) |
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BALANCE SHEET |
30TH JUNE 2019 |
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2019 | 2018 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
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Tangible assets | 5 |
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Investments | 6 |
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CURRENT ASSETS |
Stocks |
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Debtors | 7 |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year | 8 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one
year |
9 |
( |
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( |
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PROVISIONS FOR LIABILITIES | ( |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital | 11 |
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Capital redemption reserve |
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Fair value reserve |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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The directors acknowledge their responsibilities for: |
(a) |
ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies
Act 2006 and |
(b) |
preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
A.E. CHAPMAN & CO. (OLD HILL) LIMITED (REGISTERED NUMBER: 00371611) |
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BALANCE SHEET - continued |
30TH JUNE 2019 |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the Board of Directors on
by: |
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A.E. CHAPMAN & CO. (OLD HILL) LIMITED (REGISTERED NUMBER: 00371611) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30TH JUNE 2019 |
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1. | STATUTORY INFORMATION |
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A.E. Chapman & Co. (Old Hill) Limited is a
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Wales. The company's registered number and registered office address can be found on the Company |
Information page. |
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The presentation currency of the financial statements is the Pound Sterling (£). |
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The financial statements are rounded to the nearest £. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover represents net invoiced sales of goods and services, excluding value added tax. |
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Goodwill |
Goodwill, being the amounts paid in connection with the acquisition of businesses in 2013 and 2016, is being |
amortised evenly over its useful life of three years. |
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Intangible assets |
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost |
less any accumulated amortisation and any accumulated impairment losses. |
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Tangible fixed assets |
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Land and buildings | - |
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Plant and machinery etc | - |
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Stocks |
Stocks are valued at the lower of cost and estimated selling price less costs to sell, after making due allowance |
for obsolete and slow moving items. |
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Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to |
the extent that it relates to items recognised in other comprehensive income or directly in equity. |
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Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or |
substantively enacted by the balance sheet date. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
sheet date. |
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Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from |
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that |
have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the |
timing difference. |
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Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they |
will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
A.E. CHAPMAN & CO. (OLD HILL) LIMITED (REGISTERED NUMBER: 00371611) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30TH JUNE 2019 |
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2. | ACCOUNTING POLICIES - continued |
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Hire purchase and leasing commitments |
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held |
under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases |
are depreciated over their estimated useful lives or the lease term, whichever is the shorter. |
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The interest element of these obligations is charged to profit or loss over the relevant period. The capital element |
of the future payments is treated as a liability. |
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Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the company's pension |
scheme are charged to profit or loss in the period to which they relate. |
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Fixed asset investments |
Unlisted investments are included at fair value. |
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Cash and cash equivalents |
Cash and cash equivalents includes deposits held at call at banks. |
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Debtors |
Short term debtors are measured at transaction price, less any impairment. |
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Creditors |
Short term creditors are measured at transaction price, less any impairment. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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4. | INTANGIBLE FIXED ASSETS |
Goodwill |
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COST |
At 1st July 2018 |
and 30th June 2019 |
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AMORTISATION |
At 1st July 2018 |
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Charge for year |
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At 30th June 2019 |
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NET BOOK VALUE |
At 30th June 2019 |
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At 30th June 2018 |
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A.E. CHAPMAN & CO. (OLD HILL) LIMITED (REGISTERED NUMBER: 00371611) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30TH JUNE 2019 |
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5. | TANGIBLE FIXED ASSETS |
Plant and |
Land and | machinery |
buildings | etc | Totals |
£ | £ | £ |
COST |
At 1st July 2018 |
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Additions |
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Disposals |
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At 30th June 2019 |
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DEPRECIATION |
At 1st July 2018 |
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Charge for year |
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Eliminated on disposal |
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( |
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At 30th June 2019 |
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NET BOOK VALUE |
At 30th June 2019 |
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At 30th June 2018 |
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At the year end the company has equipment for use in operating leases of £54,531 (2018 £54,531). This is |
included in plant and machinery and the accumulated depreciation at the 30th June 2019 on these assets was |
£54,531 ( 2018 £53,150). |
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The net book value of tangible fixed assets includes £9,470 (2018 - £18,941) in respect of assets held under hire |
purchase contracts. |
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6. | FIXED ASSET INVESTMENTS |
Other |
investments |
£ |
COST OR VALUATION |
At 1st July 2018 |
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Revaluations |
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At 30th June 2019 |
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NET BOOK VALUE |
At 30th June 2019 |
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At 30th June 2018 |
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Cost or valuation at 30th June 2019 is represented by: |
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Other |
investments |
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Valuation in 2019 | 46,501 |
A.E. CHAPMAN & CO. (OLD HILL) LIMITED (REGISTERED NUMBER: 00371611) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30TH JUNE 2019 |
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6. | FIXED ASSET INVESTMENTS - continued |
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If fixed asset investments had not been revalued they would have been included at the following historical cost: |
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2019 | 2018 |
£ | £ |
Cost | 400 | 400 |
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Fixed asset investments were valued on a fair value basis on 31st March 2017 by the directors . |
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7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2019 | 2018 |
£ | £ |
Trade debtors |
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Other debtors |
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8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2019 | 2018 |
£ | £ |
Bank loans and overdrafts |
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Hire purchase contracts |
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Trade creditors |
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Taxation and social security |
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Other creditors |
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9. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR |
2019 | 2018 |
£ | £ |
Bank loans |
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10. | SECURED DEBTS |
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The following secured debts are included within creditors: |
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2019 | 2018 |
£ | £ |
Bank loans |
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Hire purchase contracts | - | 2,652 |
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The hire purchase liability is secured on the assets acquired under the hire purchase agreement. |
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The bank loan is secured by a personal guarantee from the directors. |
A.E. CHAPMAN & CO. (OLD HILL) LIMITED (REGISTERED NUMBER: 00371611) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30TH JUNE 2019 |
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11. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2019 | 2018 |
value: | £ | £ |
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Ordinary | £1 | 4,665 | 4,665 |
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12. | OTHER FINANCIAL COMMITMENTS |
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The company has operating lease commitments totalling £90,630 (2018 £51,000). |