Company Registration No. 10805728 (England and Wales)
Chiltern AD Management Ltd
Unaudited accounts
for the year ended 30 June 2021
Chiltern AD Management Ltd
Unaudited accounts
Contents
Chiltern AD Management Ltd
Company Information
for the year ended 30 June 2021
Director
Roger Justin Bradford
Company Number
10805728 (England and Wales)
Registered Office
Plantation Farmhouse
Beedon Common
Newbury
Berkshire
RG20 8TU
England
Accountants
mhaccounting
1 Barton Copse
Chieveley
Newbury
Berkshire
RG20 8RN
Chiltern AD Management Ltd
Statement of financial position
as at
30 June 2021
Tangible assets
150,829
183,149
Cash at bank and in hand
6,923
11,205
Creditors: amounts falling due within one year
(54,769)
(48,105)
Net current liabilities
(31,833)
(34,428)
Total assets less current liabilities
118,996
148,721
Creditors: amounts falling due after more than one year
(118,855)
(133,838)
Called up share capital
1
1
Profit and loss account
140
14,882
Shareholders' funds
141
14,883
For the year ending 30 June 2021 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 3 March 2022 and were signed on its behalf by
Roger Justin Bradford
Director
Company Registration No. 10805728
Chiltern AD Management Ltd
Notes to the Accounts
for the year ended 30 June 2021
Chiltern AD Management Ltd is a private company, limited by shares, registered in England and Wales, registration number 10805728. The registered office is Plantation Farmhouse, Beedon Common, Newbury, Berkshire, RG20 8TU, 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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
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
25% on reducing balance
Motor vehicles
25% on reducing balance
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts.
Deferred tax is recognised in respect on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
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 several of deferred tax liabilities or other future taxable profits.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The fixed interest element of rental obligations is charged to the profit and loss account over the period.
Chiltern AD Management Ltd
Notes to the Accounts
for the year ended 30 June 2021
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 July 2020
196,677
32,187
228,864
Additions
-
31,536
31,536
Disposals
-
(32,187)
(32,187)
At 30 June 2021
196,677
31,536
228,213
At 1 July 2020
27,108
18,607
45,715
Charge for the year
42,392
7,884
50,276
On disposals
-
(18,607)
(18,607)
At 30 June 2021
69,500
7,884
77,384
At 30 June 2021
127,177
23,652
150,829
At 30 June 2020
169,569
13,580
183,149
5
Debtors: amounts falling due within one year
2021
2020
Other debtors
14,590
2,300
6
Creditors: amounts falling due within one year
2021
2020
Bank loans and overdrafts
6,383
-
Obligations under finance leases and hire purchase contracts
29,313
44,850
Trade creditors
2,498
1,592
Loans from directors
-
25
7
Creditors: amounts falling due after more than one year
2021
2020
Obligations under finance leases and hire purchase contracts
102,618
114,423
Chiltern AD Management Ltd
Notes to the Accounts
for the year ended 30 June 2021
Overall risk to operations - The spread of COVID-19 has severely impacted many economies. Many businesses are being forced to cease or limit operations for long or indefinite periods of time. Measures taken to contain the spread of the virus, including travel bans, quarantines, social distancing, and closures of non-essential services have triggered significant disruptions to businesses, resulting in an economic slowdown. The UK government and banks have responded with monetary and fiscal interventions to stabilise economic conditions.
Chiltern AD Management Ltd's financial position and performance has been affected, although the full impact is unclear at this time.
The duration and impact of the COVID-19 pandemic, as well as the effectiveness of government and bank responses, remains unclear at this time. It is not possible to reliably estimate the duration and severity of these consequences, as well as their impact on the financial position and results of the Chiltern AD Management Ltd for future periods.
Note: This disclosure assumes there is no significant doubt about the entity's ability to continue as a going concern.
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Director loan
-
14,590
-
14,590
The company leant the director funds during the year.
As at the year end 30th June 2021, the director owed the company £14,590.05.
The loans were interest free with repayment date within 9 months of year end.
The director loan owed to the company is included in the balance sheet within debtors - current assets.
10
Average number of employees
During the year the average number of employees was 1 (2020: 1).