A & A CHAPMAN LIMITED

Company Registration Number:
05187909 (England and Wales)

Unaudited abridged accounts for the year ended 31 October 2018

Period of accounts

Start date: 01 November 2017

End date: 31 October 2018

A & A CHAPMAN LIMITED

Contents of the Financial Statements

for the Period Ended 31 October 2018

Balance sheet
Notes

A & A CHAPMAN LIMITED

Balance sheet

As at 31 October 2018


Notes

2018

2017


£

£
Fixed assets
Tangible assets: 3 267,324 239,326
Total fixed assets: 267,324 239,326
Current assets
Stocks: 172,360 144,269
Debtors:   183,803 162,775
Cash at bank and in hand: 1,007,300 883,198
Total current assets: 1,363,463 1,190,242
Creditors: amounts falling due within one year:   (491,816) (315,795)
Net current assets (liabilities): 871,647 874,447
Total assets less current liabilities: 1,138,971 1,113,773
Total net assets (liabilities): 1,138,971 1,113,773
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 1,138,871 1,113,673
Shareholders funds: 1,138,971 1,113,773

The notes form part of these financial statements

A & A CHAPMAN LIMITED

Balance sheet statements

For the year ending 31 October 2018 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 03 April 2019
and signed on behalf of the board by:

Name: A E Chapman
Status: Director

The notes form part of these financial statements

A & A CHAPMAN LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2018

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover represents sales of fuel, forecourt shop goods and workshop services, excluding value added tax.

Tangible fixed assets and depreciation policy

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Plant and machinery etc 25% on cost and 5% on cost

Other accounting policies

StocksStocks of fuel, forecourt shop goods and workshop spares are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.TaxationTaxation 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.Current or deferred taxation assets and liabilities are not discounted.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.Deferred taxDeferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.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.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.Hire purchase and leasing commitmentsRentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. Pension costs and other post-retirement benefitsThe 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.

A & A CHAPMAN LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2018

2. Employees

2018 2017
Average number of employees during the period 12 12

A & A CHAPMAN LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2018

3. Tangible Assets

Total
Cost £
At 01 November 2017 536,275
Additions 93,003
Disposals (16,648)
At 31 October 2018 612,630
Depreciation
At 01 November 2017 296,949
Charge for year 56,681
On disposals (8,324)
At 31 October 2018 345,306
Net book value
At 31 October 2018 267,324
At 31 October 2017 239,326

A & A CHAPMAN LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2018

4. Loans to directors

Name of director receiving advance or credit: B J Chapman
Description of the loan: Loan
£
Balance at 01 November 2017 22,470
Advances or credits made: 74,459
Advances or credits repaid: 78,000
Balance at 31 October 2018 18,929
Name of director receiving advance or credit: C A Chapman
Description of the loan: Loan
£
Balance at 01 November 2017 16,946
Advances or credits made: 69,043
Advances or credits repaid: 78,000
Balance at 31 October 2018 7,989

The directors overdrawn loan accounts were repaid in April 2019.