Registered Number
:
05085189
|
For the year ended 31 March 2022
England and Wales
Unaudited Financial Statements
For the year ended 31 March 2022
Chosen Curtains Limited
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
Chosen Curtains Limited
Statement of Financial Position
2021
2022
Property
,
plant and equipment
|
6,252
8,716
2
6,252
8,716
7,000
7,500
3
Trade and other receivables
|
-
3,000
4
30,895
Cash and cash equivalents
|
14,347
24,847
37,895
Trade and other payables
:
amounts falling due within one
|
year
|
(15,161)
(9,580)
5
22,734
15,267
Net current assets
Total assets less current liabilities
|
21,519
31,450
Trade and other payables
:
amounts falling due after more
|
than one year
|
(21,073)
(19,979)
6
(1,188)
(1,656)
Provisions for liabilities
|
352
Net assets
8,721
200
200
152
8,521
352
8,721
Shareholders' funds
For the year ended 31 March 2022 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 of its financial statements for the year ended 31 March 2022 in accordance with Section 476 of the Companies Act 2006
|
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
|
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
.
|
In accordance with Section
444
of the Companies Act
2006
,
the Income Statement has not been delivered
.
|
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
|
These financial statements were approved and authorised for issue by the Board on 06 July 2022 and were signed by:
|
1 of 5
For the year ended 31 March 2022
Chosen Curtains Limited
Statement of Financial Position Continued
The notes form part of these financial statements
|
2 of 5
For the year ended 31 March 2022
Chosen Curtains Limited
Notes to the Financial Statements
Statutory Information
Chosen Curtains Limited is a private limited company
,
limited by shares
,
domiciled in England and Wales
,
registration
|
number
05085189
.
|
Stratford Bridge Cottage
Stratford Bridge
Ripple
Tewkesbury
GL20 6HE
The presentation currency is £ sterling
.
|
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section
1
A of Financial
|
Reporting Standard
102
'
The Financial Reporting Standard applicable in the UK and Republic of Ireland
'
and the
|
Companies Act
2006
.
The financial statements have been prepared under the historical costs convention as
|
modified by the revaluation of certain assets
.
|
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
|
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
|
Plant and equipment
Motor vehicles
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
|
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
|
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
3 of 5
For the year ended 31 March 2022
Chosen Curtains Limited
Notes to the Financial Statements Continued
2
.
Property
,
plant and equipment
|
Motor vehicles
15,688
10,646
5,042
140
-
140
5,182
10,646
15,828
Provision for depreciation and impairment
|
6,972
2,662
4,310
Charge for year
2,604
1,996
608
9,576
4,658
4,918
264
5,988
6,252
732
7,984
8,716
2021
2022
7,500
7,000
4
.
Trade and other receivables
|
2021
2022
3,000
-
5
.
Trade and other payables
:
amounts falling due within one year
|
2021
2022
4,728
4,699
2,465
9,133
Taxation and social security
|
1,712
704
675
625
9,580
15,161
4 of 5
For the year ended 31 March 2022
Chosen Curtains Limited
Notes to the Financial Statements Continued
6
.
Trade and other payables
:
amounts falling due after more than one year
|
2021
2022
19,876
20,301
103
772
19,979
21,073
7
.
Directors advances and guarantees
|
Loaned
M Hutton
Interest free loan
1,500
-
1,500
1,500
-
1,500
A Hutton
Interset free loan
1,500
-
1,500
1,500
-
1,500
Interest free loans of £3000 to the directors at 31 March 2022 were repaid to the company on 15th June 2022
8
.
Average number of persons employed
|
During the year the average number of employees was 2 (2021 : 2)
5 of 5