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REGISTERED NUMBER: 06498433 (England and Wales)




















Unaudited Financial Statements

for the Year Ended 31 January 2023

for

Chelsea Hire Complete Event Hire
Solutions Limited

Chelsea Hire Complete Event Hire
Solutions Limited (Registered number: 06498433)






Contents of the Financial Statements
for the Year Ended 31 January 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Chelsea Hire Complete Event Hire
Solutions Limited

Company Information
for the Year Ended 31 January 2023







DIRECTORS: Mr C Newman
Mr C J Newman





SECRETARY: Mr C J Newman





REGISTERED OFFICE: Next to Unit 1
Rothersthorpe Avenue Industrial Estate
Northampton
Northamptonshire
NN4 8JH





REGISTERED NUMBER: 06498433 (England and Wales)





ACCOUNTANTS: Clifford Roberts
63 Broad Green
Wellingborough
Northamptonshire
NN8 4LQ

Chelsea Hire Complete Event Hire
Solutions Limited (Registered number: 06498433)

Balance Sheet
31 January 2023

2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 673,456 681,365
Investment property 6 272,281 -
945,737 681,365

CURRENT ASSETS
Stocks 9,500 6,875
Debtors 7 180,584 354,466
Cash at bank and in hand 823,557 578,696
1,013,641 940,037
CREDITORS
Amounts falling due within one year 8 243,574 257,625
NET CURRENT ASSETS 770,067 682,412
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,715,804

1,363,777

CREDITORS
Amounts falling due after more than one
year

9

(20,000

)

(48,135

)

PROVISIONS FOR LIABILITIES (37,718 ) (41,730 )
NET ASSETS 1,658,086 1,273,912

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 1,657,986 1,273,812
SHAREHOLDERS' FUNDS 1,658,086 1,273,912

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 in accordance with Section 476 of the Companies Act 2006.

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.

Chelsea Hire Complete Event Hire
Solutions Limited (Registered number: 06498433)

Balance Sheet - continued
31 January 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 October 2023 and were signed on its behalf by:





Mr C J Newman - Director


Chelsea Hire Complete Event Hire
Solutions Limited (Registered number: 06498433)

Notes to the Financial Statements
for the Year Ended 31 January 2023

1. STATUTORY INFORMATION

Chelsea Hire Complete Event Hire Solutions Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Revenue
Turnover represents net invoices sale of goods and services, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of five years.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost, 25% on cost and 20% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 tax
Deferred 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.

Chelsea Hire Complete Event Hire
Solutions Limited (Registered number: 06498433)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

2. ACCOUNTING POLICIES - continued

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.

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.

Rentals 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 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2022 - 22 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£
COST
At 1 February 2022
and 31 January 2023 195,000
AMORTISATION
At 1 February 2022
and 31 January 2023 195,000
NET BOOK VALUE
At 31 January 2023 -
At 31 January 2022 -

Chelsea Hire Complete Event Hire
Solutions Limited (Registered number: 06498433)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£ £ £
COST
At 1 February 2022 552,472 566,650 1,119,122
Additions - 87,400 87,400
At 31 January 2023 552,472 654,050 1,206,522
DEPRECIATION
At 1 February 2022 29,888 407,869 437,757
Charge for year - 95,309 95,309
At 31 January 2023 29,888 503,178 533,066
NET BOOK VALUE
At 31 January 2023 522,584 150,872 673,456
At 31 January 2022 522,584 158,781 681,365

6. INVESTMENT PROPERTY
Total
£
FAIR VALUE
Additions 272,281
At 31 January 2023 272,281
NET BOOK VALUE
At 31 January 2023 272,281

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade debtors 173,278 345,068
Other debtors 7,306 9,398
180,584 354,466

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Bank loans and overdrafts 10,000 -
Trade creditors 7,501 15,505
Taxation and social security 129,285 151,553
Other creditors 96,788 90,567
243,574 257,625

Chelsea Hire Complete Event Hire
Solutions Limited (Registered number: 06498433)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£ £
Other creditors 20,000 48,135

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £ £
100 Ordinary £1 100 100