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REGISTERED NUMBER: 07059135 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2023

for

Cheshire Trade Centre Limited

Cheshire Trade Centre Limited (Registered number: 07059135)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Cheshire Trade Centre Limited

Company Information
for the Year Ended 31 January 2023







Director: J P Nelson





Registered office: Parkgate Road
Chester
CH1 4AY





Registered number: 07059135 (England and Wales)





Accountants: Ellis & Co
Chartered Accountants
114-120 Northgate Street
Chester
CH1 2HT

Cheshire Trade Centre Limited (Registered number: 07059135)

Statement of Financial Position
31 January 2023

31/1/23 31/1/22
Notes £    £    £    £   
Fixed assets
Tangible assets 4 73,229 75,004

Current assets
Stocks 216,911 281,027
Debtors 5 57,468 63,469
Cash at bank 5,748 21,683
280,127 366,179
Creditors
Amounts falling due within one year 6 185,140 127,446
Net current assets 94,987 238,733
Total assets less current liabilities 168,216 313,737

Creditors
Amounts falling due after more than
one year

7

(24,167

)

(34,167

)

Provisions for liabilities 8 (9,474 ) -
Net assets 134,575 279,570

Capital and reserves
Called up share capital 500 500
Capital redemption reserve 500 500
Retained earnings 133,575 278,570
134,575 279,570

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 director acknowledges his 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.

Cheshire Trade Centre Limited (Registered number: 07059135)

Statement of Financial Position - 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 director and authorised for issue on 20 October 2023 and were signed by:





J P Nelson - Director


Cheshire Trade Centre Limited (Registered number: 07059135)

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

1. Statutory information

Cheshire Trade Centre 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Leasehold improvements - 10% on cost
Plant and machinery - 33% on cost
Fixtures, fittings and equipment - 25% on cost
Motor vehicles - 20% on cost

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 statement of financial position date.


Cheshire Trade Centre Limited (Registered number: 07059135)

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

2. Accounting policies - continued
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.

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.

Operating leases
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 10 (2022 - 11 ) .

4. Tangible fixed assets
Fixtures,
fittings
Leasehold Plant and and Motor
improvements machinery equipment vehicles Totals
£    £    £    £    £   
Cost
At 1 February 2022 44,167 7,145 32,159 42,244 125,715
Additions - 8,058 - 11,004 19,062
Disposals - (5,645 ) (12,708 ) (8,414 ) (26,767 )
At 31 January 2023 44,167 9,558 19,451 44,834 118,010
Depreciation
At 1 February 2022 4,417 6,386 24,728 15,180 50,711
Charge for year 4,417 3,186 4,008 8,967 20,578
Eliminated on disposal - (5,386 ) (12,708 ) (8,414 ) (26,508 )
At 31 January 2023 8,834 4,186 16,028 15,733 44,781
Net book value
At 31 January 2023 35,333 5,372 3,423 29,101 73,229
At 31 January 2022 39,750 759 7,431 27,064 75,004

Cheshire Trade Centre Limited (Registered number: 07059135)

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

5. Debtors: amounts falling due within one year
31/1/23 31/1/22
£    £   
Other debtors 57,468 63,469

6. Creditors: amounts falling due within one year
31/1/23 31/1/22
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 37,824 36,602
Taxation and social security 69,600 70,521
Other creditors 67,716 10,323
185,140 127,446

7. Creditors: amounts falling due after more than one year
31/1/23 31/1/22
£    £   
Bank loans 24,167 34,167

8. Provisions for liabilities
31/1/23 31/1/22
£    £   
Deferred tax
Accelerated capital allowances 9,474 -

Deferred
tax
£   
Charge to Statement of Income and Retained Earnings
during year

9,474
Balance at 31 January 2023 9,474

9. Other financial commitments

At 31 January 2023 the company had total commitments under non-cancellable operating leases over the remaining life of those leases of £280,000 of which £60,000 is due within one year.

Cheshire Trade Centre Limited (Registered number: 07059135)

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

10. Director's advances, credits and guarantees

The following advances and credits to a director subsisted during the years ended 31 January 2023 and 31 January 2022:

31/1/23 31/1/22
£    £   
J P Nelson
Balance outstanding at start of year 63,469 66,226
Amounts advanced 91,504 199,346
Amounts repaid (109,672 ) (202,103 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 45,301 63,469

The aggregate of individual amounts in excess of £5,000 each advanced to the director during the year totalled £25,973. The aggregate of individual amounts in excess of £5,000 each repaid by the director totalled £64,000. The maximum balance outstanding during the year was £95,229. The loans are unsecured, interest free and repayable on demand.