Caseware UK (AP4) 2022.0.179 2022.0.179 2023-02-282023-02-282The principal activity of the company is the provision of rigging services to the entertainment industry.2022-03-01false2truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 06828416 2022-03-01 2023-02-28 06828416 2021-03-01 2022-02-28 06828416 2023-02-28 06828416 2022-02-28 06828416 c:Director1 2022-03-01 2023-02-28 06828416 d:PlantMachinery 2022-03-01 2023-02-28 06828416 d:PlantMachinery 2023-02-28 06828416 d:PlantMachinery 2022-02-28 06828416 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-03-01 2023-02-28 06828416 d:FurnitureFittings 2022-03-01 2023-02-28 06828416 d:FurnitureFittings 2023-02-28 06828416 d:FurnitureFittings 2022-02-28 06828416 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-03-01 2023-02-28 06828416 d:OtherPropertyPlantEquipment 2022-03-01 2023-02-28 06828416 d:OtherPropertyPlantEquipment 2023-02-28 06828416 d:OtherPropertyPlantEquipment 2022-02-28 06828416 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2022-03-01 2023-02-28 06828416 d:OwnedOrFreeholdAssets 2022-03-01 2023-02-28 06828416 d:CurrentFinancialInstruments 2023-02-28 06828416 d:CurrentFinancialInstruments 2022-02-28 06828416 d:Non-currentFinancialInstruments 2023-02-28 06828416 d:Non-currentFinancialInstruments 2022-02-28 06828416 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 06828416 d:CurrentFinancialInstruments d:WithinOneYear 2022-02-28 06828416 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-02-28 06828416 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-02-28 06828416 c:OrdinaryShareClass1 2022-03-01 2023-02-28 06828416 c:OrdinaryShareClass1 2023-02-28 06828416 c:FRS102 2022-03-01 2023-02-28 06828416 c:AuditExempt-NoAccountantsReport 2022-03-01 2023-02-28 06828416 c:FullAccounts 2022-03-01 2023-02-28 06828416 c:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28 06828416 2 2022-03-01 2023-02-28 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 06828416















CHETTS RIGGING LIMITED
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

 
CHETTS RIGGING LIMITED
 


CONTENTS



Page
Statement of Financial Position
 
1 - 2
Notes to the Financial Statements
 
3 - 7


 
CHETTS RIGGING LIMITED
REGISTERED NUMBER:06828416


STATEMENT OF FINANCIAL POSITION
AS AT 28 FEBRUARY 2023

2023
2022
Note
£
£

  

Fixed assets
  

Tangible assets
 4 
10,826
11,806

Current assets
  

Debtors: amounts falling due within one year
 5 
17,944
19,179

Cash at bank and in hand
  
9,088
1,681

  
27,032
20,860

Creditors: amounts falling due within one year
 6 
(28,878)
(19,628)

Net current (liabilities)/assets
  
 
 
(1,846)
 
 
1,232

Total assets less current liabilities
  
8,980
13,038

  

Creditors: amounts falling due after more than one year
 7 
(8,400)
(12,000)

  

  

Net assets
  
580
1,038


Capital and reserves
  

Called up share capital 
 9 
100
100

Profit and loss account
  
480
938

  
580
1,038


Page 1

 
CHETTS RIGGING LIMITED
REGISTERED NUMBER:06828416

    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 28 FEBRUARY 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




S Young
Director

Date: 23 October 2023

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
CHETTS RIGGING LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

1.


General information

Chetts Rigging Limited is a limited liability company incorporated in England and Wales with its registered office at 95 Morden Way, Sutton, Surrey, SM3 9PB.

The principal activity of the company is the provision of rigging services to the entertainment industry.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Turnover

Turnover comprises revenue recognised by the company in respect of services supplied during the period, exclusive of Value Added Tax and trade discounts. 

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is provided on the following basis:

Plant & machinery
-
25%
reducing balance
Fixtures & fittings
-
25%
reducing balance
Land & buildings
-
4%
straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of Comprehensive Income.

 
2.4

Debtors

Short term debtors are measured at transaction price, less any impairment.

 
2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty.

 
2.6

Creditors

Short term creditors are measured at the transaction price.

Page 3

 
CHETTS RIGGING LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

2.Accounting policies (continued)

 
2.7

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of Comprehensive Income in the same period as the related expenditure.

 
2.8

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

 
2.9

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.10

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.11

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).

Page 4

 
CHETTS RIGGING LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

4.


Tangible fixed assets





Plant & machinery
Fixtures & fittings
Land & buildings
Total

£
£
£
£



Cost or valuation


At 1 March 2022
3,000
9,529
10,201
22,730



At 28 February 2023

3,000
9,529
10,201
22,730



Depreciation


At 1 March 2022
1,734
8,502
687
10,923


Charge for the year on owned assets
316
257
408
981



At 28 February 2023

2,050
8,759
1,095
11,904



Net book value



At 28 February 2023
950
770
9,106
10,826



At 28 February 2022
1,266
1,027
9,513
11,806

Page 5

 
CHETTS RIGGING LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

5.


Debtors

2023
2022
£
£


Trade debtors
-
4,989

Other debtors
17,306
14,190

Prepayments and accrued income
638
-

17,944
19,179


Included within other debtors due within one year is a loan to a director, amounting to £17,306 (2022 - £14,190).




6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
3,600
3,600

Taxation and social security
23,058
13,988

Accruals and deferred income
2,220
2,040

28,878
19,628



7.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
8,400
12,000


Page 6

 
CHETTS RIGGING LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

8.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
3,600
3,600


Amounts falling due 2-5 years

Bank loans
8,400
12,000


12,000
15,600



9.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



100 Ordinary shares of £1 each
100
100


 
Page 7