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REGISTERED NUMBER: 04733185 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2023

FOR

CHANNINGS CARDIFF LIMITED

CHANNINGS CARDIFF LIMITED (REGISTERED NUMBER: 04733185)

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


CHANNINGS CARDIFF LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2023







DIRECTOR: P Daly





REGISTERED OFFICE: 2-3 Crown Precinct
Church Road
Lisvane
Cardiff
CF14 0SJ





REGISTERED NUMBER: 04733185 (England and Wales)





ACCOUNTANTS: Graham Paul Limited
Court House
Court Road
Bridgend
CF31 1BE

CHANNINGS CARDIFF LIMITED (REGISTERED NUMBER: 04733185)

BALANCE SHEET
31 JANUARY 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Stocks 50,000 36,000
Debtors 6 2,246 2,196
Cash at bank and in hand 90,832 118,768
143,078 156,964
CREDITORS
Amounts falling due within one year 7 86,212 73,026
NET CURRENT ASSETS 56,866 83,938
TOTAL ASSETS LESS CURRENT
LIABILITIES

56,866

83,938

CREDITORS
Amounts falling due after more than one
year

8

24,167

34,167
NET ASSETS 32,699 49,771

CAPITAL AND RESERVES
Called up share capital 500 500
Retained earnings 32,199 49,271
SHAREHOLDERS' FUNDS 32,699 49,771

CHANNINGS CARDIFF LIMITED (REGISTERED NUMBER: 04733185)

BALANCE SHEET - continued
31 JANUARY 2023


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.

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 25 October 2023 and were signed by:





P Daly - Director


CHANNINGS CARDIFF LIMITED (REGISTERED NUMBER: 04733185)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023


1. STATUTORY INFORMATION

Channings Cardiff 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 value added tax. Turnover is recognised at the point of sale.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of ten 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 - 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 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.


CHANNINGS CARDIFF LIMITED (REGISTERED NUMBER: 04733185)

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 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.

Pension costs and other post-retirement benefits
The company operates an auto enrolment pension scheme. Contributions payable to the pension scheme are charged to the profit and loss account in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2022
and 31 January 2023 200,000
AMORTISATION
At 1 February 2022
and 31 January 2023 200,000
NET BOOK VALUE
At 31 January 2023 -
At 31 January 2022 -

CHANNINGS CARDIFF LIMITED (REGISTERED NUMBER: 04733185)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023


5. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 February 2022 6,639
Disposals (3,632 )
At 31 January 2023 3,007
DEPRECIATION
At 1 February 2022 6,639
Eliminated on disposal (3,632 )
At 31 January 2023 3,007
NET BOOK VALUE
At 31 January 2023 -
At 31 January 2022 -

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 350 300
Other debtors 1,896 1,896
2,246 2,196

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 25,492 15,873
Taxation and social security 9,070 7,289
Other creditors 41,650 39,864
86,212 73,026

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 24,167 34,167

9. RELATED PARTY DISCLOSURES

During the current and previous year the company was in receipt of an interest free loan from it's director. The total outstanding and due to the director at the year end amounted to £41,587 (2022 - £39,822).