Company Registration No. 09187324 (England and Wales)
Chic Event Hire Limited
Unaudited accounts
for the year ended 28 February 2023
Chic Event Hire Limited
Unaudited accounts
Contents
Chic Event Hire Limited
Company Information
for the year ended 28 February 2023
Directors
N R W Edwards
L A Edwards
Company Number
09187324 (England and Wales)
Registered Office
Redwood
Hillside Drive
Gravesend
Kent
DA12 1NY
Accountants
King & Taylor
123 Cross Lane East
Gravesend
Kent
DA12 5HA
Chic Event Hire Limited
Statement of financial position
as at 28 February 2023
Intangible assets
54,463
83,201
Tangible assets
112,065
51,956
Cash at bank and in hand
52,682
77,258
Creditors: amounts falling due within one year
(615,724)
(585,991)
Net current liabilities
(392,191)
(425,095)
Total assets less current liabilities
(225,663)
(289,938)
Creditors: amounts falling due after more than one year
(36,250)
(41,250)
Net liabilities
(261,913)
(331,188)
Called up share capital
100
100
Profit and loss account
(262,013)
(331,288)
Shareholders' funds
(261,913)
(331,188)
For the year ending 28 February 2023 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 16 November 2023 and were signed on its behalf by
N R W Edwards
Director
Company Registration No. 09187324
Chic Event Hire Limited
Notes to the Accounts
for the year ended 28 February 2023
Chic Event Hire Limited is a private company, limited by shares, registered in England and Wales, registration number 09187324. The registered office is Redwood, Hillside Drive, Gravesend, Kent, DA12 1NY.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% reducing balance basis
Fixtures & fittings
25% reducing balance basis
Computer equipment
25% reducing balance basis
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
The financial statements have been prepared on a going concern basis as the directors have indicated they will continue to provide finance to meet ongoing costs.
Chic Event Hire Limited
Notes to the Accounts
for the year ended 28 February 2023
4
Intangible fixed assets
Goodwill
At 28 February 2023
287,375
Charge for the year
28,738
At 28 February 2023
232,912
At 28 February 2023
54,463
At 28 February 2022
83,201
5
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 March 2022
38,250
60,568
2,227
101,045
Additions
13,000
70,575
1,296
84,871
At 28 February 2023
51,250
131,143
3,523
185,916
At 1 March 2022
20,762
26,791
1,536
49,089
Charge for the year
6,268
18,097
397
24,762
At 28 February 2023
27,030
44,888
1,933
73,851
At 28 February 2023
24,220
86,255
1,590
112,065
At 28 February 2022
17,488
33,777
691
51,956
Amounts falling due within one year
Trade debtors
109,015
77,199
Amounts due from group undertakings etc.
47,586
6,439
Accrued income and prepayments
14,250
-
Chic Event Hire Limited
Notes to the Accounts
for the year ended 28 February 2023
7
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
5,000
5,000
Trade creditors
13,683
15,336
Amounts owed to group undertakings and other participating interests
457,312
472,612
Taxes and social security
85,480
59,893
Loans from directors
28,079
164
8
Creditors: amounts falling due after more than one year
2023
2022
9
Average number of employees
During the year the average number of employees was 9 (2022: 6).