1 March 2022 false No description of principal activity Taxfiler 2023.10 true 09187324business:PrivateLimitedCompanyLtd2022-03-012023-02-28 091873242022-02-28 091873242022-03-012023-02-28 09187324business:AuditExemptWithAccountantsReport2022-03-012023-02-28 09187324business:FilletedAccounts2022-03-012023-02-28 091873242023-02-28 09187324business:Director12022-03-012023-02-28 09187324business:Director22022-03-012023-02-28 09187324business:RegisteredOffice2022-03-012023-02-28 091873242022-02-28 09187324core:WithinOneYear2023-02-28 09187324core:WithinOneYear2022-02-28 09187324core:AfterOneYear2023-02-28 09187324core:AfterOneYear2022-02-28 09187324core:ShareCapitalcore:PreviouslyStatedAmount2023-02-28 09187324core:ShareCapitalcore:PreviouslyStatedAmount2022-02-28 09187324core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-02-28 09187324core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-02-28 09187324core:PreviouslyStatedAmount2023-02-28 09187324core:PreviouslyStatedAmount2022-02-28 09187324business:SmallEntities2022-03-012023-02-28 09187324countries:EnglandWales2022-03-012023-02-28 09187324core:MotorVehicles2022-03-012023-02-28 09187324core:FurnitureFittings2022-03-012023-02-28 09187324core:ComputerEquipment2022-03-012023-02-28 09187324core:Goodwill2022-02-28 09187324core:Goodwill2023-02-28 09187324core:Goodwill2022-03-012023-02-28 09187324core:MotorVehicles2022-02-28 09187324core:FurnitureFittings2022-02-28 09187324core:ComputerEquipment2022-02-28 09187324core:MotorVehicles2023-02-28 09187324core:FurnitureFittings2023-02-28 09187324core:ComputerEquipment2023-02-28 091873242021-03-012022-02-28 iso4217:GBP xbrli:pure
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
Page
- 2 -
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
- 3 -
Chic Event Hire Limited Statement of financial position as at 28 February 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
54,463 
83,201 
Tangible assets
112,065 
51,956 
166,528 
135,157 
Current assets
Debtors
170,851 
83,638 
Cash at bank and in hand
52,682 
77,258 
223,533 
160,896 
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)
Capital and reserves
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
- 4 -
Chic Event Hire Limited Notes to the Accounts for the year ended 28 February 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Turnover
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
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Government grants
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.
Pension costs
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.
Going concern
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.
- 5 -
Chic Event Hire Limited Notes to the Accounts for the year ended 28 February 2023
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 March 2022
287,375 
At 28 February 2023
287,375 
Amortisation
At 1 March 2022
204,174 
Charge for the year
28,738 
At 28 February 2023
232,912 
Net book value
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 
Depreciation
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 
Net book value
At 28 February 2023
24,220 
86,255 
1,590 
112,065 
At 28 February 2022
17,488 
33,777 
691 
51,956 
6
Debtors
2023 
2022 
£ 
£ 
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 
- 
170,851 
83,638 
- 6 -
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 
Other creditors
297 
6,369 
Loans from directors
28,079 
164 
Accruals
25,873 
26,617 
615,724 
585,991 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
36,250 
41,250 
9
Average number of employees
During the year the average number of employees was 9 (2022: 6).
- 7 -