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REGISTERED NUMBER: 09976570 (England and Wales)














Unaudited Financial Statements

for the Year Ended 28 February 2023

for

Cheshire Artificial Grass Ltd

Cheshire Artificial Grass Ltd (Registered number: 09976570)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Balance Sheet 1

Notes to the Financial Statements 3


Cheshire Artificial Grass Ltd (Registered number: 09976570)

Balance Sheet
28 February 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 33,488 44,936

CURRENT ASSETS
Stocks 143,839 91,335
Debtors 5 135,780 79,721
Cash at bank 119,658 127,759
399,277 298,815
CREDITORS
Amounts falling due within one year 6 196,387 198,763
NET CURRENT ASSETS 202,890 100,052
TOTAL ASSETS LESS CURRENT LIABILITIES 236,378 144,988

CREDITORS
Amounts falling due after more than one year 7 (27,449 ) (39,441 )

PROVISIONS FOR LIABILITIES (8,375 ) (8,540 )
NET ASSETS 200,554 97,007

CAPITAL AND RESERVES
Called up share capital 103 100
Retained earnings 200,451 96,907
200,554 97,007

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Artificial Grass Ltd (Registered number: 09976570)

Balance Sheet - continued
28 February 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 November 2023 and were signed on its behalf by:





Mr T Collier - Director


Cheshire Artificial Grass Ltd (Registered number: 09976570)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

Cheshire Artificial Grass Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 09976570

Registered office: Ebenezer House
Ryecroft
Newcastle-under-Lyme
Staffordshire
ST5 2BE

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 represents net invoiced sales of goods and services, excluding value added tax.

Revenue is recognised as the company becomes entitled to consideration for the goods and services supplied. Therefore, turnover also includes the element of work completed but not yet invoiced on service contracts.

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
Fixtures and fittings - 20% on cost
Motor vehicles - 20% on cost
Computer equipment - 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 Profit and Loss Account, 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.


Cheshire Artificial Grass Ltd (Registered number: 09976570)

Notes to the Financial Statements - continued
for the Year Ended 28 February 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
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 8 (2022 - 10 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 March 2022 22,621 1,418 46,948 4,358 75,345
Additions 1,224 - - - 1,224
Disposals (911 ) (587 ) - (350 ) (1,848 )
At 28 February 2023 22,934 831 46,948 4,008 74,721
DEPRECIATION
At 1 March 2022 8,805 701 19,786 1,117 30,409
Charge for year 3,937 166 7,457 717 12,277
Eliminated on disposal (690 ) (518 ) - (245 ) (1,453 )
At 28 February 2023 12,052 349 27,243 1,589 41,233
NET BOOK VALUE
At 28 February 2023 10,882 482 19,705 2,419 33,488
At 28 February 2022 13,816 717 27,162 3,241 44,936

Cheshire Artificial Grass Ltd (Registered number: 09976570)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 102,277 79,560
Other debtors 33,503 161
135,780 79,721

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 9,834 9,593
Hire purchase contracts 2,590 2,150
Trade creditors 79,191 104,800
Taxation and social security 83,921 45,633
Other creditors 20,851 36,587
196,387 198,763

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 27,449 37,283
Hire purchase contracts - 2,158
27,449 39,441

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 37,283 46,876
Hire purchase contracts 2,590 4,308
39,873 51,184

Bank loans are secured as a fixed and floating charge over the property and assets.

Cheshire Artificial Grass Ltd (Registered number: 09976570)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 28 February 2023 and 28 February 2022:

2023 2022
£    £   
Mr D Latham
Balance outstanding at start of year - -
Amounts advanced 16,250 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 16,250 -

Mr J Rimmer
Balance outstanding at start of year - -
Amounts advanced 16,250 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 16,250 -