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REGISTERED NUMBER: 07761215 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2023

for

Cherished Home Improvements Ltd

Cherished Home Improvements Ltd (Registered number: 07761215)






Contents of the Financial Statements
for the Year Ended 30 September 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Cherished Home Improvements Ltd

Company Information
for the Year Ended 30 September 2023







DIRECTOR: M Smith





REGISTERED OFFICE: 8 Newhall Street
Cannock
Staffordshire
WS11 1AB





REGISTERED NUMBER: 07761215 (England and Wales)





ACCOUNTANTS: CJM Associates
St Thomas House
83 Wolverhampton Road
Cannock
Staffordshire
WS11 1AR

Cherished Home Improvements Ltd (Registered number: 07761215)

Balance Sheet
30 September 2023

30.9.23 30.9.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 62,641 78,501

CURRENT ASSETS
Debtors 5 - 8,161
Cash at bank 15,497 7,202
15,497 15,363
CREDITORS
Amounts falling due within one year 6 47,501 37,926
NET CURRENT LIABILITIES (32,004 ) (22,563 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

30,637

55,938

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 30,636 55,937
SHAREHOLDERS' FUNDS 30,637 55,938

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 15 February 2024 and were signed by:



M Smith - Director


Cherished Home Improvements Ltd (Registered number: 07761215)

Notes to the Financial Statements
for the Year Ended 30 September 2023

1. STATUTORY INFORMATION

Cherished Home Improvements Ltd 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.

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.

Significant judgements and estimates
There have been no significant accounting estimates made

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 etc - 25% on reducing balance and 20% on reducing balance

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.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

Cherished Home Improvements Ltd (Registered number: 07761215)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2022
and 30 September 2023 118,625
DEPRECIATION
At 1 October 2022 40,124
Charge for year 15,860
At 30 September 2023 55,984
NET BOOK VALUE
At 30 September 2023 62,641
At 30 September 2022 78,501

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Amounts owed by group undertakings - 8,161

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Hire purchase contracts 26,404 31,741
Amounts owed to group undertakings 8,300 -
Taxation and social security 12,765 6,103
Other creditors 32 82
47,501 37,926

7. ULTIMATE CONTROLLING PARTY

The controlling party is M Smith.