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REGISTERED NUMBER: 02754903 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

CHELSEA KITCHENS & BEDROOMS LIMITED

CHELSEA KITCHENS & BEDROOMS LIMITED (REGISTERED NUMBER: 02754903)

Contents of the Financial Statements
for the Year Ended 31 December 2023










Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


CHELSEA KITCHENS & BEDROOMS LIMITED

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Mr N Brown
Mr N R Brown





SECRETARY: Mr N R Brown





REGISTERED OFFICE: Chelsea House Heysham Ind Park
Heysham Road
Netherton
Liverpool
L30 6UZ





REGISTERED NUMBER: 02754903 (England and Wales)





ACCOUNTANTS: Butterworth Barlow
Chartered Accountants
Butterworth Barlow House
10 Derby Street
Prescot
Liverpool
Merseyside
L34 3LG

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Chelsea Kitchens & Bedrooms Limited


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Chelsea Kitchens & Bedrooms Limited for the year ended 31 December 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Chelsea Kitchens & Bedrooms Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Chelsea Kitchens & Bedrooms Limited and state those matters that we have agreed to state to the Board of Directors of Chelsea Kitchens & Bedrooms Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Chelsea Kitchens & Bedrooms Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Chelsea Kitchens & Bedrooms Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Chelsea Kitchens & Bedrooms Limited. You consider that Chelsea Kitchens & Bedrooms Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Chelsea Kitchens & Bedrooms Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Butterworth Barlow
Chartered Accountants
Liverpool


27 February 2024

CHELSEA KITCHENS & BEDROOMS LIMITED (REGISTERED NUMBER: 02754903)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 36,782 45,827

CURRENT ASSETS
Stocks 44,085 84,950
Debtors 5 7,304 6,092
Cash at bank 96,312 94,288
147,701 185,330
CREDITORS
Amounts falling due within one year 6 163,863 183,861
NET CURRENT (LIABILITIES)/ASSETS (16,162 ) 1,469
TOTAL ASSETS LESS CURRENT LIABILITIES 20,620 47,296

CREDITORS
Amounts falling due after more than one
year

7

(18,415

)

(31,100

)

PROVISIONS FOR LIABILITIES (8,707 ) (8,707 )
NET (LIABILITIES)/ASSETS (6,502 ) 7,489

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (6,602 ) 7,389
(6,502 ) 7,489

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

CHELSEA KITCHENS & BEDROOMS LIMITED (REGISTERED NUMBER: 02754903)

Balance Sheet - continued
31 December 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 February 2024 and were signed on its behalf by:





Mr N Brown - Director


CHELSEA KITCHENS & BEDROOMS LIMITED (REGISTERED NUMBER: 02754903)

Notes to the Financial Statements
for the Year Ended 31 December 2023


1. STATUTORY INFORMATION

Chelsea Kitchens & Bedrooms 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.

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 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.

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.

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 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 10 (2022 - 10 ) .

CHELSEA KITCHENS & BEDROOMS LIMITED (REGISTERED NUMBER: 02754903)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023


4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 January 2023
and 31 December 2023 147,058 1,343 63,440 211,841
DEPRECIATION
At 1 January 2023 138,208 1,242 26,564 166,014
Charge for year 1,644 26 7,375 9,045
At 31 December 2023 139,852 1,268 33,939 175,059
NET BOOK VALUE
At 31 December 2023 7,206 75 29,501 36,782
At 31 December 2022 8,850 101 36,876 45,827

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 7,304 6,092

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 6,000 6,000
Hire purchase contracts 8,305 9,039
Trade creditors 109,738 104,221
Taxation and social security 16,770 3,591
Other creditors 23,050 61,010
163,863 183,861

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans 8,500 14,500
Hire purchase contracts 9,915 16,600
18,415 31,100

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 8,500 14,500