Registered number
04758683
Christopher Designs (Furniture) Limited
Filleted Accounts
31 July 2023
Christopher Designs (Furniture) Limited
Registered number: 04758683
Balance Sheet
as at 31 July 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 2,353 2,433
Current assets
Stocks 10,182 8,785
Debtors 4 43 4,250
Cash at bank and in hand 7,336 18,360
Credit Card (1,237) (119)
16,324 31,276
Creditors: amounts falling due within one year 5 (1,388) (4,108)
Net current assets 14,936 27,168
Total assets less current liabilities 17,289 29,601
Creditors: amounts falling due after more than one year 6 (14,332) (27,269)
Net assets 2,957 2,332
Capital and reserves
Called up share capital 99 99
Profit and loss account 2,858 2,233
Shareholders' funds 2,957 2,332
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
C Rowbottom
Director
Approved by the board on 1 February 2024
Christopher Designs (Furniture) Limited
Notes to the Accounts
for the year ended 31 July 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Land and buildings Over 50 years
Plant and machinery Over 4 years
Motor Vehicles Over 4 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 3
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 August 2022 4,000 12,006 3,720 19,726
At 31 July 2023 4,000 12,006 3,720 19,726
Depreciation
At 1 August 2022 1,567 12,006 3,720 17,293
Charge for the year 80 - - 80
At 31 July 2023 1,647 12,006 3,720 17,373
Net book value
At 31 July 2023 2,353 - - 2,353
At 31 July 2022 2,433 - - 2,433
4 Debtors 2023 2022
£ £
Trade debtors 43 4,250
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 231 -
Taxation and social security costs 147 3,129
Other creditors 1,010 979
1,388 4,108
6 Creditors: amounts falling due after one year 2023 2022
£ £
Other creditors 14,332 27,269
7 Other information
Christopher Designs (Furniture) Limited is a private company limited by shares and incorporated in England and Wales. Its registered office is:
Rowan Lodge
3 Croft Lane
Southerndown
Bridgend
CF32 0RT
8 Ultimate controlling party
The directors each hold 33% of the issued share capital and are deemed the ultimate controlling parties.
Christopher Designs (Furniture) Limited 04758683 false 2022-08-01 2023-07-31 2023-07-31 VT Final Accounts October 2023 release 2 C Rowbottom No description of principal activity 04758683 2021-08-01 2022-07-31 04758683 core:WithinOneYear 2022-07-31 04758683 core:AfterOneYear 2022-07-31 04758683 core:ShareCapital 2022-07-31 04758683 core:RetainedEarningsAccumulatedLosses 2022-07-31 04758683 2022-08-01 2023-07-31 04758683 bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 04758683 bus:AuditExemptWithAccountantsReport 2022-08-01 2023-07-31 04758683 bus:Director40 2022-08-01 2023-07-31 04758683 1 2022-08-01 2023-07-31 04758683 2 2022-08-01 2023-07-31 04758683 core:LandBuildings 2022-08-01 2023-07-31 04758683 core:PlantMachinery 2022-08-01 2023-07-31 04758683 core:Vehicles 2022-08-01 2023-07-31 04758683 countries:England 2022-08-01 2023-07-31 04758683 bus:FRS102 2022-08-01 2023-07-31 04758683 bus:FullAccounts 2022-08-01 2023-07-31 04758683 2023-07-31 04758683 core:WithinOneYear 2023-07-31 04758683 core:AfterOneYear 2023-07-31 04758683 core:ShareCapital 2023-07-31 04758683 core:RetainedEarningsAccumulatedLosses 2023-07-31 04758683 core:LandBuildings 2023-07-31 04758683 core:PlantMachinery 2023-07-31 04758683 core:Vehicles 2023-07-31 04758683 2022-07-31 04758683 core:LandBuildings 2022-07-31 04758683 core:PlantMachinery 2022-07-31 04758683 core:Vehicles 2022-07-31 iso4217:GBP xbrli:pure