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Registered number: 11503489
Chicken Village Ltd
Unaudited Financial Statements
For The Year Ended 31 August 2023
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 11503489
2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 25,000 25,000
Tangible Assets 5 9,176 11,190
34,176 36,190
CURRENT ASSETS
Stocks 6 1,115 1,450
Cash at bank and in hand 2,001 1,037
3,116 2,487
Creditors: Amounts Falling Due Within One Year 7 (38,055 ) (27,833 )
NET CURRENT ASSETS (LIABILITIES) (34,939 ) (25,346 )
TOTAL ASSETS LESS CURRENT LIABILITIES (763 ) 10,844
Creditors: Amounts Falling Due After More Than One Year 8 (21,667 ) (27,500 )
NET LIABILITIES (22,430 ) (16,656 )
CAPITAL AND RESERVES
Called up share capital 9 1 1
Profit and Loss Account (22,431 ) (16,657 )
SHAREHOLDERS' FUNDS (22,430) (16,656)
Page 1
Page 2
For the year ending 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs Pathmakala Karunaagaran
Director
08/02/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Chicken Village Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11503489 . The registered office is 2 High Street, Wealdstone, Harrow, HA3 7AA.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of zero years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 18%
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2022: 2)
3 2
4. Intangible Assets
Goodwill
£
Cost
As at 1 September 2022 25,000
As at 31 August 2023 25,000
Net Book Value
As at 31 August 2023 25,000
As at 1 September 2022 25,000
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Page 4
5. Tangible Assets
Plant & Machinery
£
Cost
As at 1 September 2022 24,750
As at 31 August 2023 24,750
Depreciation
As at 1 September 2022 13,560
Provided during the period 2,014
As at 31 August 2023 15,574
Net Book Value
As at 31 August 2023 9,176
As at 1 September 2022 11,190
6. Stocks
2023 2022
£ £
Materials 1,115 1,450
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Bank loans and overdrafts 10,000 10,000
Other taxes and social security 66 173
Accruals and deferred income 660 660
Director's loan account 27,329 17,000
38,055 27,833
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 21,667 27,500
21,667 27,500
9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1 1
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