Caseware UK (AP4) 2022.0.179 2022.0.179 2023-06-302023-06-30truetrue2022-07-01falseNo description of principal activity22The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 08484499 2022-07-01 2023-06-30 08484499 2021-07-01 2022-06-30 08484499 2023-06-30 08484499 2022-06-30 08484499 c:Director2 2022-07-01 2023-06-30 08484499 d:Buildings 2022-07-01 2023-06-30 08484499 d:Buildings 2023-06-30 08484499 d:Buildings 2022-06-30 08484499 d:Buildings d:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 08484499 d:CurrentFinancialInstruments 2023-06-30 08484499 d:CurrentFinancialInstruments 2022-06-30 08484499 d:Non-currentFinancialInstruments 2023-06-30 08484499 d:Non-currentFinancialInstruments 2022-06-30 08484499 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 08484499 d:CurrentFinancialInstruments d:WithinOneYear 2022-06-30 08484499 d:Non-currentFinancialInstruments d:AfterOneYear 2023-06-30 08484499 d:Non-currentFinancialInstruments d:AfterOneYear 2022-06-30 08484499 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-06-30 08484499 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-06-30 08484499 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-06-30 08484499 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2022-06-30 08484499 d:ShareCapital 2023-06-30 08484499 d:ShareCapital 2022-06-30 08484499 d:RevaluationReserve 2023-06-30 08484499 d:RevaluationReserve 2022-06-30 08484499 d:RetainedEarningsAccumulatedLosses 2023-06-30 08484499 d:RetainedEarningsAccumulatedLosses 2022-06-30 08484499 c:FRS102 2022-07-01 2023-06-30 08484499 c:AuditExempt-NoAccountantsReport 2022-07-01 2023-06-30 08484499 c:FullAccounts 2022-07-01 2023-06-30 08484499 c:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 08484499 2 2022-07-01 2023-06-30 08484499 5 2022-07-01 2023-06-30 08484499 6 2022-07-01 2023-06-30 iso4217:GBP xbrli:pure
Registered number: 08484499









CHELSEA JOINERY LIMITED

UNAUDITED

FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 JUNE 2023

 
CHELSEA JOINERY LIMITED
REGISTERED NUMBER: 08484499

BALANCE SHEET
AS AT 30 JUNE 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
610,337
616,487

Investments
 5 
50,000
50,000

  
660,337
666,487

Current assets
  

Debtors: amounts falling due within one year
 6 
6,598
1,514

Cash at bank and in hand
  
23,630
50,647

  
30,228
52,161

Creditors: amounts falling due within one year
 7 
(53,700)
(43,946)

Net current (liabilities)/assets
  
 
 
(23,472)
 
 
8,215

Total assets less current liabilities
  
636,865
674,702

Creditors: amounts falling due after more than one year
 8 
(352,611)
(363,266)

  

Net assets
  
284,254
311,436


Capital and reserves
  

Called up share capital 
  
200
200

Revaluation reserve
  
119,375
125,000

Profit and loss account
  
164,679
186,236

  
284,254
311,436


Page 1

 
CHELSEA JOINERY LIMITED
REGISTERED NUMBER: 08484499

BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 31 January 2024.




................................................
D R Maeer
Director

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
CHELSEA JOINERY LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1.


General information

Chelsea Joinery Limited is a private company limited by shares, incorporated in England and Wales, with
a company registration number of 08484499. The address of the registered office is Anglia House 6 Central Avenue, St Andrews Business Park, Thorpe St Andrew, Norwich, Norfolk, NR7 0HR.
The financial statements are prepared in sterling which is the functional currency of the company and
rounded to the nearest £.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

The directors consider that the resources available to the company will be sufficient for it to be able to
continue as a going concern. The financial statements do not contain any adjustments that would be
required if the company were not able to continue as a going concern.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
CHELSEA JOINERY LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

2.Accounting policies (continued)

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.7

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.8

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.9

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 4

 
CHELSEA JOINERY LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

2.Accounting policies (continued)


2.9
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Freehold property
-
1.5% per annum

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.10

Revaluation of tangible fixed assets

Individual freehold and leasehold properties are carried at current year value at fair value at the date of the revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Revaluations are undertaken with sufficient regularity to ensure the carrying amount does not differ materially from that which would be determined using fair value at the balance sheet date.
Fair values are determined from market based evidence normally undertaken by professionally qualified valuers.

Revaluation gains and losses are recognised in other comprehensive income unless losses exceed the previously recognised gains or reflect a clear consumption of economic benefits, in which case the excess losses are recognised in profit or loss.

 
2.11

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Profit and Loss Account for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.12

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.13

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 5

 
CHELSEA JOINERY LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

2.Accounting policies (continued)

 
2.14

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees




The average monthly number of employees, including directors, during the year was 2 (2022 - 2).


4.


Tangible fixed assets





Freehold property

£



Cost or valuation


At 1 July 2022
662,862



At 30 June 2023

662,862



Depreciation


At 1 July 2022
46,375


Charge for the year on owned assets
6,150



At 30 June 2023

52,525



Net book value



At 30 June 2023
610,337



At 30 June 2022
616,487

Cost or valuation at 30 June 2023 is as follows:

Land and buildings
£


At cost
537,862
At valuation:

Revaluled at 30 June 2019
125,000



662,862

Page 6

 
CHELSEA JOINERY LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

           4.Tangible fixed assets (continued)

If the land and buildings had not been included at valuation they would have been included under the historical cost convention as follows:

2023
2022
£
£



Cost
537,862
537,862

Accumulated depreciation
(46,900)
(41,875)

Net book value
490,962
495,987


5.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 July 2022
50,000



At 30 June 2023
50,000





6.


Debtors

2023
2022
£
£


Called up share capital not paid
98
98

Prepayments and accrued income
6,500
1,416

6,598
1,514


Page 7

 
CHELSEA JOINERY LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
14,500
14,500

Amounts owed to group undertakings
35,000
20,000

Corporation tax
1,776
4,839

Other taxation and social security
961
1,914

Accruals and deferred income
1,463
2,693

53,700
43,946



8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
252,713
263,368

Other loans
99,898
99,898

352,611
363,266


Secured creditors
The total amount of creditors for which security has been given amounted to £402,111 (2022 - £397,766)

Page 8

 
CHELSEA JOINERY LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

9.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
14,500
14,500


14,500
14,500


Amounts falling due 2-5 years

Bank loans
67,000
67,000


67,000
67,000

Amounts falling due after more than 5 years

Bank loans
185,713
196,368

Other loans
99,898
99,898

285,611
296,266

367,111
377,766



10.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held
separately from those of the Company in an independently administered fund. The pension cost charge
represents contributions payable by the Company to the fund and amounted to £2,400 (2022 - £2,400).


Page 9