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REGISTERED NUMBER: 09616235 (England and Wales)















Unaudited Financial Statements

for the Year Ended 30 June 2023

for

Chewys Ltd

Chewys Ltd (Registered number: 09616235)

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










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Chewys Ltd

Company Information
for the Year Ended 30 June 2023







DIRECTORS: Ms L J Morgan-Wright
D P Wright



REGISTERED OFFICE: 41 Buccaneer Avenue
Brockworth
Gloucester
Gloucestershire
GL3 4UL



REGISTERED NUMBER: 09616235 (England and Wales)



ACCOUNTANTS: HATS Gloucester Ltd
48 Hucclecote Road
Gloucester
Gloucestershire
GL3 3RS



BANKERS: Barclays Bank Plc
128 High Street
Cheltenham
Gloucestershire
GL50 1EG

Chewys Ltd (Registered number: 09616235)

Statement of Financial Position
30 June 2023

30/6/23 30/6/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,272 5,955

CURRENT ASSETS
Stocks 6,000 8,000
Debtors 5 1,147 1,453
Cash at bank and in hand 531 4,838
7,678 14,291
CREDITORS
Amounts falling due within one year 6 161,160 154,431
NET CURRENT LIABILITIES (153,482 ) (140,140 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(149,210

)

(134,185

)

CREDITORS
Amounts falling due after more than one
year

7

33,432

38,426
NET LIABILITIES (182,642 ) (172,611 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (182,742 ) (172,711 )
SHAREHOLDERS' FUNDS (182,642 ) (172,611 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

Chewys Ltd (Registered number: 09616235)

Statement of Financial Position - continued
30 June 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 15 February 2024 and were signed on its behalf by:





D P Wright - Director


Chewys Ltd (Registered number: 09616235)

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


1. STATUTORY INFORMATION

Chewys 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.

Turnover
Turnover represents net invoiced sales of goods and services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Leasehold improvements - 20% on cost
Plant and machinery - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

Government grants
Government grants are recognised based on the accrual model and are measured at the fair value of the amount receivable. Grants relating to revenue are recognised in income over the period in which the income is receivable.

Going concern
Despite net current liabilities of £153,482 on 30 June 2023, (2022 - £140,140), the accounts have been prepared on a going concern basis. The directors have reviewed future cash flows of the business and expressed their willingness to financially support the company for the foreseeable future and therefore considers it appropriate to prepare the financial statements on a going concern basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 10 ) .

Chewys Ltd (Registered number: 09616235)

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


4. TANGIBLE FIXED ASSETS
Leasehold Plant and Computer
improvements machinery equipment Totals
£    £    £    £   
Cost
At 1 July 2022 27,788 24,091 3,218 55,097
Additions - - 342 342
At 30 June 2023 27,788 24,091 3,560 55,439
Depreciation
At 1 July 2022 27,788 19,284 2,070 49,142
Charge for year - 1,202 823 2,025
At 30 June 2023 27,788 20,486 2,893 51,167
Net book value
At 30 June 2023 - 3,605 667 4,272
At 30 June 2022 - 4,807 1,148 5,955

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/6/23 30/6/22
£    £   
Other debtors 1,147 1,453

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/6/23 30/6/22
£    £   
Bank loans and overdrafts 8,676 5,556
Trade creditors 2,631 162
Taxation and social security 8,066 5,288
Other creditors 141,787 143,425
161,160 154,431

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30/6/23 30/6/22
£    £   
Bank loans 33,432 38,426

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 11,210 16,204

Chewys Ltd (Registered number: 09616235)

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


8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
30/6/23 30/6/22
£    £   
Within one year 7,619 5,590
Between one and five years 8,441 295
16,060 5,885

9. RELATED PARTY DISCLOSURES

D P Wright
Director

The director has loaned funds to the company. On 30 June 2023, the company owed the director £138,520 (2022 - £140,459). This balance is interest free and has no fixed repayment terms.