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REGISTERED NUMBER: 02769206 (England and Wales)











Financial Statements

for the Year Ended 31 August 2023

for

CHELSEA LIGHTING DESIGN LIMITED

CHELSEA LIGHTING DESIGN LIMITED (REGISTERED NUMBER: 02769206)






Contents of the Financial Statements
FOR THE YEAR ENDED 31 AUGUST 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CHELSEA LIGHTING DESIGN LIMITED

Company Information
FOR THE YEAR ENDED 31 AUGUST 2023







DIRECTORS: S T Oates
Ms S A Newton





SECRETARY: S T Oates





REGISTERED OFFICE: 120 Rusthall Avenue
London
W4 1BS





REGISTERED NUMBER: 02769206 (England and Wales)





ACCOUNTANTS: Marchant Lewis Limited
105a Caversham Avenue
London
N13 4LL

CHELSEA LIGHTING DESIGN LIMITED (REGISTERED NUMBER: 02769206)

Balance Sheet
31 AUGUST 2023

31.8.23 31.8.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 301 1,418

CURRENT ASSETS
Stocks 35,140 3,895
Debtors 5 11,837 10,274
Cash at bank and in hand 3,762 2,327
50,739 16,496
CREDITORS
Amounts falling due within one year 6 41,848 28,512
NET CURRENT ASSETS/(LIABILITIES) 8,891 (12,016 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

9,192

(10,598

)

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 9,092 (10,698 )
SHAREHOLDERS' FUNDS 9,192 (10,598 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 LIGHTING DESIGN LIMITED (REGISTERED NUMBER: 02769206)

Balance Sheet - continued
31 AUGUST 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 19 February 2024 and were signed on its behalf by:




Ms S A Newton - Director



S T Oates - Director


CHELSEA LIGHTING DESIGN LIMITED (REGISTERED NUMBER: 02769206)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 AUGUST 2023

1. STATUTORY INFORMATION

Chelsea Lighting Design 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
The financial statements have been prepared on a going concern basis. The 'creditors : amounts falling due within one year' includes the directors' loan account of £39,110 (2022- £25,796).

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.
Improvements to property - 10% on cost
Showroom - over the lease period
Fixtures and fittings - 10% on cost
Computer equipment - 33.33% 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

CHELSEA LIGHTING DESIGN LIMITED (REGISTERED NUMBER: 02769206)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 AUGUST 2023

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Computer
property Showroom fittings equipment Totals
£    £    £    £    £   
COST
At 1 September 2022 20,955 38,284 63,597 58,654 181,490
Additions - - - 380 380
At 31 August 2023 20,955 38,284 63,597 59,034 181,870
DEPRECIATION
At 1 September 2022 20,955 38,284 63,597 57,236 180,072
Charge for year - - - 1,497 1,497
At 31 August 2023 20,955 38,284 63,597 58,733 181,569
NET BOOK VALUE
At 31 August 2023 - - - 301 301
At 31 August 2022 - - - 1,418 1,418

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Trade debtors 10,975 9,584
Prepayments 862 690
11,837 10,274

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Trade creditors 517 495
Tax 7 -
Social security and other taxes 414 421
Directors' current accounts 39,110 25,796
Accrued expenses 1,800 1,800
41,848 28,512