Company Registration No. SC194727 (Scotland)
Chictrade Limited
Unaudited accounts
for the year ended 30 September 2023
Chictrade Limited
Unaudited accounts
Contents
Chictrade Limited
Company Information
for the year ended 30 September 2023
Company Number
SC194727 (Scotland)
Registered Office
Abercorn, Auchtertyre
Balmacara
Kyle
IV40 8EG
United Kingdom
Accountants
Callan Accountancy
21 - 23 Woodside Place
Glasgow
G3 7QF
Chictrade Limited
Statement of financial position
as at 30 September 2023
Tangible assets
681,367
537,523
Inventories
415,821
119,310
Cash at bank and in hand
141,163
10,622
Creditors: amounts falling due within one year
(1,064,161)
(513,908)
Net current liabilities
(366,842)
(245,903)
Total assets less current liabilities
314,525
291,620
Creditors: amounts falling due after more than one year
(211,018)
(204,866)
Called up share capital
2
2
Profit and loss account
103,505
86,752
Shareholders' funds
103,507
86,754
For the year ending 30 September 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 28 June 2024 and were signed on its behalf by
Mr David Booth
Director
Company Registration No. SC194727
Chictrade Limited
Notes to the Accounts
for the year ended 30 September 2023
Chictrade Limited is a private company, limited by shares, registered in Scotland, registration number SC194727. The registered office is Abercorn, Auchtertyre, Balmacara, Kyle, IV40 8EG, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
SLM (Depreciated over 46 years lease period)
Plant & machinery
20 % RBM
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At cost
At 1 October 2022
61,595
236,562
532,315
830,472
Additions
-
21,750
263,967
285,717
At 30 September 2023
61,595
258,312
796,282
1,116,189
At 1 October 2022
31,467
112,990
148,492
292,949
Charge for the year
1,339
25,614
114,920
141,873
At 30 September 2023
32,806
138,604
263,412
434,822
At 30 September 2023
28,789
119,708
532,870
681,367
At 30 September 2022
30,128
123,572
383,823
537,523
Chictrade Limited
Notes to the Accounts
for the year ended 30 September 2023
Amounts falling due within one year
Trade debtors
128,808
69,546
Deferred tax asset
6,527
6,527
Other debtors
5,000
62,000
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
18,117
20,000
Obligations under finance leases and hire purchase contracts
94,726
54,788
Trade creditors
532,341
353,615
Taxes and social security
10,963
16,066
Loans from directors
202,178
67,609
7
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
160,729
140,742
8
Average number of employees
During the year the average number of employees was 2 (2022: 2).