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REGISTERED NUMBER: 03133583 (England and Wales)





















CHAIRPLAN LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023






CHAIRPLAN LIMITED (REGISTERED NUMBER: 03133583)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 7


CHAIRPLAN LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: Mrs C L Daisy
B D Daisy
D Griffin





REGISTERED OFFICE: Seebeck House 1 Seebeck Place
Knowlhill
Milton Keynes
MK5 8FR





REGISTERED NUMBER: 03133583 (England and Wales)





ACCOUNTANTS: Phipps Henson McAllister
Chartered Accountants
22-24 Harborough Road
Kingsthorpe
Northampton
NN2 7AZ

CHAIRPLAN LIMITED (REGISTERED NUMBER: 03133583)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 33,556 23,357

CURRENT ASSETS
Stocks 237,365 103,936
Debtors 5 359,218 106,283
Cash at bank and in hand 61,236 944
657,819 211,163
CREDITORS
Amounts falling due within one year 6 506,949 114,621
NET CURRENT ASSETS 150,870 96,542
TOTAL ASSETS LESS CURRENT LIABILITIES 184,426 119,899

CREDITORS
Amounts falling due after more than one
year

7

(16,376

)

(26,639

)

PROVISIONS FOR LIABILITIES (8,216 ) -
NET ASSETS 159,834 93,260

CAPITAL AND RESERVES
Called up share capital 8 2 2
Retained earnings 159,832 93,258
SHAREHOLDERS' FUNDS 159,834 93,260

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

CHAIRPLAN LIMITED (REGISTERED NUMBER: 03133583)

BALANCE SHEET - continued
31 DECEMBER 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 July 2024 and were signed on its behalf by:





B D Daisy - Director


CHAIRPLAN LIMITED (REGISTERED NUMBER: 03133583)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

Chairplan 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 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
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on cost
Computer equipment - 25% on reducing balance

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.

CHAIRPLAN LIMITED (REGISTERED NUMBER: 03133583)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


2. ACCOUNTING POLICIES - continued

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.

Debtors and creditors
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2022 - 10 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 January 2023 23,632 79,214 14,380
Additions - 1,022 1,832
At 31 December 2023 23,632 80,236 16,212
DEPRECIATION
At 1 January 2023 23,632 70,593 7,554
Charge for year - 2,239 2,164
At 31 December 2023 23,632 72,832 9,718
NET BOOK VALUE
At 31 December 2023 - 7,404 6,494
At 31 December 2022 - 8,621 6,826

CHAIRPLAN LIMITED (REGISTERED NUMBER: 03133583)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 January 2023 24,975 49,081 191,282
Additions 10,655 4,585 18,094
At 31 December 2023 35,630 53,666 209,376
DEPRECIATION
At 1 January 2023 24,975 41,171 167,925
Charge for year 994 2,498 7,895
At 31 December 2023 25,969 43,669 175,820
NET BOOK VALUE
At 31 December 2023 9,661 9,997 33,556
At 31 December 2022 - 7,910 23,357

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 335,591 89,281
Other debtors 23,627 17,002
359,218 106,283

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,263 10,031
Trade creditors 298,927 76,426
Amounts owed to group undertakings 100,000 -
Taxation and social security 90,214 24,413
Other creditors 7,545 3,751
506,949 114,621

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 16,376 26,639

CHAIRPLAN LIMITED (REGISTERED NUMBER: 03133583)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


8. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 2023 2022
value: £    £   
2 Ordinary Shares £1 2 2

9. RELATED PARTY DISCLOSURES

The company became a wholly owned subsidiary of Athiri Group Limited during the year, whose registered office is at:

Seeback House
1 Seebeck Place
Knowlhill
Milton Keynes
Buckinghamshire
MK5 8FR

Amounts owed to group undertakings includes £100,000 owing to Athiri Group Limited

Trade creditors includes £42,575 owing to Athiri Group Limited