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REGISTERED NUMBER: 10790928 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2023

for

Chelsey Briggs Limited

Chelsey Briggs Limited (Registered number: 10790928)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Chelsey Briggs Limited

Company Information
for the Year Ended 30 November 2023







DIRECTORS: C Creek
M Creek





REGISTERED OFFICE: Office 10
465C Hornsey Road
London
N19 4DR





REGISTERED NUMBER: 10790928 (England and Wales)





ACCOUNTANTS: Goldhill Accountancy Ltd
Office 10, Unit 1
465C Hornsey Road
Islington
London
N19 4DR

Chelsey Briggs Limited (Registered number: 10790928)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,556 2,899

CURRENT ASSETS
Debtors 5 - 18,631
Cash at bank 1,192 2,946
1,192 21,577
CREDITORS
Amounts falling due within one year 6 5,232 4,433
NET CURRENT (LIABILITIES)/ASSETS (4,040 ) 17,144
TOTAL ASSETS LESS CURRENT
LIABILITIES

(1,484

)

20,043

CREDITORS
Amounts falling due after more than one year 7 (16,314 ) (17,416 )

PROVISIONS FOR LIABILITIES 9 (486 ) (551 )
NET (LIABILITIES)/ASSETS (18,284 ) 2,076

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 10 (18,384 ) 1,976
(18,284 ) 2,076

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

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

Chelsey Briggs Limited (Registered number: 10790928)

Balance Sheet - continued
30 November 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 10 August 2024 and were signed on its behalf by:





C Creek - Director


Chelsey Briggs Limited (Registered number: 10790928)

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

1. STATUTORY INFORMATION

Chelsey Briggs 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
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.

The directors consider the going concern basis to be appropriate as, in their opinion, the company will be able to secure sufficient funding to enable it to pay its debts as they fall due.
The financial statements have been prepared on the going concern basis on the assumption the company will continue to trade for the foreseeable future, even though it had net liabilities of £18,284 (2022: a net asset balance of £2,076) as at the balance sheet date.

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.
Plant and machinery - 25% on cost
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on cost

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 ) .

Chelsey Briggs Limited (Registered number: 10790928)

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

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 December 2022 183 4,404 4,187 8,774
Additions - 791 903 1,694
At 30 November 2023 183 5,195 5,090 10,468
DEPRECIATION
At 1 December 2022 8 2,761 3,106 5,875
Charge for year 45 484 1,508 2,037
At 30 November 2023 53 3,245 4,614 7,912
NET BOOK VALUE
At 30 November 2023 130 1,950 476 2,556
At 30 November 2022 175 1,643 1,081 2,899

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Directors' curr accs less 1yr - 18,387
Prepayments - 244
- 18,631

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans and overdrafts (see note 8) 2,365 1,592
Tax 1,087 1,865
Other creditors - 976
Directors' curr accs less 1yr 1,780 -
5,232 4,433

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.23 30.11.22
£    £   
Bank loans (see note 8) 16,314 17,416

Chelsey Briggs Limited (Registered number: 10790928)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
30.11.23 30.11.22
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 1,167 4,637

8. LOANS

An analysis of the maturity of loans is given below:

30.11.23 30.11.22
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts - 14
Bank loans 2,365 1,578
2,365 1,592

Amounts falling due between one and two years:
Bank loans - 1-2 years 2,971 2,430

Amounts falling due between two and five years:
Bank loans - 2-5 years 12,176 10,349

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 1,167 4,637

9. PROVISIONS FOR LIABILITIES
30.11.23 30.11.22
£    £   
Deferred tax 486 551

Deferred
tax
£   
Balance at 1 December 2022 551
Provided during year (65 )
Balance at 30 November 2023 486

Chelsey Briggs Limited (Registered number: 10790928)

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

10. RESERVES
Retained
earnings
£   

At 1 December 2022 1,976
Deficit for the year (20,360 )
At 30 November 2023 (18,384 )

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 November 2023 and 30 November 2022:

30.11.23 30.11.22
£    £   
C Creek
Balance outstanding at start of year 14,692 9,728
Amounts advanced 4,496 9,265
Amounts repaid (20,968 ) (4,301 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (1,780 ) 14,692

M Creek
Balance outstanding at start of year 3,694 5,453
Amounts advanced - 875
Amounts repaid (3,694 ) (2,634 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 3,694

The director's current account balance shown under creditors of £1,780 (2022: a debit balance of £18,386) has no fixed date for repayment, is repayable upon demand and is non-interest bearing.