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REGISTERED NUMBER: 07015898 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024

FOR

CHOC AFFAIR LTD

CHOC AFFAIR LTD (REGISTERED NUMBER: 07015898)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CHOC AFFAIR LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTORS: Mrs L M Barrie
I J Dickons
E J Barrie





REGISTERED OFFICE: Unit 1 Hazel Court
York
YO10 3DR





REGISTERED NUMBER: 07015898 (England and Wales)





ACCOUNTANTS: Positive Accountants
Elmwood House
York Road
Kirk Hammerton
York
North Yorkshire
YO26 8DH

CHOC AFFAIR LTD (REGISTERED NUMBER: 07015898)

BALANCE SHEET
31 JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 209,997 86,787

CURRENT ASSETS
Stocks 128,039 121,942
Debtors 4 84,716 89,819
Cash at bank and in hand 46,820 6,685
259,575 218,446
CREDITORS
Amounts falling due within one year 5 119,465 119,374
NET CURRENT ASSETS 140,110 99,072
TOTAL ASSETS LESS CURRENT
LIABILITIES

350,107

185,859

CREDITORS
Amounts falling due after more than one
year

6

(138,600

)

(56,487

)

PROVISIONS FOR LIABILITIES (42,499 ) (14,413 )
NET ASSETS 169,008 114,959

CHOC AFFAIR LTD (REGISTERED NUMBER: 07015898)

BALANCE SHEET - continued
31 JANUARY 2024

2024 2023
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 168,808 114,759
SHAREHOLDERS' FUNDS 169,008 114,959

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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.

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 27 August 2024 and were signed on its behalf by:





E J Barrie - Director


CHOC AFFAIR LTD (REGISTERED NUMBER: 07015898)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024


1. 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.
Plant and machinery etc - 25% on reducing balance and 20% 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.

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.

CHOC AFFAIR LTD (REGISTERED NUMBER: 07015898)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


1. ACCOUNTING POLICIES - continued

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.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2023 - 16 ) .

3. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2023 297,861
Additions 158,423
At 31 January 2024 456,284
DEPRECIATION
At 1 February 2023 211,074
Charge for year 35,213
At 31 January 2024 246,287
NET BOOK VALUE
At 31 January 2024 209,997
At 31 January 2023 86,787

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 78,912 87,319
Other debtors 5,804 2,500
84,716 89,819

CHOC AFFAIR LTD (REGISTERED NUMBER: 07015898)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 17,851 44,002
Taxation and social security 39,461 30,035
Other creditors 62,153 45,337
119,465 119,374

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other loans 138,600 56,487

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year - 15,333

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Other loans 56,487 80,110

9. RELATED PARTY DISCLOSURES

Included in loans is an amount of £142,449 which is guaranteed personally by directors E J Barrie and L M Barrie.