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REGISTERED NUMBER: 03000832 (England and Wales)















Unaudited Financial Statements

for the Period 1 January 2023 to 31 March 2024

for

Chadwicks (Faversham) Limited

Chadwicks (Faversham) Limited (Registered number: 03000832)






Contents of the Financial Statements
for the Period 1 January 2023 to 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Chadwicks (Faversham) Limited

Company Information
for the Period 1 January 2023 to 31 March 2024







DIRECTOR: G Antoniou





SECRETARY: Mrs M Antoniou





REGISTERED OFFICE: 16 Orange Street
Canterbury
Kent
CT1 2JA





REGISTERED NUMBER: 03000832 (England and Wales)





ACCOUNTANTS: Susan King FCA
115 London Road
Temple Ewell
Dover
Kent
CT16 3BY

Chadwicks (Faversham) Limited (Registered number: 03000832)

Balance Sheet
31 March 2024

31.3.24 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 5,000 5,000
Tangible assets 5 8,856 9,171
13,856 14,171

CURRENT ASSETS
Stocks 6 12,298 8,508
Debtors 7 13,518 15,172
Cash at bank and in hand 7,897 11,517
33,713 35,197
CREDITORS
Amounts falling due within one year 8 13,411 10,172
NET CURRENT ASSETS 20,302 25,025
TOTAL ASSETS LESS CURRENT
LIABILITIES

34,158

39,196

CAPITAL AND RESERVES
Called up share capital 9 30 30
Retained earnings 10 34,128 39,166
SHAREHOLDERS' FUNDS 34,158 39,196

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Chadwicks (Faversham) Limited (Registered number: 03000832)

Balance Sheet - continued
31 March 2024


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 director and authorised for issue on 4 September 2024 and were signed by:





G Antoniou - Director


Chadwicks (Faversham) Limited (Registered number: 03000832)

Notes to the Financial Statements
for the Period 1 January 2023 to 31 March 2024

1. STATUTORY INFORMATION

Chadwicks (Faversham) 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill is not depreciated.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 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 period 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.


Chadwicks (Faversham) Limited (Registered number: 03000832)

Notes to the Financial Statements - continued
for the Period 1 January 2023 to 31 March 2024

2. ACCOUNTING POLICIES - continued
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 period 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 5 (2022 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 March 2024 5,000
NET BOOK VALUE
At 31 March 2024 5,000
At 31 December 2022 5,000

Chadwicks (Faversham) Limited (Registered number: 03000832)

Notes to the Financial Statements - continued
for the Period 1 January 2023 to 31 March 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Long and
leasehold fittings Totals
£    £    £   
COST
At 1 January 2023
and 31 March 2024 7,911 53,486 61,397
DEPRECIATION
At 1 January 2023 - 52,226 52,226
Charge for period - 315 315
At 31 March 2024 - 52,541 52,541
NET BOOK VALUE
At 31 March 2024 7,911 945 8,856
At 31 December 2022 7,911 1,260 9,171

6. STOCKS
31.3.24 31.12.22
£    £   
Finished goods 12,298 8,508

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.12.22
£    £   
Trade debtors 13,518 13,943
Tax - 1,229
13,518 15,172

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.12.22
£    £   
Trade creditors 2,598 1,248
Social security and other taxes 675 356
VAT 8,009 7,619
Other creditors 914 949
Accruals and deferred income 1,215 -
13,411 10,172

Chadwicks (Faversham) Limited (Registered number: 03000832)

Notes to the Financial Statements - continued
for the Period 1 January 2023 to 31 March 2024

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.12.22
value: £    £   
30 Ordinary 1 30 30

10. RESERVES
Retained
earnings
£   

At 1 January 2023 39,166
Deficit for the period (5,038 )
At 31 March 2024 34,128