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COMPANY REGISTRATION NUMBER: 12879235
CHEEKY CLUCKER ENTERTAINMENT LTD
Filleted Unaudited Financial Statements
29 September 2023
CHEEKY CLUCKER ENTERTAINMENT LTD
Financial Statements
Period from 1 October 2022 to 29 September 2023
Contents
Page
Statement of financial position
1
Notes to the financial statements
3
CHEEKY CLUCKER ENTERTAINMENT LTD
Statement of Financial Position
29 September 2023
29 Sep 23
30 Sep 22
Note
£
£
£
Fixed assets
Tangible assets
5
31,423
32,759
Current assets
Stocks
5,000
5,000
Debtors
6
7,219
6,470
Cash at bank and in hand
57,842
62,475
--------
--------
70,061
73,945
Creditors: amounts falling due within one year
7
87,132
114,892
--------
---------
Net current liabilities
17,071
40,947
--------
--------
Total assets less current liabilities
14,352
( 8,188)
--------
-------
Net assets/(liabilities)
14,352
( 8,188)
--------
-------
Capital and reserves
Called up share capital
100
100
Profit and loss account
14,252
( 8,288)
--------
-------
Shareholders funds/(deficit)
14,352
( 8,188)
--------
-------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the period ending 29 September 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
CHEEKY CLUCKER ENTERTAINMENT LTD
Statement of Financial Position (continued)
29 September 2023
These financial statements were approved by the board of directors and authorised for issue on 19 September 2024 , and are signed on behalf of the board by:
Mr D J Howe
Director
Company registration number: 12879235
CHEEKY CLUCKER ENTERTAINMENT LTD
Notes to the Financial Statements
Period from 1 October 2022 to 29 September 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unit 2 Exeter House Sir Thomas Longley Road, Medway City Estate, Rochester, ME2 4FE, England.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
After making appropriate enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future for at least one year from the date of the financial information. For these reasons they continue to adopt the going concern basis in preparing the company's financial information.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery
-
25% reducing balance
Fixtures and fittings
-
25% reducing balance
Equipment
-
25% reducing balance
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Government grants
Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received. Government grants are recognised using the accrual model and the performance model. Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable. Grants relating to assets are recognised in income on a systematic basis over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income and not deducted from the carrying amount of the asset. Under the performance model, where the grant does not impose specified future performance-related conditions on the recipient, it is recognised in income when the grant proceeds are received or receivable. Where the grant does impose specified future performance-related conditions on the recipient, it is recognised in income only when the performance-related conditions have been met. Where grants received are prior to satisfying the revenue recognition criteria, they are recognised as a liability.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. 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. Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the period amounted to 17 (2022: 16 ).
5. Tangible assets
Plant and machinery
Fixtures and fittings
Equipment
Total
£
£
£
£
Cost
At 1 October 2022
17,804
30,301
3,102
51,207
Additions
7,235
966
937
9,138
--------
--------
-------
--------
At 29 September 2023
25,039
31,267
4,039
60,345
--------
--------
-------
--------
Depreciation
At 1 October 2022
6,718
10,936
794
18,448
Charge for the period
4,580
5,083
811
10,474
--------
--------
-------
--------
At 29 September 2023
11,298
16,019
1,605
28,922
--------
--------
-------
--------
Carrying amount
At 29 September 2023
13,741
15,248
2,434
31,423
--------
--------
-------
--------
At 30 September 2022
11,086
19,365
2,308
32,759
--------
--------
-------
--------
6. Debtors
29 Sep 23
30 Sep 22
£
£
Trade debtors
6,981
4,602
Other debtors
238
1,868
-------
-------
7,219
6,470
-------
-------
7. Creditors: amounts falling due within one year
29 Sep 23
30 Sep 22
£
£
Bank loans and overdrafts
4,465
10,091
Trade creditors
4,459
9,487
Social security and other taxes
22,978
23,492
Other creditors
55,230
71,822
--------
---------
87,132
114,892
--------
---------
8. Related party transactions
At the year end, the company owed the directors £44,802 (2022: £65,843)