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REGISTERED NUMBER: 04684594 (England and Wales)



































Financial Statements

for the Year Ended 31 March 2024

for

Cheshire Leather (UK) Ltd

Cheshire Leather (UK) Ltd (Registered number: 04684594)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Cheshire Leather (UK) Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: T Walker
Mrs V A Walker
J T Walker



SECRETARY: Mrs V A Walker



REGISTERED OFFICE: Unit 3 Cobden Industrial Center
Quakers Coppice
Crewe Gates Farm
Crewe
Cheshire
CW1 6FA



REGISTERED NUMBER: 04684594 (England and Wales)



ACCOUNTANTS: Paterson Brodie Limited
Chartered Certified Accountants
Cliveden Chambers
Cliveden Place
Longton
Stoke-on-Trent
Staffordshire
ST3 4JB



BANKERS: Barclays Plc
Market Street
Crewe
Cheshire

Cheshire Leather (UK) Ltd (Registered number: 04684594)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 2,287 4,252
2,287 4,252

CURRENT ASSETS
Stocks 17,631 27,259
Debtors 6 42,873 31,920
Cash at bank and in hand 450,880 410,097
511,384 469,276
CREDITORS
Amounts falling due within one year 7 433,285 390,108
NET CURRENT ASSETS 78,099 79,168
TOTAL ASSETS LESS CURRENT
LIABILITIES

80,386

83,420

PROVISIONS FOR LIABILITIES 572 -
NET ASSETS 79,814 83,420

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 78,814 82,420
SHAREHOLDERS' FUNDS 79,814 83,420

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

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

Cheshire Leather (UK) Ltd (Registered number: 04684594)

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 Board of Directors and authorised for issue on 17 September 2024 and were signed on its behalf by:





Mrs V A Walker - Director


Cheshire Leather (UK) Ltd (Registered number: 04684594)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Cheshire Leather (UK) Ltd 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, being the amount paid in connection with the acquisition of a business in 2004, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer & office equipment - 20% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 year was 5 (2023 - 5 ) .

Cheshire Leather (UK) Ltd (Registered number: 04684594)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 419,000
AMORTISATION
At 1 April 2023
and 31 March 2024 419,000
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

5. TANGIBLE FIXED ASSETS
Computer
Plant and Motor & office
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2023 8,230 11,599 3,655 23,484
Additions 300 - - 300
At 31 March 2024 8,530 11,599 3,655 23,784
DEPRECIATION
At 1 April 2023 7,825 7,929 3,478 19,232
Charge for year 106 1,982 177 2,265
At 31 March 2024 7,931 9,911 3,655 21,497
NET BOOK VALUE
At 31 March 2024 599 1,688 - 2,287
At 31 March 2023 405 3,670 177 4,252

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 40,291 29,712
Prepayments 2,582 2,208
42,873 31,920

Cheshire Leather (UK) Ltd (Registered number: 04684594)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 123,973 40,948
Tax 37,778 26,415
Social security and other taxes (512 ) -
VAT 137 2,965
Other creditors 210 191
Directors' loan accounts 269,199 316,999
Accrued expenses 2,500 2,590
433,285 390,108

8. ULTIMATE CONTROLLING PARTY

The company is a family owned company. Mr and Mrs Walker, and their son, each own a third of the issued share capital.