IRIS Accounts Production v24.2.0.383 08182199 Board of Directors 1.2.23 31.1.24 31.1.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh081821992023-01-31081821992024-01-31081821992023-02-012024-01-31081821992022-01-31081821992022-02-012023-01-31081821992023-01-3108182199ns15:EnglandWales2023-02-012024-01-3108182199ns14:PoundSterling2023-02-012024-01-3108182199ns10:Director12023-02-012024-01-3108182199ns10:PrivateLimitedCompanyLtd2023-02-012024-01-3108182199ns10:SmallEntities2023-02-012024-01-3108182199ns10:AuditExempt-NoAccountantsReport2023-02-012024-01-3108182199ns10:SmallCompaniesRegimeForDirectorsReport2023-02-012024-01-3108182199ns10:SmallCompaniesRegimeForAccounts2023-02-012024-01-3108182199ns10:FullAccounts2023-02-012024-01-310818219912023-02-012024-01-3108182199ns10:Director22023-02-012024-01-3108182199ns10:RegisteredOffice2023-02-012024-01-3108182199ns5:CurrentFinancialInstruments2024-01-3108182199ns5:CurrentFinancialInstruments2023-01-3108182199ns5:ShareCapital2024-01-3108182199ns5:ShareCapital2023-01-3108182199ns5:RetainedEarningsAccumulatedLosses2024-01-3108182199ns5:RetainedEarningsAccumulatedLosses2023-01-3108182199ns5:NetGoodwill2023-02-012024-01-3108182199ns5:PlantMachinery2023-02-012024-01-3108182199ns5:FurnitureFittings2023-02-012024-01-3108182199ns5:ComputerEquipment2023-02-012024-01-3108182199ns5:NetGoodwill2023-01-3108182199ns5:NetGoodwill2024-01-3108182199ns5:NetGoodwill2023-01-3108182199ns5:LandBuildings2023-01-3108182199ns5:PlantMachinery2023-01-3108182199ns5:FurnitureFittings2023-01-3108182199ns5:ComputerEquipment2023-01-3108182199ns5:LandBuildings2023-02-012024-01-3108182199ns5:LandBuildings2024-01-3108182199ns5:PlantMachinery2024-01-3108182199ns5:FurnitureFittings2024-01-3108182199ns5:ComputerEquipment2024-01-3108182199ns5:LandBuildings2023-01-3108182199ns5:PlantMachinery2023-01-3108182199ns5:FurnitureFittings2023-01-3108182199ns5:ComputerEquipment2023-01-3108182199ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-01-3108182199ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-01-31
REGISTERED NUMBER: 08182199 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 January 2024

for

Chloes Creative Cards Limited

Chloes Creative Cards Limited (Registered number: 08182199)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Chloes Creative Cards Limited

Company Information
for the Year Ended 31 January 2024







DIRECTORS: Miss C Endean
Mrs C Endean





REGISTERED OFFICE: 25 Lancashire Drive
Belmont
Durham City
Co. Durham
DH1 2DE





REGISTERED NUMBER: 08182199 (England and Wales)





ACCOUNTANTS: Evelyn Partners
17 Queens Lane
Newcastle upon Tyne
Tyne and Wear
NE1 1RN

Chloes Creative Cards Limited (Registered number: 08182199)

Balance Sheet
31 January 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 5 - -
Tangible assets 6 17,028 14,251
17,028 14,251

CURRENT ASSETS
Stocks 168,619 224,111
Debtors 7 5,335 4,533
Cash at bank and in hand 102,635 47,578
276,589 276,222
CREDITORS
Amounts falling due within one year 8 (193,447 ) (169,406 )
NET CURRENT ASSETS 83,142 106,816
TOTAL ASSETS LESS CURRENT
LIABILITIES

100,170

121,067

PROVISIONS FOR LIABILITIES (3,865 ) (3,865 )
NET ASSETS 96,305 117,202

CAPITAL AND RESERVES
Called up share capital 100 100
Profit and loss account 96,205 117,102
96,305 117,202

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 September 2024 and were signed on its behalf by:





Miss C Endean - Director


Chloes Creative Cards Limited (Registered number: 08182199)

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

1. STATUTORY INFORMATION

Chloes Creative Cards 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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 and represents amounts receivable for craft supplies retail sales stated net of discounts and of value added tax.

The company recognises revenue when the amount of revenue can be measured reliably, when it is probable that future economic benefits will flow to the company.

Intangible fixed assets
Intangible fixed assets are stated at cost less accumulated amortisation and any accumulated impairment losses.

Amortisation is charged so as to allocate the cost of intangible assets less their residual values over their useful economic life, using the straight line method.

The intangible assets are amortised over the following useful economic lives:

Goodwill - 5 years

In the opinion of the directors this represents the period over which the goodwill is effective.

If there are indicators that the residual value or useful life of an intangible asset has changed since the most recent annual reporting period previous estimates shall be reviewed and, if current expectations differ the residual value, amortisation method or useful life shall be amended. Changes in the expected useful life of the expected pattern of consumption of benefit shall be accounted for as a change in accounting estimate.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on cost

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses.

Impairment of assets
At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised immediately in profit and loss.

If an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in profit or loss.

Stocks
Stocks are measured at the lower of cost and estimated selling price less cost to complete and sell. Cost is calculated on a first in, first out basis and includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to their present location and condition.

Chloes Creative Cards Limited (Registered number: 08182199)

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

3. ACCOUNTING POLICIES - continued

Financial instruments
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, loans to related parties and investments on non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments.

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 and other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Current and deferred tax assets and liabilities are not discounted.

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.

Employee benefits
Short term employee benefits are recognised as an expense in the period in which they are incurred.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2023
and 31 January 2024 150,000
AMORTISATION
At 1 February 2023
and 31 January 2024 150,000
NET BOOK VALUE
At 31 January 2024 -
At 31 January 2023 -

Chloes Creative Cards Limited (Registered number: 08182199)

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

6. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 February 2023 10,796 7,087 1,409 24,251 43,543
Additions - - 2,609 4,564 7,173
At 31 January 2024 10,796 7,087 4,018 28,815 50,716
DEPRECIATION
At 1 February 2023 2,926 6,534 1,320 18,512 29,292
Charge for year 788 140 676 2,792 4,396
At 31 January 2024 3,714 6,674 1,996 21,304 33,688
NET BOOK VALUE
At 31 January 2024 7,082 413 2,022 7,511 17,028
At 31 January 2023 7,870 553 89 5,739 14,251

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 5,335 4,533

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 22,839 28,840
Taxation and social security 51,614 22,882
Other creditors 118,994 117,684
193,447 169,406