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REGISTERED NUMBER: 09621902 (England and Wales)















Financial Statements for the Year Ended 31 December 2023

for

Cherie Lee Interiors Limited

Cherie Lee Interiors Limited (Registered number: 09621902)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Cherie Lee Interiors Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: Mrs C Evans





REGISTERED OFFICE: Office 3
Alswick Hall
Hare Street Road
Buntingford
SG9 0AA





REGISTERED NUMBER: 09621902 (England and Wales)





ACCOUNTANTS: Richard Smedley Limited
Chartered Accountants & Registered Auditors
Richmond House
Lawnswood Business Park
Redvers Close
Leeds
West Yorkshire
LS16 6QY

Cherie Lee Interiors Limited (Registered number: 09621902)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 47,157 46,946

CURRENT ASSETS
Stocks 41,052 85,009
Debtors 5 206,730 12,066
Cash at bank 29,603 53,563
277,385 150,638
CREDITORS
Amounts falling due within one year 6 365,592 102,310
NET CURRENT (LIABILITIES)/ASSETS (88,207 ) 48,328
TOTAL ASSETS LESS CURRENT
LIABILITIES

(41,050

)

95,274

PROVISIONS FOR LIABILITIES 1,419 4,318
NET (LIABILITIES)/ASSETS (42,469 ) 90,956

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (42,569 ) 90,856
SHAREHOLDERS' FUNDS (42,469 ) 90,956

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

Cherie Lee Interiors Limited (Registered number: 09621902)

Balance Sheet - continued
31 December 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 19 September 2024 and were signed by:





Mrs C Evans - Director


Cherie Lee Interiors Limited (Registered number: 09621902)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Cherie Lee Interiors 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.

The company is considered a going concern due to the ongoing support of the director and shareholder.

Turnover
Turnover comprises the value of sales (excluding VAT, similar taxes and trade discounts) of goods and services provided in the normal course of business. Revenue is recognised as the activity progresses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - straight line over the life of the asset
Fixtures and fittings - 33% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Financial instruments
Basic financial instruments are recognised at amortised cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


Cherie Lee Interiors Limited (Registered number: 09621902)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

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 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.

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 6 (2022 - 6 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Short and Motor Computer
leasehold fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 January 2023 45,427 15,115 14,082 11,800 86,424
Additions 7,381 7,599 - 2,821 17,801
At 31 December 2023 52,808 22,714 14,082 14,621 104,225
DEPRECIATION
At 1 January 2023 9,085 11,711 8,141 10,541 39,478
Charge for year 10,562 3,973 1,485 1,570 17,590
At 31 December 2023 19,647 15,684 9,626 12,111 57,068
NET BOOK VALUE
At 31 December 2023 33,161 7,030 4,456 2,510 47,157
At 31 December 2022 36,342 3,404 5,941 1,259 46,946

Cherie Lee Interiors Limited (Registered number: 09621902)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 168,804 -
Other debtors 37,926 12,066
206,730 12,066

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 138,132 23,699
Taxation and social security 6,976 45,679
Other creditors 220,484 32,932
365,592 102,310

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.12.23 31.12.22
£    £   
Within one year 45,000 45,000
Between one and five years 120,000 165,000
165,000 210,000

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2023 and 31 December 2022:

31.12.23 31.12.22
£    £   
Mrs C Evans
Balance outstanding at start of year (993 ) 54,552
Amounts advanced 993 75,215
Amounts repaid - (130,760 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - (993 )

Interest has been charged at the official rate.
This is repayable on demand.