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REGISTERED NUMBER: 05260332















THE CHAIR (CANTERBURY) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023






THE CHAIR (CANTERBURY) LIMITED (REGISTERED NUMBER: 05260332)






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


THE CHAIR (CANTERBURY) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: Mrs K A Hancock





SECRETARY: Mr P Hopkins





REGISTERED OFFICE: 3-4 The Borough
Canterbury
Kent
CT1 2DR





REGISTERED NUMBER: 05260332





ACCOUNTANTS: Spurling Cannon
Chartered Certified Accountants
424 Margate Road
Westwood
Ramsgate
Kent
CT12 6SJ

THE CHAIR (CANTERBURY) LIMITED (REGISTERED NUMBER: 05260332)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 3,905 4,594
3,905 4,594

CURRENT ASSETS
Stocks 6 3,000 3,000
Debtors 7 24,492 25,692
Cash at bank and in hand 193,173 390,505
220,665 419,197
CREDITORS
Amounts falling due within one year 8 (75,414 ) (177,387 )
NET CURRENT ASSETS 145,251 241,810
TOTAL ASSETS LESS CURRENT
LIABILITIES

149,156

246,404

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 149,056 246,304
SHAREHOLDERS' FUNDS 149,156 246,404

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.

THE CHAIR (CANTERBURY) LIMITED (REGISTERED NUMBER: 05260332)

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 18 September 2024 and were signed by:





Mrs K A Hancock - Director


THE CHAIR (CANTERBURY) LIMITED (REGISTERED NUMBER: 05260332)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

The Chair (Canterbury) Limited is a private company, limited by shares , registered in Not specified/Other. 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.
Improvements to property - 10% on cost
Plant and machinery - 15% on reducing balance
Fixture & Fittings - 15% on reducing balance
Equipment - 15% 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 year 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.


THE CHAIR (CANTERBURY) LIMITED (REGISTERED NUMBER: 05260332)

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 27 (2022 - 20 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 16,600
AMORTISATION
At 1 January 2023
and 31 December 2023 16,600
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 -

5. TANGIBLE FIXED ASSETS
Improvements
to Plant and Fixture &
property machinery Fittings Equipment Totals
£    £    £    £    £   
COST
At 1 January 2023
and 31 December 2023 203,489 3,950 18,574 23,233 249,246
DEPRECIATION
At 1 January 2023 203,489 3,543 16,875 20,745 244,652
Charge for year - 61 255 373 689
At 31 December 2023 203,489 3,604 17,130 21,118 245,341
NET BOOK VALUE
At 31 December 2023 - 346 1,444 2,115 3,905
At 31 December 2022 - 407 1,699 2,488 4,594

THE CHAIR (CANTERBURY) LIMITED (REGISTERED NUMBER: 05260332)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

6. STOCKS
2023 2022
£    £   
Closing stock 3,000 3,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Sundry debtors 22,400 23,600
Prepayments 2,092 2,092
24,492 25,692

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other loans 24,980 35,003
Trade creditors 16,741 16,315
Corporation Tax 80 19,867
Social security and other taxes 28,998 29,326
Directors' current accounts 1,780 1,809
Accrued expenses 2,835 75,067
75,414 177,387

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mrs K A Hancock.