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REGISTERED NUMBER: 10506425 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Chelsea Wild Flowers Limited

Chelsea Wild Flowers Limited (Registered number: 10506425)






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




Page

Balance Sheet 1

Notes to the Financial Statements 2


Chelsea Wild Flowers Limited (Registered number: 10506425)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,080 6,120

CURRENT ASSETS
Stocks 2,000 3,500
Debtors 5 63,026 34,013
Cash at bank 8,544 15,038
73,570 52,551
CREDITORS
Amounts falling due within one year 6 105,115 82,900
NET CURRENT LIABILITIES (31,545 ) (30,349 )
TOTAL ASSETS LESS CURRENT LIABILITIES (27,465 ) (24,229 )

CREDITORS
Amounts falling due after more than one year 7 19,491 24,167
NET LIABILITIES (46,956 ) (48,396 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (46,957 ) (48,397 )
SHAREHOLDERS' FUNDS (46,956 ) (48,396 )

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 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 director and authorised for issue on 3 May 2024 and were signed by:





Ms A P S Dunbar - Director


Chelsea Wild Flowers Limited (Registered number: 10506425)

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

1. STATUTORY INFORMATION

Chelsea Wild Flowers Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 10506425

Registered office: Ebenezer House
Ryecroft
Newcastle
Staffordshire
ST5 2BE

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


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 financial statements have been prepared on a going concern basis notwithstanding the deficit in net assets. The main creditor of the company is a bank loan of £29,491 (2022 - £34,167). The director is satisfied that the shareholder is prepared to continue to support the development of the company for the next 12 months.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue is recognised as the company becomes entitled to consideration for the services supplied. Therefore, turnover also includes the element of work completed but not yet invoiced.

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 - 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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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.

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.

Chelsea Wild Flowers Limited (Registered number: 10506425)

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

2. ACCOUNTING POLICIES - continued

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 5 (2022 - 4 ) .

4. TANGIBLE FIXED ASSETS
Improvements
to
property
£   
COST
At 1 January 2023
and 31 December 2023 10,200
DEPRECIATION
At 1 January 2023 4,080
Charge for year 2,040
At 31 December 2023 6,120
NET BOOK VALUE
At 31 December 2023 4,080
At 31 December 2022 6,120

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 1,143 1,189
Other debtors 61,883 32,824
63,026 34,013

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 620 -
Taxation and social security 50,811 40,854
Other creditors 43,684 32,046
105,115 82,900

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 19,491 24,167

Chelsea Wild Flowers Limited (Registered number: 10506425)

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

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:

2023 2022
£    £   
Ms A P S Dunbar
Balance outstanding at start of year 7,523 8,574
Amounts advanced 65,198 5,412
Amounts repaid (43,447 ) (6,463 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 29,274 7,523