Chinnerys Limited 05722893 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is bars Digita Accounts Production Advanced 6.30.9574.0 true true 05722893 2023-04-01 2024-03-31 05722893 2024-03-31 05722893 core:CurrentFinancialInstruments 2024-03-31 05722893 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 05722893 core:Goodwill 2024-03-31 05722893 core:FurnitureFittingsToolsEquipment 2024-03-31 05722893 bus:SmallEntities 2023-04-01 2024-03-31 05722893 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 05722893 bus:FilletedAccounts 2023-04-01 2024-03-31 05722893 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 05722893 bus:RegisteredOffice 2023-04-01 2024-03-31 05722893 bus:CompanySecretaryDirector1 2023-04-01 2024-03-31 05722893 bus:Director1 2023-04-01 2024-03-31 05722893 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 05722893 core:FurnitureFittings 2023-04-01 2024-03-31 05722893 core:FurnitureFittingsToolsEquipment 2023-04-01 2024-03-31 05722893 core:OfficeEquipment 2023-04-01 2024-03-31 05722893 countries:EnglandWales 2023-04-01 2024-03-31 05722893 2023-03-31 05722893 core:Goodwill 2023-03-31 05722893 core:FurnitureFittingsToolsEquipment 2023-03-31 05722893 2022-04-01 2023-03-31 05722893 2023-03-31 05722893 core:CurrentFinancialInstruments 2023-03-31 05722893 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 05722893 core:Goodwill 2023-03-31 05722893 core:FurnitureFittingsToolsEquipment 2023-03-31 iso4217:GBP xbrli:pure

Registration number: 05722893

Chinnerys Limited

trading as Chinnerys

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2024

 

Chinnerys Limited

trading as Chinnerys

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 7

 

Chinnerys Limited

trading as Chinnerys

(Registration number: 05722893)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Intangible assets

4

11,765

11,765

Tangible assets

5

11,598

5,167

 

23,363

16,932

Current assets

 

Stocks

6

22,486

17,541

Debtors

7

40,495

11,844

Cash at bank and in hand

 

134,307

118,606

 

197,288

147,991

Creditors: Amounts falling due within one year

8

(72,154)

(39,290)

Net current assets

 

125,134

108,701

Total assets less current liabilities

 

148,497

125,633

Provisions for liabilities

(2,899)

(1,292)

Net assets

 

145,598

124,341

Capital and reserves

 

Called up share capital

2

2

Retained earnings

145,596

124,339

Shareholders' funds

 

145,598

124,341

 

Chinnerys Limited

trading as Chinnerys

(Registration number: 05722893)
Balance Sheet as at 31 March 2024

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 29 August 2024 and signed on its behalf by:
 

.........................................
Mr S N Patterson
Director

.........................................
Mr G J Morgan
Company secretary and director

 

Chinnerys Limited

trading as Chinnerys

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

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
21 Marine Parade
Southend-On-Sea
SS1 2EJ
England

These financial statements were authorised for issue by the Board on 29 August 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Chinnerys Limited

trading as Chinnerys

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

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

15% Straight line

Fixtures and fittings

15% Straight line

Intangible assets

Separately acquired trademarks and licences are shown at historical cost.

Trademarks, licences (including software) and customer-related intangible assets acquired in a business
combination are recognised at fair value at the acquisition date.

Trademarks, licences and customer-related intangible assets have a finite useful life and are carried at cost less
accumulated amortisation and any accumulated impairment losses.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

 

Chinnerys Limited

trading as Chinnerys

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

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 12 (2023 - 12).

 

Chinnerys Limited

trading as Chinnerys

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

4

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 April 2023

11,765

11,765

At 31 March 2024

11,765

11,765

Amortisation

Carrying amount

At 31 March 2024

11,765

11,765

At 31 March 2023

11,765

11,765

5

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 April 2023

36,966

36,966

Additions

8,772

8,772

At 31 March 2024

45,738

45,738

Depreciation

At 1 April 2023

31,799

31,799

Charge for the year

2,341

2,341

At 31 March 2024

34,140

34,140

Carrying amount

At 31 March 2024

11,598

11,598

At 31 March 2023

5,167

5,167

6

Stocks

2024
£

2023
£

Finished goods and goods for resale

22,486

17,541

 

Chinnerys Limited

trading as Chinnerys

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

7

Debtors

Current

2024
£

2023
£

Prepayments

12,560

10,983

Other debtors

27,935

861

 

40,495

11,844

8

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

37,123

14,197

Taxation and social security

28,005

16,244

Accruals and deferred income

2,328

4,784

Other creditors

4,698

4,065

72,154

39,290