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Registered number: 09986078
Chair Rentals (Norwich) Ltd
Unaudited Financial Statements
For The Year Ended 29 February 2024
GLX Advisory Limited
Chartered Accountants
69-75 Thorpe Road
Norwich
NR1 1UA
Contents
Page
Company Information 1
Balance Sheet 2—3
Notes to the Financial Statements 4—6
Page 1
Company Information
Director Mrs J Winzor-Saile
Company Number 09986078
Registered Office 2 Orford Street
Norwich
NR1 3LE
Accountants GLX Advisory Limited
Chartered Accountants
69-75 Thorpe Road
Norwich
NR1 1UA
Page 1
Page 2
Balance Sheet
Registered number: 09986078
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 5,156 6,445
5,156 6,445
CURRENT ASSETS
Stocks 5 3,000 7,000
Debtors 6 14,525 14,025
Cash at bank and in hand 3,846 7,820
21,371 28,845
Creditors: Amounts Falling Due Within One Year 7 (19,273 ) (23,992 )
NET CURRENT ASSETS (LIABILITIES) 2,098 4,853
TOTAL ASSETS LESS CURRENT LIABILITIES 7,254 11,298
Creditors: Amounts Falling Due After More Than One Year 8 (27,694 ) (28,270 )
NET LIABILITIES (20,440 ) (16,972 )
CAPITAL AND RESERVES
Called up share capital 9 2 2
Profit and Loss Account (20,442 ) (16,974 )
SHAREHOLDERS' FUNDS (20,440) (16,972)
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For the year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs J Winzor-Saile
Director
16/10/2024
The notes on pages 4 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Chair Rentals (Norwich) Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09986078 . The registered office is 2 Orford Street, Norwich, NR1 3LE.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 20% Reducing Balance
Fixtures & Fittings 20% Reducing Balance
Computer Equipment 20% Reducing Balance
2.4. Stocks and Work in Progress
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 stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 4)
2 4
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4. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 March 2023 1,456 7,333 472 9,261
As at 29 February 2024 1,456 7,333 472 9,261
Depreciation
As at 1 March 2023 524 2,254 38 2,816
Provided during the period 186 1,016 87 1,289
As at 29 February 2024 710 3,270 125 4,105
Net Book Value
As at 29 February 2024 746 4,063 347 5,156
As at 1 March 2023 932 5,079 434 6,445
5. Stocks
2024 2023
£ £
Materials 3,000 7,000
6. Debtors
2024 2023
£ £
Due within one year
Other debtors 14,525 14,025
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts 9,533 9,806
Other creditors 5,354 11,538
Taxation and social security 4,386 2,648
19,273 23,992
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 27,694 28,270
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9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors: £9,864 (2023: £9,364).
The above loan is unsecured, interest free and repayable on demand.
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