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REGISTERED NUMBER: 06498433 (England and Wales)




















Unaudited Financial Statements

for the Year Ended 31 January 2024

for

Chelsea Hire Complete Event Hire
Solutions Limited

Chelsea Hire Complete Event Hire
Solutions Limited (Registered number: 06498433)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Chelsea Hire Complete Event Hire
Solutions Limited

Company Information
for the Year Ended 31 January 2024







DIRECTORS: Mr C Newman
Mr C J Newman





SECRETARY: Mr C J Newman





REGISTERED OFFICE: Next to Unit 1
Rothersthorpe Avenue Industrial Estate
Northampton
Northamptonshire
NN4 8JH





REGISTERED NUMBER: 06498433 (England and Wales)





ACCOUNTANTS: Clifford Roberts
63 Broad Green
Wellingborough
Northamptonshire
NN8 4LQ

Chelsea Hire Complete Event Hire
Solutions Limited (Registered number: 06498433)

Balance Sheet
31 January 2024

2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 756,205 673,456
Investment property 6 272,281 272,281
1,028,486 945,737

CURRENT ASSETS
Stocks 9,756 9,500
Debtors 7 220,434 180,584
Cash at bank and in hand 972,501 823,557
1,202,691 1,013,641
CREDITORS
Amounts falling due within one year 8 275,720 243,574
NET CURRENT ASSETS 926,971 770,067
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,955,457

1,715,804

CREDITORS
Amounts falling due after more than one
year

9

(10,000

)

(20,000

)

PROVISIONS FOR LIABILITIES (58,405 ) (37,718 )
NET ASSETS 1,887,052 1,658,086

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 1,886,952 1,657,986
SHAREHOLDERS' FUNDS 1,887,052 1,658,086

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Chelsea Hire Complete Event Hire
Solutions Limited (Registered number: 06498433)

Balance Sheet - continued
31 January 2024


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 Board of Directors and authorised for issue on 22 October 2024 and were signed on its behalf by:





Mr C J Newman - Director


Chelsea Hire Complete Event Hire
Solutions Limited (Registered number: 06498433)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Chelsea Hire Complete Event Hire Solutions 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.

Revenue
Turnover represents net invoices sale of goods and services, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of five 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.
Plant and machinery etc - 33% on cost, 25% on cost and 20% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 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.

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 Hire Complete Event Hire
Solutions Limited (Registered number: 06498433)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

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 19 (2023 - 19 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£
COST
At 1 February 2023
and 31 January 2024 195,000
AMORTISATION
At 1 February 2023
and 31 January 2024 195,000
NET BOOK VALUE
At 31 January 2024 -
At 31 January 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£ £ £
COST
At 1 February 2023 552,472 654,050 1,206,522
Additions - 232,088 232,088
Disposals - (125,174 ) (125,174 )
At 31 January 2024 552,472 760,964 1,313,436
DEPRECIATION
At 1 February 2023 29,888 503,178 533,066
Charge for year - 132,288 132,288
Eliminated on disposal - (108,123 ) (108,123 )
At 31 January 2024 29,888 527,343 557,231
NET BOOK VALUE
At 31 January 2024 522,584 233,621 756,205
At 31 January 2023 522,584 150,872 673,456

Chelsea Hire Complete Event Hire
Solutions Limited (Registered number: 06498433)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

6. INVESTMENT PROPERTY
Total
£
FAIR VALUE
At 1 February 2023
and 31 January 2024 272,281
NET BOOK VALUE
At 31 January 2024 272,281
At 31 January 2023 272,281

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 189,301 173,278
Other debtors 31,133 7,306
220,434 180,584

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Bank loans and overdrafts 10,000 10,000
Trade creditors 44,700 7,501
Taxation and social security 128,726 129,285
Other creditors 92,294 96,788
275,720 243,574

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£ £
Other creditors 10,000 20,000

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
100 Ordinary £1 100 100