Company Registration No. 05645515 (England and Wales)
CHESTERFIELDS DIRECT (UK) LTD
Unaudited accounts
for the year ended 31 March 2024
CHESTERFIELDS DIRECT (UK) LTD
Unaudited accounts
Contents
CHESTERFIELDS DIRECT (UK) LTD
Company Information
for the year ended 31 March 2024
Director
Michael Jonathon Lester
Secretary
Sharon Louise Lester
Company Number
05645515 (England and Wales)
Registered Office
UNIT 1 BROOKSIDE MILL
NORTH STREET
WHITWORTH
OL12 8RE
UNITED KINGDOM
CHESTERFIELDS DIRECT (UK) LTD
Statement of financial position
as at 31 March 2024
Tangible assets
68,363
53,496
Cash at bank and in hand
317,338
458,726
Creditors: amounts falling due within one year
(52,156)
(43,627)
Net current assets
282,528
446,603
Total assets less current liabilities
350,891
500,099
Creditors: amounts falling due after more than one year
-
(139)
Net assets
350,891
499,960
Called up share capital
2
2
Profit and loss account
350,889
499,958
Shareholders' funds
350,891
499,960
For the 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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 30 October 2024 and were signed on its behalf by
Michael Jonathon Lester
Director
Company Registration No. 05645515
CHESTERFIELDS DIRECT (UK) LTD
Notes to the Accounts
for the year ended 31 March 2024
CHESTERFIELDS DIRECT (UK) LTD is a private company, limited by shares, registered in England and Wales, registration number 05645515. The registered office is UNIT 1 BROOKSIDE MILL, NORTH STREET, WHITWORTH, OL12 8RE, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its
estimated useful life.
Plant & machinery
15% on reducing balance
Motor vehicles
25% on reducing balance
Fixtures & fittings
15% on reducing balance
Computer equipment
15% on reducing balance
CHESTERFIELDS DIRECT (UK) LTD
Notes to the Accounts
for the year ended 31 March 2024
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 April 2023
818
103,657
3,212
6,393
114,080
Additions
-
56,700
-
-
56,700
Disposals
-
(19,700)
-
-
(19,700)
At 31 March 2024
818
140,657
3,212
6,393
151,080
At 1 April 2023
382
55,065
792
4,345
60,584
Charge for the year
65
21,398
363
307
22,133
At 31 March 2024
447
76,463
1,155
4,652
82,717
At 31 March 2024
371
64,194
2,057
1,741
68,363
At 31 March 2023
436
48,592
2,420
2,048
53,496
Finished goods
14,601
23,324
Inventories are valued at the lower of cost and net realisable value, after making due
allowance for obsolete and slow moving items.
Amounts falling due within one year
Accrued income and prepayments
-
2,127
7
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
19,663
18,262
Other creditors
17,425
13,431
CHESTERFIELDS DIRECT (UK) LTD
Notes to the Accounts
for the year ended 31 March 2024
8
Creditors: amounts falling due after more than one year
2024
2023
Deferred tax is recognised in respect of all timing differences that have originated but not
reversed at the statement of financial position 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.
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.
11
Average number of employees
During the year the average number of employees was 4 (2023: 4).