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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
Page
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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
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CHESTERFIELDS DIRECT (UK) LTD Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
68,363 
53,496 
Current assets
Inventories
14,601 
23,324 
Debtors
2,745 
8,180 
Cash at bank and in hand
317,338 
458,726 
334,684 
490,230 
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 
Capital and reserves
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
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CHESTERFIELDS DIRECT (UK) LTD Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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
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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 
Depreciation
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 
Net book value
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 
5
Inventories
2024 
2023 
£ 
£ 
Finished goods
14,601 
23,324 
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.
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
2,596 
903 
Trade debtors
- 
5,260 
Accrued income and prepayments
- 
2,127 
Other debtors
149 
(110)
2,745 
8,180 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
7,420 
8,635 
Trade creditors
3,212 
856 
Taxes and social security
19,663 
18,262 
Other creditors
17,425 
13,431 
Accruals
4,436 
2,443 
52,156 
43,627 
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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 
£ 
£ 
Other creditors
- 
139 
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.
10
Pension commitments
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).
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