Company Registration No. 09187324 (England and Wales)
Chic Event Hire Limited
Unaudited accounts
for the year ended 29 February 2024
Chic Event Hire Limited
Unaudited accounts
Contents
Chic Event Hire Limited
Company Information
for the year ended 29 February 2024
Directors
N R W Edwards
L A Edwards
Company Number
09187324 (England and Wales)
Registered Office
Redwood
Hillside Drive
Gravesend
Kent
DA12 1NY
Accountants
King & Taylor
123 Cross Lane East
Gravesend
Kent
DA12 5HA
Chic Event Hire Limited
Statement of financial position
as at 29 February 2024
Intangible assets
25,725
54,463
Tangible assets
188,254
112,065
Cash at bank and in hand
19,091
52,682
Creditors: amounts falling due within one year
(561,571)
(615,724)
Net current liabilities
(413,459)
(392,191)
Total assets less current liabilities
(199,480)
(225,663)
Creditors: amounts falling due after more than one year
(30,702)
(36,250)
Net liabilities
(230,182)
(261,913)
Called up share capital
100
100
Profit and loss account
(230,282)
(262,013)
Shareholders' funds
(230,182)
(261,913)
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 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 of Directors and authorised for issue on 29 November 2024 and were signed on its behalf by
N R W Edwards
Director
Company Registration No. 09187324
Chic Event Hire Limited
Notes to the Accounts
for the year ended 29 February 2024
Chic Event Hire Limited is a private company, limited by shares, registered in England and Wales, registration number 09187324. The registered office is Redwood, Hillside Drive, Gravesend, Kent, DA12 1NY.
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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% reducing balance basis
Fixtures & fittings
25% reducing balance basis
Computer equipment
25% reducing balance basis
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
The financial statements have been prepared on a going concern basis as the directors have indicated they will continue to provide finance to meet ongoing costs.
Chic Event Hire Limited
Notes to the Accounts
for the year ended 29 February 2024
4
Intangible fixed assets
Goodwill
At 29 February 2024
287,375
Charge for the year
28,738
At 29 February 2024
261,650
At 29 February 2024
25,725
At 28 February 2023
54,463
5
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 March 2023
51,250
131,143
3,523
185,916
Additions
45,275
80,395
124
125,794
At 29 February 2024
96,525
211,538
3,647
311,710
At 1 March 2023
27,030
45,014
1,807
73,851
Charge for the year
15,733
33,199
673
49,605
At 29 February 2024
42,763
78,213
2,480
123,456
At 29 February 2024
53,762
133,325
1,167
188,254
At 28 February 2023
24,220
86,129
1,716
112,065
Amounts falling due within one year
Trade debtors
104,136
109,015
Amounts due from group undertakings etc.
24,885
47,586
Accrued income and prepayments
-
14,250
Chic Event Hire Limited
Notes to the Accounts
for the year ended 29 February 2024
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
5,000
5,000
Trade creditors
7,047
13,683
Amounts owed to group undertakings and other participating interests
367,311
457,312
Taxes and social security
125,043
85,480
Loans from directors
36,671
28,079
8
Creditors: amounts falling due after more than one year
2024
2023
9
Average number of employees
During the year the average number of employees was 9 (2023: 9).