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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
Page
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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
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Chic Event Hire Limited Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
25,725 
54,463 
Tangible assets
188,254 
112,065 
213,979 
166,528 
Current assets
Debtors
129,021 
170,851 
Cash at bank and in hand
19,091 
52,682 
148,112 
223,533 
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)
Capital and reserves
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
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Chic Event Hire Limited Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
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.
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.
Turnover
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
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Government grants
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.
Pension costs
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.
Going concern
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.
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Chic Event Hire Limited Notes to the Accounts for the year ended 29 February 2024
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 March 2023
287,375 
At 29 February 2024
287,375 
Amortisation
At 1 March 2023
232,912 
Charge for the year
28,738 
At 29 February 2024
261,650 
Net book value
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 
Depreciation
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 
Net book value
At 29 February 2024
53,762 
133,325 
1,167 
188,254 
At 28 February 2023
24,220 
86,129 
1,716 
112,065 
6
Debtors
2024 
2023 
£ 
£ 
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 
129,021 
170,851 
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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 
Other creditors
329 
297 
Loans from directors
36,671 
28,079 
Accruals
20,170 
25,873 
561,571 
615,724 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
30,702 
36,250 
9
Average number of employees
During the year the average number of employees was 9 (2023: 9).
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