2023-04-01 04043017 2024-03-31 04043017 2023-04-01 2024-03-31 04043017 2023-03-31 04043017 2022-04-01 2023-03-31 04043017 uk-core:WithinOneYear 2023-03-31 04043017 uk-core:WithinOneYear 2024-03-31 04043017 uk-core:AfterOneYear 2023-03-31 04043017 uk-core:AfterOneYear 2024-03-31 04043017 uk-core:ShareCapital 2024-03-31 04043017 uk-core:ShareCapital 2023-03-31 04043017 uk-core:RetainedEarningsAccumulatedLosses 2024-03-31 04043017 uk-core:RetainedEarningsAccumulatedLosses 2023-03-31 04043017 uk-bus:Director1 2023-04-01 2024-03-31 04043017 uk-core:Buildings 2023-04-01 2024-03-31 04043017 uk-core:ToolsEquipment 2023-04-01 2024-03-31 04043017 uk-core:MotorVehicles 2023-04-01 2024-03-31 04043017 uk-core:FurnitureFittings 2023-04-01 2024-03-31 04043017 uk-core:ToolsEquipment 2023-03-31 04043017 uk-core:FurnitureFittings 2023-03-31 04043017 uk-core:MotorVehicles 2023-03-31 04043017 uk-core:Buildings 2023-03-31 04043017 uk-core:MotorVehicles 2024-03-31 04043017 uk-core:FurnitureFittings 2024-03-31 04043017 uk-core:ToolsEquipment 2024-03-31 04043017 uk-core:Buildings 2024-03-31 04043017 uk-core:WithinOneYear 2024-03-31 04043017 uk-core:WithinOneYear 2023-03-31 04043017 uk-core:AfterOneYear uk-core:Secured 2024-03-31 04043017 uk-core:AfterOneYear uk-core:Secured 2023-03-31 iso4217:GBP xbrli:pure 04043017 uk-bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 04043017 uk-bus:FRS102 2023-04-01 2024-03-31 04043017 uk-bus:FilletedAccounts 2023-04-01 2024-03-31 04043017 uk-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31
Chancepride Limited
Registered Number:04043017
For the year ended 31 March 2024
England and Wales
Unaudited Financial Statements
2
For the year ended 31 March 2024
Chancepride Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
Registered Number :
04043017
As at 31 March 2024
Chancepride Limited
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
37,652
44,107
2
37,652
44,107
Current assets
Inventories
95,431
127,643
3
Trade and other receivables
10,832
5,548
4
17,881
Cash and cash equivalents
14,000
147,191
124,144
Trade and other payables: amounts falling due within one year
(86,869)
(126,473)
5
37,275
20,718
Net current assets
Total assets less current liabilities
58,370
81,382
Trade and other payables: amounts falling due after more than one year
(26,667)
(16,667)
6
41,703
Net assets
54,715
Capital and reserves
Called up share capital
20,000
20,000
Retained earnings
21,703
34,715
41,703
54,715
Shareholders' funds
For the year ended 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 of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section 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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Jason Alan Jones Director
These financial statements were approved and authorised for issue by the Board on 09 January 2025 and were signed by:
The notes form part of these financial statements
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4
For the year ended 31 March 2024
Chancepride Limited
Notes to the Financial Statements
Statutory Information
Chancepride Limited is a private limited company, limited by shares, domiciled in England and Wales, registration number 04043017.
Principal place of business:
T/A United Carpets & Beds
96-98 Boothferry Road
Hull
HU4 6ER
Registered address:
C/O Johnson Walker
Horizon House
2 Whiting Street
Sheffield
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting Standard 102 'The
Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have
been prepared under the historical costs convention as modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Land and buildings
10% Straight line
20% Straight line
Computer equipment
25% Straight line
Motor vehicles
10% Straight line
Fixtures and fittings
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
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5
For the year ended 31 March 2024
Chancepride Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Computer
equipment
Fixtures and fittings
Motor vehicles
Land and buildings
£
£
£
£
£
Cost or valuation
At 01 April 2023
106,537
2,787
70,671
15,470
17,609
2,750
-
-
2,750
-
Additions
At 31 March 2024
18,220
70,671
2,787
109,287
17,609
Provision for depreciation and impairment
At 01 April 2023
62,430
2,045
38,443
6,099
15,843
Charge for year
9,205
234
3,777
4,404
790
At 31 March 2024
71,635
2,279
42,220
10,503
16,633
At 31 March 2024
Net book value
976
7,717
28,451
508
37,652
At 31 March 2023
1,766
9,371
32,228
742
44,107
3. Inventories
2023
2024
£
£
Stocks
127,643
95,431
4. Trade and other receivables
2023
2024
£
£
Other debtors
5,548
10,832
5. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Bank loans and overdraft
10,000
10,000
Trade creditors
59,263
52,095
Taxation and social security
43,364
6,427
Other creditors
13,846
18,347
126,473
86,869
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6
For the year ended 31 March 2024
Chancepride Limited
Notes to the Financial Statements Continued
6. Trade and other payables: amounts falling due after more than one year
2023
2024
£
£
Bank loans and overdraft
16,667
26,667
7. Average number of persons employed
During the year the average number of employees was 5 (2023 : 6)
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