REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Period |
23 December 2022 to 25 December 2023 |
for |
C.& H.Fabrics Limited |
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Period |
23 December 2022 to 25 December 2023 |
for |
C.& H.Fabrics Limited |
C.& H.Fabrics Limited (Registered number: 00274554) |
Contents of the Financial Statements |
for the Period 23 December 2022 to 25 December 2023 |
Page |
Company Information | 1 |
Statement of Financial Position | 2 |
Notes to the Financial Statements | 4 |
C.& H.Fabrics Limited |
Company Information |
for the Period 23 December 2022 to 25 December 2023 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
Shadwell House |
65 Lower Green Road |
Tunbridge Wells |
Kent |
TN4 8TW |
C.& H.Fabrics Limited (Registered number: 00274554) |
Statement of Financial Position |
25 December 2023 |
2023 | 2022 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Property, plant and equipment | 4 |
CURRENT ASSETS |
Inventories | 5 |
Debtors | 6 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
CREDITORS |
Amounts falling due after more than one year |
8 |
( |
) |
( |
) |
PROVISIONS FOR LIABILITIES | 9 | ( |
) | ( |
) |
NET (LIABILITIES)/ASSETS | ( |
) |
CAPITAL AND RESERVES |
Issued share capital | 10 |
Retained earnings | 11 | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) |
The directors acknowledge their responsibilities for: |
(a) | ensuring that the company keeps 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 Sections 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. |
C.& H.Fabrics Limited (Registered number: 00274554) |
Statement of Financial Position - continued |
25 December 2023 |
The financial statements were approved by the Board of Directors and authorised for issue on |
C.& H.Fabrics Limited (Registered number: 00274554) |
Notes to the Financial Statements |
for the Period 23 December 2022 to 25 December 2023 |
1. | STATUTORY INFORMATION |
C.& H.Fabrics Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Significant judgements and estimates |
The book value of fixed assets are a significant estimate included in these accounts. They are stated at historic cost less accumulated depreciation and provision for impairment, if applicable. |
Changes in accounting policies |
There were no changes in the accounting policies adopted by the company in preparing these accounts. |
Turnover |
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Tangible fixed assets |
Shop refurbishments | - |
Motor vehicles | - |
Stocks |
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
Financial instruments |
Basic financial instruments comprising debtors, bank and cash balances are stated at fair value. |
Taxation |
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
Current or deferred taxation assets and liabilities are not discounted. |
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date. |
Deferred tax |
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 period 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. |
C.& H.Fabrics Limited (Registered number: 00274554) |
Notes to the Financial Statements - continued |
for the Period 23 December 2022 to 25 December 2023 |
2. | ACCOUNTING POLICIES - continued |
Hire purchase and leasing commitments |
Rentals payable under operating leases are charged on a straight line basis over the term of the lease. |
Incentive benefits received and receivable under operating leases are recognised on a straight line basis until the next rent review date. |
Pension costs and other post-retirement benefits |
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. |
Going concern |
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The directors continue to adopt the going concern basis of accounting in preparing the financial statements. |
Functional currency |
The functional currency of the company is £ Sterling. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was |
4. | PROPERTY, PLANT AND EQUIPMENT |
Shop | Motor |
refurbishments | vehicles | Totals |
£ | £ | £ |
COST |
At 23 December 2022 |
Additions |
Disposals | ( |
) | ( |
) |
At 25 December 2023 |
DEPRECIATION |
At 23 December 2022 |
Charge for period |
Eliminated on disposal | ( |
) | ( |
) |
At 25 December 2023 |
NET BOOK VALUE |
At 25 December 2023 |
At 22 December 2022 |
Included in fixed assets are motor vehicles which are financed under hire purchase contracts. The net book value of these assets at the period end was £64,046 and the hire purchase finance outstanding at that date was £56,472. |
5. | INVENTORIES |
2023 | 2022 |
£ | £ |
Stocks - retail |
C.& H.Fabrics Limited (Registered number: 00274554) |
Notes to the Financial Statements - continued |
for the Period 23 December 2022 to 25 December 2023 |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Due by group companies | - | 34,427 |
Other debtors |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Bank loans and overdrafts |
Hire purchase contracts |
Trade creditors |
Social security and other taxes |
Accruals and deferred income |
Bank borrowings are secured by a fixed and floating charge over all the company's assets. |
8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2023 | 2022 |
£ | £ |
Bank loans & overdrafts |
Hire purchase contracts |
Directors' & other loans | 512,985 | 18,565 |
9. | PROVISIONS FOR LIABILITIES |
2023 | 2022 |
£ | £ |
Deferred tax | 46,132 | 43,031 |
Deferred |
tax |
£ |
Balance at 23 December 2022 |
Charge to Income Statement during period |
Balance at 25 December 2023 |
10. | ISSUED SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2023 | 2022 |
value: | £ | £ |
Ordinary | £1 | 35,000 | 35,000 |
Deferred ordinary | £1 | 10,000 | 10,000 |
45,000 | 45,000 |
C.& H.Fabrics Limited (Registered number: 00274554) |
Notes to the Financial Statements - continued |
for the Period 23 December 2022 to 25 December 2023 |
11. | RESERVES |
Retained |
earnings |
£ |
At 23 December 2022 |
Deficit for the period | ( |
) |
Other reserve adjustments | (936,978 | ) |
At 25 December 2023 | ( |
) |