IRIS Accounts Production v24.3.2.46 00274554 Board of Directors 23.12.22 25.12.23 25.12.23 false true false false true false Ordinary 1.00000 Deferred ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh002745542022-12-22002745542023-12-25002745542022-12-232023-12-25002745542022-04-27002745542022-04-282022-12-22002745542022-12-2200274554ns15:EnglandWales2022-12-232023-12-2500274554ns14:PoundSterling2022-12-232023-12-2500274554ns10:Director12022-12-232023-12-2500274554ns10:PrivateLimitedCompanyLtd2022-12-232023-12-2500274554ns10:SmallEntities2022-12-232023-12-2500274554ns10:AuditExempt-NoAccountantsReport2022-12-232023-12-2500274554ns10:SmallCompaniesRegimeForAccounts2022-12-232023-12-2500274554ns10:FullAccounts2022-12-232023-12-2500274554ns10:OrdinaryShareClass12022-12-232023-12-2500274554ns10:OrdinaryShareClass22022-12-232023-12-2500274554ns10:Director22022-12-232023-12-2500274554ns10:CompanySecretary12022-12-232023-12-2500274554ns10:RegisteredOffice2022-12-232023-12-2500274554ns5:CurrentFinancialInstruments2023-12-2500274554ns5:CurrentFinancialInstruments2022-12-2200274554ns5:Non-currentFinancialInstruments2023-12-2500274554ns5:Non-currentFinancialInstruments2022-12-2200274554ns5:ShareCapital2023-12-2500274554ns5:ShareCapital2022-12-2200274554ns5:RetainedEarningsAccumulatedLosses2023-12-2500274554ns5:RetainedEarningsAccumulatedLosses2022-12-2200274554ns5:LeaseholdImprovements2022-12-232023-12-2500274554ns5:MotorVehicles2022-12-232023-12-2500274554ns5:LeaseholdImprovements2022-12-2200274554ns5:MotorVehicles2022-12-2200274554ns5:LeaseholdImprovements2023-12-2500274554ns5:MotorVehicles2023-12-2500274554ns5:LeaseholdImprovements2022-12-2200274554ns5:MotorVehicles2022-12-2200274554ns5:WithinOneYearns5:CurrentFinancialInstruments2023-12-2500274554ns5:WithinOneYearns5:CurrentFinancialInstruments2022-12-2200274554ns5:CurrentFinancialInstruments2022-12-232023-12-2500274554ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2023-12-2500274554ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2022-12-2200274554ns5:DeferredTaxation2022-12-2200274554ns5:DeferredTaxation2022-12-232023-12-2500274554ns5:DeferredTaxation2023-12-2500274554ns10:OrdinaryShareClass12023-12-2500274554ns10:OrdinaryShareClass22023-12-2500274554ns5:RetainedEarningsAccumulatedLosses2022-12-2200274554ns5:RetainedEarningsAccumulatedLosses2022-12-232023-12-25
REGISTERED NUMBER: 00274554 (England and Wales)












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: J R C Hamblin
T D Hamblin





SECRETARY: E Reeves





REGISTERED OFFICE: 11-13 Cornfield Road
Eastbourne
East Sussex
BN21 3NA





REGISTERED NUMBER: 00274554 (England and Wales)





ACCOUNTANTS: Peter Hodgson & Co.
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 4 461,084 467,941

CURRENT ASSETS
Inventories 5 288,805 260,587
Debtors 6 13,690 34,427
Cash at bank and in hand 15,240 325,111
317,735 620,125
CREDITORS
Amounts falling due within one year 7 1,178,559 830,311
NET CURRENT LIABILITIES (860,824 ) (210,186 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(399,740

)

257,755

CREDITORS
Amounts falling due after more than one
year

8

(530,531

)

(104,497

)

PROVISIONS FOR LIABILITIES 9 (46,132 ) (43,031 )
NET (LIABILITIES)/ASSETS (976,403 ) 110,227

CAPITAL AND RESERVES
Issued share capital 10 45,000 45,000
Retained earnings 11 (1,021,403 ) 65,227
SHAREHOLDERS' FUNDS (976,403 ) 110,227

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 25 December 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 25 December 2023 in accordance with Section 476 of the Companies Act 2006.

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 have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 January 2025 and were signed on its behalf by:





J R C Hamblin - Director


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 private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Shop refurbishments - 10% on cost
Motor vehicles - 20% on cost

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 76 (2022 - 125 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Shop Motor
refurbishments vehicles Totals
£    £    £   
COST
At 23 December 2022 661,517 181,510 843,027
Additions 83,667 - 83,667
Disposals - (17,728 ) (17,728 )
At 25 December 2023 745,184 163,782 908,966
DEPRECIATION
At 23 December 2022 265,583 109,503 375,086
Charge for period 74,484 13,991 88,475
Eliminated on disposal - (15,679 ) (15,679 )
At 25 December 2023 340,067 107,815 447,882
NET BOOK VALUE
At 25 December 2023 405,117 55,967 461,084
At 22 December 2022 395,934 72,007 467,941

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 288,805 260,587

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 13,690 -
13,690 34,427

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 35,445 75,000
Hire purchase contracts 17,592 22,171
Trade creditors 489,895 276,292
Social security and other taxes 152,400 297,288
Accruals and deferred income 483,227 159,560
1,178,559 830,311

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 - 51,631
Hire purchase contracts 17,546 34,301
Directors' & other loans 512,985 18,565
530,531 104,497

9. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 46,132 43,031

Deferred
tax
£   
Balance at 23 December 2022 43,031
Charge to Income Statement during period 3,101
Balance at 25 December 2023 46,132

10. ISSUED SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
10,000 Ordinary £1 35,000 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 65,227
Deficit for the period (149,652 )
Other reserve adjustments (936,978 )
At 25 December 2023 (1,021,403 )