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REGISTERED NUMBER: 12582656 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

FOR

CHESSWORTH LIMITED

CHESSWORTH LIMITED (REGISTERED NUMBER: 12582656)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


CHESSWORTH LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTOR: Mr C J Mee





REGISTERED OFFICE: 64 Nile Street
London
N1 7SR





REGISTERED NUMBER: 12582656 (England and Wales)





ACCOUNTANTS: Acuity Professional Partnership LLP
Unit 2.02 High Weald House
Glovers End
Bexhill
East Sussex
TN39 5ES

CHESSWORTH LIMITED (REGISTERED NUMBER: 12582656)

STATEMENT OF FINANCIAL POSITION
31 MAY 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 3,000 3,500
Tangible assets 5 3,823 4,177
6,823 7,677

CURRENT ASSETS
Stocks 127,492 108,527
Debtors 6 19,511 30,188
Cash at bank 11,465 1,963
158,468 140,678
CREDITORS
Amounts falling due within one year 7 91,609 101,169
NET CURRENT ASSETS 66,859 39,509
TOTAL ASSETS LESS CURRENT
LIABILITIES

73,682

47,186

CREDITORS
Amounts falling due after more than one
year

8

148,981

126,601
NET LIABILITIES (75,299 ) (79,415 )

CAPITAL AND RESERVES
Called up share capital 9 10 10
Retained earnings (75,309 ) (79,425 )
SHAREHOLDERS' FUNDS (75,299 ) (79,415 )

CHESSWORTH LIMITED (REGISTERED NUMBER: 12582656)

STATEMENT OF FINANCIAL POSITION - continued
31 MAY 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 January 2025 and were signed by:





Mr C J Mee - Director


CHESSWORTH LIMITED (REGISTERED NUMBER: 12582656)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024


1. STATUTORY INFORMATION

Chessworth 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.

TURNOVER
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

INTANGIBLE ASSETS
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of nil years.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

STOCKS
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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
The financial statements have been prepared on the going concern basis based on the continued support of the company's creditors which, in the opinion of the directors, the company has for the foreseeable future.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 2 ) .

CHESSWORTH LIMITED (REGISTERED NUMBER: 12582656)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


4. INTANGIBLE FIXED ASSETS
Developmen
costs
£   
Cost
At 1 June 2023
and 31 May 2024 5,000
Amortisation
At 1 June 2023 1,500
Amortisation for year 500
At 31 May 2024 2,000
Net book value
At 31 May 2024 3,000
At 31 May 2023 3,500

5. TANGIBLE FIXED ASSETS
Freehold Plant and Computer
property machinery equipment Totals
£    £    £    £   
Cost
At 1 June 2023 3,511 1,220 1,385 6,116
Additions - 530 - 530
At 31 May 2024 3,511 1,750 1,385 6,646
Depreciation
At 1 June 2023 708 707 524 1,939
Charge for year 354 315 215 884
At 31 May 2024 1,062 1,022 739 2,823
Net book value
At 31 May 2024 2,449 728 646 3,823
At 31 May 2023 2,803 513 861 4,177

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 8,763 6,751
Other debtors 10,748 23,437
19,511 30,188

CHESSWORTH LIMITED (REGISTERED NUMBER: 12582656)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans and overdrafts - 6,764
Trade creditors 50,297 53,303
Taxation and social security 18,286 19,786
Other creditors 23,026 21,316
91,609 101,169

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.24 31.5.23
£    £   
Other creditors 148,981 126,601

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.24 31.5.23
value: £    £   
10 Ordinary Shares £1 10 10