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REGISTERED NUMBER: 03595230 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2024

for

CHARNIC INTERIORS LIMITED

CHARNIC INTERIORS LIMITED (Registered number: 03595230)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CHARNIC INTERIORS LIMITED

Company Information
for the Year Ended 31 July 2024







DIRECTORS: J A Killick
Mrs J E Adams





SECRETARY: Mrs J E Adams





REGISTERED OFFICE: 1 Squirrels Cottages
Poles Lane
Lymington
Hampshire
SO41 8AD





REGISTERED NUMBER: 03595230 (England and Wales)





ACCOUNTANTS: Richard Baker & Co.
Accountants
The Gatehouse
Wick Drive
New Milton
Hampshire
BH25 6SJ

CHARNIC INTERIORS LIMITED (Registered number: 03595230)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 67,540 65,592

CURRENT ASSETS
Stocks 463,953 315,975
Debtors 5 417,023 232,232
Cash at bank and in hand 418,154 527,694
1,299,130 1,075,901
CREDITORS
Amounts falling due within one year 6 438,017 511,610
NET CURRENT ASSETS 861,113 564,291
TOTAL ASSETS LESS CURRENT
LIABILITIES

928,653

629,883

PROVISIONS FOR LIABILITIES 9,110 12,407
NET ASSETS 919,543 617,476

CAPITAL AND RESERVES
Called up share capital 1,995 1,995
Retained earnings 917,548 615,481
SHAREHOLDERS' FUNDS 919,543 617,476

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 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.

CHARNIC INTERIORS LIMITED (Registered number: 03595230)

Balance Sheet - continued
31 July 2024


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 24 April 2025 and were signed on its behalf by:





J A Killick - Director


CHARNIC INTERIORS LIMITED (Registered number: 03595230)

Notes to the Financial Statements
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

CHARNIC INTERIORS 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Equipment 15%, Office equipment 20%, Motor vehicles 25%, reducing balance basis.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 year 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

CHARNIC INTERIORS LIMITED (Registered number: 03595230)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Office
Plant and equipment Motor
machinery & fixtures vehicles Totals
£    £    £    £   
COST
At 1 August 2023 36,927 102,277 68,268 207,472
Additions 907 2,511 17,238 20,656
Disposals - - (26,369 ) (26,369 )
At 31 July 2024 37,834 104,788 59,137 201,759
DEPRECIATION
At 1 August 2023 20,461 85,216 36,203 141,880
Charge for year 2,538 3,663 10,350 16,551
Eliminated on disposal - - (24,212 ) (24,212 )
At 31 July 2024 22,999 88,879 22,341 134,219
NET BOOK VALUE
At 31 July 2024 14,835 15,909 36,796 67,540
At 31 July 2023 16,466 17,061 32,065 65,592

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors 398,511 198,961
Other debtors 18,512 33,271
417,023 232,232

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Bank loans and overdrafts - 58,887
Trade creditors 141,210 88,375
Taxation and social security 257,194 331,491
Other creditors 39,613 32,857
438,017 511,610