IRIS Accounts Production v25.1.3.33 10339492 director 1.9.23 31.8.24 31.8.24 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh103394922023-08-31103394922024-08-31103394922023-09-012024-08-31103394922022-08-31103394922022-09-012023-08-31103394922023-08-3110339492ns15:EnglandWales2023-09-012024-08-3110339492ns14:PoundSterling2023-09-012024-08-3110339492ns10:Director12023-09-012024-08-3110339492ns10:PrivateLimitedCompanyLtd2023-09-012024-08-3110339492ns10:SmallEntities2023-09-012024-08-3110339492ns10:AuditExempt-NoAccountantsReport2023-09-012024-08-3110339492ns10:SmallCompaniesRegimeForDirectorsReport2023-09-012024-08-3110339492ns10:SmallCompaniesRegimeForAccounts2023-09-012024-08-3110339492ns10:FullAccounts2023-09-012024-08-3110339492ns10:OrdinaryShareClass12023-09-012024-08-3110339492ns10:RegisteredOffice2023-09-012024-08-3110339492ns5:CurrentFinancialInstruments2024-08-3110339492ns5:CurrentFinancialInstruments2023-08-3110339492ns5:ShareCapital2024-08-3110339492ns5:ShareCapital2023-08-3110339492ns5:RetainedEarningsAccumulatedLosses2024-08-3110339492ns5:RetainedEarningsAccumulatedLosses2023-08-3110339492ns5:FurnitureFittings2023-09-012024-08-3110339492ns5:MotorVehicles2023-09-012024-08-3110339492ns5:ComputerEquipment2023-09-012024-08-3110339492ns5:FurnitureFittings2023-08-3110339492ns5:MotorVehicles2023-08-3110339492ns5:ComputerEquipment2023-08-3110339492ns5:FurnitureFittings2024-08-3110339492ns5:MotorVehicles2024-08-3110339492ns5:ComputerEquipment2024-08-3110339492ns5:FurnitureFittings2023-08-3110339492ns5:MotorVehicles2023-08-3110339492ns5:ComputerEquipment2023-08-3110339492ns5:DeferredTaxation2023-08-3110339492ns5:DeferredTaxation2023-09-012024-08-3110339492ns5:DeferredTaxation2024-08-3110339492ns10:OrdinaryShareClass12024-08-3110339492ns5:RetainedEarningsAccumulatedLosses2023-08-3110339492ns5:RetainedEarningsAccumulatedLosses2023-09-012024-08-31
REGISTERED NUMBER: 10339492 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

FOR

CHAIRWELL SEATING LIMITED

CHAIRWELL SEATING LIMITED (REGISTERED NUMBER: 10339492)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


CHAIRWELL SEATING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTOR: B Mclaughlin





REGISTERED OFFICE: 91 Percival Road
Hillmorton
Rugby
Warwickshire
CV22 5JX





REGISTERED NUMBER: 10339492 (England and Wales)





ACCOUNTANTS: PWH Accountancy Ltd
The Counting House
High Street
Lutterworth
Leicestershire
LE17 4AY

CHAIRWELL SEATING LIMITED (REGISTERED NUMBER: 10339492)

BALANCE SHEET
31 AUGUST 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 1,839 2,452

CURRENT ASSETS
Debtors 5 21,441 29,883
Cash at bank and in hand 39,746 18,386
61,187 48,269
CREDITORS
Amounts falling due within one year 6 31,084 20,357
NET CURRENT ASSETS 30,103 27,912
TOTAL ASSETS LESS CURRENT
LIABILITIES

31,942

30,364

PROVISIONS FOR LIABILITIES 7 349 466
NET ASSETS 31,593 29,898

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings 9 31,592 29,897
SHAREHOLDERS' FUNDS 31,593 29,898

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 2 June 2025 and were signed by:




B Mclaughlin - Director


CHAIRWELL SEATING LIMITED (REGISTERED NUMBER: 10339492)

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

1. STATUTORY INFORMATION

Chairwell Seating 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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
Revenue recognition
Revenue comprises the fair value of the consideration received or receivable for the rendering of services in the ordinary course of the company's activities. Revenue is shown net of VAT and trade discounts.

The company recognises revenue when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity and specific criteria have been met. The amount of revenue is not considered to be reliably measurable until all contingencies relating to the sale have been resolved. The company bases its estimates on historical results, taking into consideration the type of customer, the type of transaction and the specifics of each arrangement.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Financial instruments
Financial assets
Receivables are stated at amortised cost using the effective interest rate method. A provision for impairment of receivables is established where there is objective evidence that the company will not be able to collect all amounts due according to the original terms of payment. Receivables are considered for impairment on a case by case basis and any provision is based on the directors' assessment of the amount recoverable on each receivable.

Financial liabilities
The company's financial liabilities include trade and other payables, which are measured at amortised cost using the effective interest rate method. Financial liabilities are recognised when the company becomes a party to the contractual agreements of the instrument. Interest-related charges are recognised as an expense in the period in which they are incurred.

Cash and cash equivalents
Cash and cash equivalents includes cash in hand, deposits held at call with banks, other short-term highly liquid investments with original maturities of three months or less, and bank overdrafts.

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.

CHAIRWELL SEATING LIMITED (REGISTERED NUMBER: 10339492)

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

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 September 2023
and 31 August 2024 641 7,272 920 8,833
DEPRECIATION
At 1 September 2023 160 5,301 920 6,381
Charge for year 121 492 - 613
At 31 August 2024 281 5,793 920 6,994
NET BOOK VALUE
At 31 August 2024 360 1,479 - 1,839
At 31 August 2023 481 1,971 - 2,452

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 21,441 29,883

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 18,516 10,564
Tax 4,267 3,984
VAT 5,116 2,439
Directors' current accounts 1,535 195
Accrued expenses 1,650 3,175
31,084 20,357

CHAIRWELL SEATING LIMITED (REGISTERED NUMBER: 10339492)

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

7. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 349 466

Deferred
tax
£   
Balance at 1 September 2023 466
Credit to Income Statement during year (117 )
Balance at 31 August 2024 349

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1 Ordinary 1 1 1

9. RESERVES
Retained
earnings
£   

At 1 September 2023 29,897
Profit for the year 17,695
Dividends (16,000 )
At 31 August 2024 31,592

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is B Mclaughlin.