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REGISTERED NUMBER: 11749709 (England and Wales)




UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

CHEAL'S OF KNOWLE LTD

CHEAL'S OF KNOWLE LTD (REGISTERED NUMBER: 11749709)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CHEAL'S OF KNOWLE LTD

COMPANY INFORMATION
for the year ended 30 September 2024







DIRECTORS: J T Kelly
M A Cheal





REGISTERED OFFICE: 1630 High Street
Knowle
Solihull
West Midlands
B93 0JU





REGISTERED NUMBER: 11749709 (England and Wales)





ACCOUNTANTS: LDP Luckmans
1110 Elliott Court
Coventry Business Park
Herald Avenue
Coventry
West Midlands
CV5 6UB

CHEAL'S OF KNOWLE LTD (REGISTERED NUMBER: 11749709)

BALANCE SHEET
30 September 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 575,852 670,802

CURRENT ASSETS
Stocks 44,936 43,081
Debtors 5 19,970 26,398
Cash at bank and in hand 52,986 36,683
117,892 106,162
CREDITORS
Amounts falling due within one year 6 147,654 151,679
NET CURRENT LIABILITIES (29,762 ) (45,517 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

546,090

625,285

CREDITORS
Amounts falling due after more than one
year

7

(2,004,881

)

(1,900,881

)

PROVISIONS FOR LIABILITIES (13,149 ) (31,204 )
NET LIABILITIES (1,471,940 ) (1,306,800 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (1,472,040 ) (1,306,900 )
(1,471,940 ) (1,306,800 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

CHEAL'S OF KNOWLE LTD (REGISTERED NUMBER: 11749709)

BALANCE SHEET - continued
30 September 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 June 2025 and were signed on its behalf by:





J T Kelly - Director


CHEAL'S OF KNOWLE LTD (REGISTERED NUMBER: 11749709)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 30 September 2024

1. STATUTORY INFORMATION

Cheal's of Knowle Ltd 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.

The financial statements have been prepared on the going concern basis due to the ongoing financial support of the directors.

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.
Improvements to property - 3 to 15 years straight line
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on cost

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 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.

CHEAL'S OF KNOWLE LTD (REGISTERED NUMBER: 11749709)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 September 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 44 (2023 - 40 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 October 2023 715,379 72,212 286,187 4,396 1,078,174
Disposals - (12,596 ) (26,746 ) (91 ) (39,433 )
At 30 September 2024 715,379 59,616 259,441 4,305 1,038,741
DEPRECIATION
At 1 October 2023 185,199 44,747 173,285 4,141 407,372
Charge for year 47,692 5,595 25,425 188 78,900
Eliminated on disposal - (7,510 ) (15,832 ) (41 ) (23,383 )
At 30 September 2024 232,891 42,832 182,878 4,288 462,889
NET BOOK VALUE
At 30 September 2024 482,488 16,784 76,563 17 575,852
At 30 September 2023 530,180 27,465 112,902 255 670,802

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 3,677 18,791
Prepayments 16,293 7,607
19,970 26,398

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 34,486 30,597
Social security and other taxes 48,983 55,438
Other creditors 54,887 50,599
Directors' current accounts 2,389 1,871
Accrued expenses 6,909 13,174
147,654 151,679

CHEAL'S OF KNOWLE LTD (REGISTERED NUMBER: 11749709)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 September 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Amounts owed to group undertakings 2,004,881 1,900,881