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REGISTERED NUMBER: 00274554 (England and Wales)












Unaudited Financial Statements

for the Year Ended 25 December 2024

for

C.& H.Fabrics Limited

C.& H.Fabrics Limited (Registered number: 00274554)






Contents of the Financial Statements
for the Year Ended 25 December 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


C.& H.Fabrics Limited

Company Information
for the Year Ended 25 December 2024







DIRECTORS: J R C Hamblin
T D Hamblin





REGISTERED OFFICE: 71/72 North Street
Chichester
West Sussex
PO19 1LP





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 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 370,529 461,084

CURRENT ASSETS
Inventories 5 223,968 288,805
Debtors 6 53,209 13,690
Cash at bank and in hand 20,469 15,240
297,646 317,735
CREDITORS
Amounts falling due within one year 7 901,382 1,178,559
NET CURRENT LIABILITIES (603,736 ) (860,824 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(233,207

)

(399,740

)

CREDITORS
Amounts falling due after more than one
year

8

(653,797

)

(530,531

)

PROVISIONS FOR LIABILITIES 9 (34,576 ) (46,132 )
NET LIABILITIES (921,580 ) (976,403 )

CAPITAL AND RESERVES
Issued share capital 10 45,000 45,000
Retained earnings 11 (966,580 ) (1,021,403 )
SHAREHOLDERS' FUNDS (921,580 ) (976,403 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 25 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 25 December 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.

C.& H.Fabrics Limited (Registered number: 00274554)

Statement of Financial Position - continued
25 December 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 3 July 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 Year Ended 25 December 2024

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 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 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 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.

C.& H.Fabrics Limited (Registered number: 00274554)

Notes to the Financial Statements - continued
for the Year Ended 25 December 2024

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 year was 45 (2023 - 76 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Shop Motor
refurbishments vehicles Totals
£    £    £   
COST
At 26 December 2023 745,184 163,782 908,966
Additions - 7,996 7,996
Disposals - (49,483 ) (49,483 )
At 25 December 2024 745,184 122,295 867,479
DEPRECIATION
At 26 December 2023 340,067 107,815 447,882
Charge for year 74,518 9,983 84,501
Eliminated on disposal - (35,433 ) (35,433 )
At 25 December 2024 414,585 82,365 496,950
NET BOOK VALUE
At 25 December 2024 330,599 39,930 370,529
At 25 December 2023 405,117 55,967 461,084

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 £20,810 and the hire purchase finance outstanding at that date was £10,905.

5. INVENTORIES
2024 2023
£    £   
Stocks - retail 223,968 288,805

C.& H.Fabrics Limited (Registered number: 00274554)

Notes to the Financial Statements - continued
for the Year Ended 25 December 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 53,209 13,690

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 16,903 35,445
Hire purchase contracts 10,905 17,592
Trade creditors 399,828 489,895
VAT & payroll taxes 109,980 152,400
Accruals and deferred income 363,766 483,227
901,382 1,178,559

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
2024 2023
£    £   
Hire purchase contracts - 17,546
Directors' & other loans 653,797 512,985
653,797 530,531

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 34,576 46,132

Deferred
tax
£   
Balance at 26 December 2023 46,132
Provided during year (11,556 )
Balance at 25 December 2024 34,576

10. ISSUED SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
10,000 Ordinary £1 10,000 10,000
35,000 Deferred ordinary £1 35,000 35,000
45,000 45,000

C.& H.Fabrics Limited (Registered number: 00274554)

Notes to the Financial Statements - continued
for the Year Ended 25 December 2024

11. RESERVES
Retained
earnings
£   

At 26 December 2023 (1,021,403 )
Profit for the year 54,823
At 25 December 2024 (966,580 )