Jane Cheel Furniture Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 08695705

Jane Cheel Furniture Limited

Filleted Unaudited Financial Statements

31 December 2024

Jane Cheel Furniture Limited

Statement of Financial Position

31 December 2024

	2024		2023
Note	£	£	£

Fixed assets

Tangible assets	5		158,085	189,954

Current assets

Stocks		41,021	53,457
Debtors	6	60,499	86,282
Cash at bank and in hand		101,042	21,039
		---------	---------
		202,562	160,778

Creditors: amounts falling due within one year	7	457,105		405,205
		---------		---------
Net current liabilities			254,543	244,427
			---------	---------
Total assets less current liabilities			( 96,458)	( 54,473)

Creditors: amounts falling due after more than one year	8	95,710	96,981
		---------	---------
Net liabilities		( 192,168)	( 151,454)
		---------	---------

Capital and reserves

Called up share capital	200	200
Profit and loss account	( 192,368)	( 151,654)
	---------	---------
Shareholders deficit	( 192,168)	( 151,454)
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Jane Cheel Furniture Limited

Statement of Financial Position (continued)

31 December 2024

These financial statements were approved by the board of directors and authorised for issue on 22 September 2025 , and are signed on behalf of the board by:

Ms J Cheel
Director

Company registration number: 08695705

Jane Cheel Furniture Limited

Notes to the Financial Statements

Year ended 31 December 2024

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 5 Minton Place, Victoria Road, Bicester, Oxon, OX26 6QB.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Income tax

The taxation expense represents the aggregate amount of current tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant & Machinery	-	12% reducing balance
Fixtures & Fittings	-	20% straight line
Motor Vehicles	-	25% reducing balance

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 10 (2023: 9 ).

5. Tangible assets

	Plant and machinery	Fixtures and fittings	Motor vehicles	Total
	£	£	£	£
Cost
At 1 January 2024	179,357	170,507	32,478	382,342
Additions	999	150	–	1,149
	---------	---------	--------	---------
At 31 December 2024	180,356	170,657	32,478	383,491
	---------	---------	--------	---------
Depreciation
At 1 January 2024	103,523	60,444	28,421	192,388
Charge for the year	9,982	22,022	1,014	33,018
	---------	---------	--------	---------
At 31 December 2024	113,505	82,466	29,435	225,406
	---------	---------	--------	---------
Carrying amount
At 31 December 2024	66,851	88,191	3,043	158,085
	---------	---------	--------	---------
At 31 December 2023	75,834	110,063	4,057	189,954
	---------	---------	--------	---------

6. Debtors

	2024	2023
	£	£
Trade debtors	50,185	28,458
Other debtors	10,314	57,824
	--------	--------
	60,499	86,282
	--------	--------

7. Creditors: amounts falling due within one year

	2024	2023
	£	£
Bank loans and overdrafts	10,510	10,760
Trade creditors	111,936	30,624
Social security and other taxes	50,481	35,690
Other creditors	284,178	328,131
	---------	---------
	457,105	405,205
	---------	---------

8. Creditors: amounts falling due after more than one year

	2024	2023
	£	£
Bank loans and overdrafts	5,693	15,054
Other creditors	90,017	81,927
	--------	--------
	95,710	96,981
	--------	--------

9. Director's advances, credits and guarantees

During the year the director entered into the following advances and credits with the company:

	2024
	Balance brought forward	Advances/ (credits) to the director	Amounts repaid	Balance outstanding
	£	£	£	£
Ms J Cheel	( 1,185)	38,816	( 41,316)	( 3,685)
	-------	--------	--------	-------

	2023
	Balance brought forward	Advances/ (credits) to the director	Amounts repaid	Balance outstanding
	£	£	£	£
Ms J Cheel	( 63)	–	( 1,122)	( 1,185)
	----	----	-------	-------