Company registration number 06832755 (England and Wales)
CHANTELLE LIGHTING (EUROPE) LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 23 AUGUST 2024
PAGES FOR FILING WITH REGISTRAR
CHANTELLE LIGHTING (EUROPE) LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
CHANTELLE LIGHTING (EUROPE) LIMITED
BALANCE SHEET
AS AT
23 AUGUST 2024
23 August 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
105,562
121,098
Current assets
Stocks
300,171
201,081
Debtors
4
480,630
296,016
Cash at bank and in hand
52,459
74,740
833,260
571,837
Creditors: amounts falling due within one year
5
(807,213)
(565,030)
Net current assets
26,047
6,807
Total assets less current liabilities
131,609
127,905
Creditors: amounts falling due after more than one year
6
(54,469)
(67,186)
Net assets
77,140
60,719
Capital and reserves
Called up share capital
7
280
280
Profit and loss reserves
76,860
60,439
Total equity
77,140
60,719

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial period ended 23 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

T he members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

CHANTELLE LIGHTING (EUROPE) LIMITED
BALANCE SHEET (CONTINUED)
AS AT
23 AUGUST 2024
23 August 2024
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 21 November 2025 and are signed on its behalf by:
A M Holly
Director
Company registration number 06832755 (England and Wales)
CHANTELLE LIGHTING (EUROPE) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 23 AUGUST 2024
- 3 -
1
Accounting policies
Company information

Chantelle Lighting (Europe) Limited is a private company limited by shares incorporated in England and Wales. The registered office is Unit 36, Lomeshaye Business Village, Nelson, Lancashire, BB9 7DR.

1.1
Reporting period

The financial statements have been prepared for the period ended 2 3 August 2024. The comparative figures are for the eighteen month period to 25 August 2023.

1.2
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

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

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.3
Going concern

The directors are not aware of any material uncertainties affecting the company and consider that the company will have sufficient resources to continue trading for the foreseeable future. As a result the directors have continued to adopt the going concern basis in preparing the financial statements.

1.4
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts.

1.5
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost of assets less their residual values over their useful lives on the following bases:

Plant and equipment
15% reducing balance
Computers
20% straight line
Motor vehicles
25% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.6
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell, after making due allowance for slow-moving and obsolete items.

1.7
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

CHANTELLE LIGHTING (EUROPE) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 23 AUGUST 2024
1
Accounting policies
(Continued)
- 4 -
1.8
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

1.9
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.10
Taxation

The tax expense represents the sum of the tax currently payable.

Current tax

The tax currently payable is based on taxable profit for the period. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

1.11
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

1.12
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.13
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

2
Employees

The average monthly number of persons (including directors) employed by the company during the period was:

2024
2023
Number
Number
Total
18
20
CHANTELLE LIGHTING (EUROPE) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 23 AUGUST 2024
- 5 -
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 26 August 2023
171,919
Additions
10,724
At 23 August 2024
182,643
Depreciation and impairment
At 26 August 2023
50,821
Depreciation charged in the period
26,260
At 23 August 2024
77,081
Carrying amount
At 23 August 2024
105,562
At 25 August 2023
121,098

Included within tangible fixed assets are assets held under finance leases or hire purchase contracts, as follows:

2024
2023
£
£
Motor vehicles
54,419
72,558
54,419
72,558
Depreciation charge for the period in respect of leased assets
18,140
32,432
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
189,254
96,780
Amounts owed by group undertakings
59,783
57,553
Other debtors
231,593
141,683
480,630
296,016

During the period the company operated a loan account with a director. At the balance sheet date an amount of £20,423 was owed to the company (20 23 - £34,187). The loan is unsecured and interest has been charged at 2.25%.

CHANTELLE LIGHTING (EUROPE) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 23 AUGUST 2024
- 6 -
5
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
256,915
219,084
Taxation and social security
64,048
31,998
Other creditors
486,250
313,948
807,213
565,030

Included within other creditors are net obligations of £12,717 (2023 - £12,717) due under hire purchase contracts which are secured by fixed charges on the assets concerned.

6
Creditors: amounts falling due after more than one year
2024
2023
£
£
Other creditors
54,469
67,186

Ot her creditors represent net obligations of £54,469 (2023 - £67,186) due under hire purchase contracts which are secured by fixed charges on the assets concerned

7
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
280
280
280
280
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