Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2022-04-01falseNo description of principal activity11falsetrue 10729405 2022-04-01 2023-03-31 10729405 2021-04-01 2022-03-31 10729405 2023-03-31 10729405 2022-03-31 10729405 c:Director1 2022-04-01 2023-03-31 10729405 d:MotorVehicles 2022-04-01 2023-03-31 10729405 d:MotorVehicles 2023-03-31 10729405 d:MotorVehicles 2022-03-31 10729405 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 10729405 d:FurnitureFittings 2022-04-01 2023-03-31 10729405 d:FurnitureFittings 2023-03-31 10729405 d:FurnitureFittings 2022-03-31 10729405 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 10729405 d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 10729405 d:CurrentFinancialInstruments 2023-03-31 10729405 d:CurrentFinancialInstruments 2022-03-31 10729405 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 10729405 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 10729405 d:ShareCapital 2023-03-31 10729405 d:ShareCapital 2022-03-31 10729405 d:RetainedEarningsAccumulatedLosses 2023-03-31 10729405 d:RetainedEarningsAccumulatedLosses 2022-03-31 10729405 c:FRS102 2022-04-01 2023-03-31 10729405 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 10729405 c:FullAccounts 2022-04-01 2023-03-31 10729405 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 10729405 2 2022-04-01 2023-03-31 10729405 6 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure

Registered number: 10729405









ASHISH CHANDRA LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2023

 
ASHISH CHANDRA LIMITED
REGISTERED NUMBER: 10729405

BALANCE SHEET
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
2,138
8,108

Investments
 5 
90,807
99,123

  
92,945
107,231

Current assets
  

Debtors: amounts falling due within one year
 6 
584
100

Cash at bank and in hand
 7 
452,813
285,677

  
453,397
285,777

Creditors: amounts falling due within one year
 8 
(52,681)
(57,532)

Net current assets
  
 
 
400,716
 
 
228,245

Total assets less current liabilities
  
493,661
335,476

  

Net assets
  
493,661
335,476


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
493,561
335,376

  
493,661
335,476


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

Page 1

 
ASHISH CHANDRA LIMITED
REGISTERED NUMBER: 10729405
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2023

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
A Chandra
Director

Date: 6 October 2023

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
ASHISH CHANDRA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

Ashish Chandra Limited is a company limited by shares incorporated in England and Wales within the United Kingdom. The address of the registered office is First Floor, Radius House, 51 Clarendon Road, Watford, WD17 1HP. 
The company's principal activity is that of a consultancy company. 
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £. 
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 3

 
ASHISH CHANDRA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Motor vehicles
-
25%
Fixtures and fittings
-
15%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.6

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of Income and Retained Earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 4

 
ASHISH CHANDRA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.10

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2022 - 1).

Page 5

 
ASHISH CHANDRA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

4.


Tangible fixed assets





Motor vehicles
Fixtures and fittings
Total

£
£
£



Cost or valuation


At 1 April 2022
25,000
4,644
29,644


Additions
-
1,149
1,149



At 31 March 2023

25,000
5,793
30,793



Depreciation


At 1 April 2022
18,750
2,786
21,536


Charge for the year on owned assets
6,250
869
7,119



At 31 March 2023

25,000
3,655
28,655



Net book value



At 31 March 2023
-
2,138
2,138



At 31 March 2022
6,250
1,858
8,108


5.


Fixed asset investments





Other fixed asset investments

£



Cost or valuation


At 1 April 2022
99,123


Revaluations
(8,316)



At 31 March 2023
90,807




Page 6

 
ASHISH CHANDRA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

6.


Debtors

2023
2022
£
£


Other debtors
100
100

Prepayments and accrued income
484
-

584
100



7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
452,813
285,677

452,813
285,677



8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Corporation tax
43,574
49,894

Other creditors
5,857
4,638

Accruals and deferred income
3,250
3,000

52,681
57,532


 
Page 7