Company Registration No. 12491780 (England and Wales)
Chief Operations Ltd
Unaudited accounts
for the year ended 31 March 2023
Chief Operations Ltd
Unaudited accounts
Contents
Chief Operations Ltd
Company Information
for the year ended 31 March 2023
Company Number
12491780 (England and Wales)
Registered Office
Wolfe Mead
Farnham Road
Bordon
Hampshire
GU35 0NH
United Kingdom
Accountants
M A Accountancy Group
Wolfe Mead
Farnham Road
Bordon
Hampshire
GU35 0NH
Chief Operations Ltd
Statement of financial position
as at 31 March 2023
Cash at bank and in hand
8,803
1,278
Creditors: amounts falling due within one year
(20,195)
(16,942)
Net current assets
33,326
16,337
Called up share capital
1
1
Profit and loss account
33,789
17,032
Shareholders' funds
33,790
17,033
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 25 October 2023 and were signed on its behalf by
Gavin Chambers
Director
Company Registration No. 12491780
Chief Operations Ltd
Notes to the Accounts
for the year ended 31 March 2023
Chief Operations Ltd is a private company, limited by shares, registered in England and Wales, registration number 12491780. The registered office is Wolfe Mead, Farnham Road, Bordon, Hampshire, GU35 0NH, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
25% straight line
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
4
Tangible fixed assets
Computer equipment
Chief Operations Ltd
Notes to the Accounts
for the year ended 31 March 2023
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
5,213
2,650
Loans from directors
12,603
14,161
7
Average number of employees
During the year the average number of employees was 0 (2022: 0).