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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
Page
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Chief Operations Ltd Company Information for the year ended 31 March 2023
Director
Gavin Chambers
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
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Chief Operations Ltd Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
464 
696 
Current assets
Inventories
44,718 
30,000 
Debtors
- 
2,001 
Cash at bank and in hand
8,803 
1,278 
53,521 
33,279 
Creditors: amounts falling due within one year
(20,195)
(16,942)
Net current assets
33,326 
16,337 
Net assets
33,790 
17,033 
Capital and reserves
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
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Chief Operations Ltd Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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
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 
£ 
Cost or valuation
At cost 
At 1 April 2022
928 
At 31 March 2023
928 
Depreciation
At 1 April 2022
232 
Charge for the year
232 
At 31 March 2023
464 
Net book value
At 31 March 2023
464 
At 31 March 2022
696 
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Chief Operations Ltd Notes to the Accounts for the year ended 31 March 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
2,001 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
117 
131 
Taxes and social security
5,213 
2,650 
Other creditors
1,462 
- 
Loans from directors
12,603 
14,161 
Accruals
800 
- 
20,195 
16,942 
7
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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