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REGISTERED NUMBER: 13929384 (England and Wales)















Unaudited Financial Statements

for the Period

21 February 2022 to 28 February 2023

for

Chovin Ltd

Chovin Ltd (Registered number: 13929384)






Contents of the Financial Statements
for the Period 21 February 2022 to 28 February 2023




Page

Statement of Financial Position 1

Notes to the Financial Statements 2


Chovin Ltd (Registered number: 13929384)

Statement of Financial Position
28 February 2023

Notes £    £   
FIXED ASSETS
Property, plant and equipment 4 2,125

CURRENT ASSETS
Inventories 7,500
Cash at bank and in hand 24,580
32,080
CREDITORS
Amounts falling due within one year 5 17,714
NET CURRENT ASSETS 14,366
TOTAL ASSETS LESS CURRENT
LIABILITIES

16,491

CAPITAL AND RESERVES
Called up share capital 100
Retained earnings 16,391
SHAREHOLDERS' FUNDS 16,491

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 10 November 2023 and were signed by:




Mr Vinay Chohan - Director


Chovin Ltd (Registered number: 13929384)

Notes to the Financial Statements
for the Period 21 February 2022 to 28 February 2023

1. STATUTORY INFORMATION

Chovin Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 13929384

Registered office: 14 The Glade
Ilford
United Kingdom
Essex
IG5 0NF

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance

Stocks
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.


Chovin Ltd (Registered number: 13929384)

Notes to the Financial Statements - continued
for the Period 21 February 2022 to 28 February 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 .

4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
and
fittings
£   
COST
Additions 2,500
At 28 February 2023 2,500
DEPRECIATION
Charge for period 375
At 28 February 2023 375
NET BOOK VALUE
At 28 February 2023 2,125

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Taxation and social security 3,170
Other creditors 14,544
17,714