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REGISTERED NUMBER: 02458240 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2023

FOR

CHURCHILL ASSOCIATES (UK) LIMITED

CHURCHILL ASSOCIATES (UK) LIMITED (REGISTERED NUMBER: 02458240)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 April 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


CHURCHILL ASSOCIATES (UK) LIMITED

COMPANY INFORMATION
for the Year Ended 30 April 2023







DIRECTORS: D J Shaw
Mrs W J Shaw





REGISTERED OFFICE: Shirley House
High Street
Newent
Gloucestershire
GL18 1AY





REGISTERED NUMBER: 02458240 (England and Wales)





ACCOUNTANTS: Bernard Rogers & Co
Bank Gallery
High Street
Kenilworth
Warwickshire
CV8 1LY

CHURCHILL ASSOCIATES (UK) LIMITED (REGISTERED NUMBER: 02458240)

STATEMENT OF FINANCIAL POSITION
30 April 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 720 1,080

CURRENT ASSETS
Debtors 5 30,087 40,054
Investments 6 7,500 7,500
Cash at bank 16,539 -
54,126 47,554
CREDITORS
Amounts falling due within one year 7 22,183 14,149
NET CURRENT ASSETS 31,943 33,405
TOTAL ASSETS LESS CURRENT
LIABILITIES

32,663

34,485

PROVISIONS FOR LIABILITIES 137 -
NET ASSETS 32,526 34,485

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings 32,522 34,481
SHAREHOLDERS' FUNDS 32,526 34,485

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

CHURCHILL ASSOCIATES (UK) LIMITED (REGISTERED NUMBER: 02458240)

STATEMENT OF FINANCIAL POSITION - continued
30 April 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 June 2023 and were signed on its behalf by:





D J Shaw - Director


CHURCHILL ASSOCIATES (UK) LIMITED (REGISTERED NUMBER: 02458240)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 April 2023


1. STATUTORY INFORMATION

Churchill Associates (UK) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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
Turnover 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.
Computer equipment - 25% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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 year 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 year was 2 (2022 - 2 ) .

CHURCHILL ASSOCIATES (UK) LIMITED (REGISTERED NUMBER: 02458240)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 April 2023


4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 May 2022
and 30 April 2023 2,985
DEPRECIATION
At 1 May 2022 1,905
Charge for year 360
At 30 April 2023 2,265
NET BOOK VALUE
At 30 April 2023 720
At 30 April 2022 1,080

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 25,087 35,054
Other debtors 5,000 5,000
30,087 40,054

6. CURRENT ASSET INVESTMENTS
2023 2022
£    £   
Unlisted investments 7,500 7,500

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts - 1,492
Trade creditors 8,902 -
Taxation and social security 7,960 8,723
Other creditors 5,321 3,934
22,183 14,149

8. RELATED PARTY DISCLOSURES

At 30 April 2023 other creditors included loans made to the company by the directors of £4,417 (2022: £3,068). The loans are interest free and have no fixed date for repayment.

9. ULTIMATE CONTROLLING PARTY

The controlling party is Mr D Shaw and Mrs W Shaw.