Company registration number 13296521 (England and Wales)
CHAVEREYS AUDIT LIMITED
Unaudited Financial Statements
For The Year Ended 31 March 2023
Pages For Filing With Registrar
Chavereys Audit Limited
CHAVEREYS AUDIT LIMITED
Contents
Page
Balance sheet
1
Notes to the financial statements
2
Chavereys Audit Limited
CHAVEREYS AUDIT LIMITED
Balance Sheet
As At 31 March 2023
31 March 2023
- 1 -
2023
2022
Notes
£
£
£
£
Current assets
Cash at bank and in hand
4,960
100
Net current assets
4,960
100
Creditors: amounts falling due after more than one year
(4,900)
-
0
Net assets
60
100
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
(40)
-
0
Total equity
60
100

In accordance with section 444 of the Companies Act 2006, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved by the board of directors and authorised for issue on 8 November 2023 and are signed on its behalf by:
B Wilkinson
Director
Company Registration No. 13296521
Chavereys Audit Limited
CHAVEREYS AUDIT LIMITED
Notes To The Financial Statements
For The Year Ended 31 March 2023
- 2 -
1
Accounting policies
Company information

Chavereys Audit Limited is a private company limited by shares incorporated in England and Wales. The registered office is The Goods Shed, Jubilee Way, Faversham, Kent, England, ME13 8GD.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
2
2
4
Related party transactions
Transactions with related parties

During the year the company entered into the following transactions with related parties:

 

The company received funding of £5,000 from Chavereys, a partnership in which both of the Directors of this company are partners.

 

The balance owed to Chavereys at the end of the year was £4,900 (2022: £nil)

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