Christa Limited 08902264 false 2022-03-01 2023-02-28 2023-02-28 The principal activity of the company is Health Care Services Digita Accounts Production Advanced 6.30.9574.0 true 08902264 2022-03-01 2023-02-28 08902264 2023-02-28 08902264 core:RetainedEarningsAccumulatedLosses 2023-02-28 08902264 core:ShareCapital 2023-02-28 08902264 core:CurrentFinancialInstruments 2023-02-28 08902264 core:CurrentFinancialInstruments core:WithinOneYear 2023-02-28 08902264 core:FurnitureFittingsToolsEquipment 2023-02-28 08902264 bus:SmallEntities 2022-03-01 2023-02-28 08902264 bus:AuditExemptWithAccountantsReport 2022-03-01 2023-02-28 08902264 bus:FullAccounts 2022-03-01 2023-02-28 08902264 bus:SmallCompaniesRegimeForAccounts 2022-03-01 2023-02-28 08902264 bus:RegisteredOffice 2022-03-01 2023-02-28 08902264 bus:Director1 2022-03-01 2023-02-28 08902264 bus:Director2 2022-03-01 2023-02-28 08902264 bus:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28 08902264 core:RetainedEarningsAccumulatedLosses 2022-03-01 2023-02-28 08902264 core:ShareCapital 2022-03-01 2023-02-28 08902264 core:FurnitureFittings 2022-03-01 2023-02-28 08902264 core:FurnitureFittingsToolsEquipment 2022-03-01 2023-02-28 08902264 core:OfficeEquipment 2022-03-01 2023-02-28 08902264 core:OtherRelatedParties 2022-03-01 2023-02-28 08902264 countries:AllCountries 2022-03-01 2023-02-28 08902264 2022-02-28 08902264 core:RetainedEarningsAccumulatedLosses 2022-02-28 08902264 core:ShareCapital 2022-02-28 08902264 core:FurnitureFittingsToolsEquipment 2022-02-28 08902264 2021-03-01 2022-02-28 08902264 2022-02-28 08902264 core:RetainedEarningsAccumulatedLosses 2022-02-28 08902264 core:ShareCapital 2022-02-28 08902264 core:CurrentFinancialInstruments 2022-02-28 08902264 core:CurrentFinancialInstruments core:WithinOneYear 2022-02-28 08902264 core:FurnitureFittingsToolsEquipment 2022-02-28 08902264 core:RetainedEarningsAccumulatedLosses 2021-03-01 2022-02-28 08902264 core:ShareCapital 2021-03-01 2022-02-28 08902264 2021-02-28 08902264 core:RetainedEarningsAccumulatedLosses 2021-02-28 08902264 core:ShareCapital 2021-02-28 iso4217:GBP xbrli:pure

Registration number: 08902264

Christa Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 28 February 2023

 

Christa Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Statement of Changes in Equity

4

Notes to the Unaudited Financial Statements

5 to 9

 

Christa Limited

Company Information

Directors

Mrs Fatima Simbi

Mr George SIMBI

Registered office

68 Chadburn Road
Linby
Nottingham
NG15 8JT

Accountants

RM Accountancy Services
Certified Accountants

 

Christa Limited

(Registration number: 08902264)
Balance Sheet as at 28 February 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

241

344

Current assets

 

Debtors

5

6,464

4,586

Cash at bank and in hand

 

3

16

 

6,467

4,602

Creditors: Amounts falling due within one year

6

(6,331)

(4,876)

Net current assets/(liabilities)

 

136

(274)

Net assets

 

377

70

Capital and reserves

 

Called up share capital

7

1

1

Retained earnings

376

69

Shareholders' funds

 

377

70

For the financial year ending 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 27 September 2023 and signed on its behalf by:
 

 

Christa Limited

(Registration number: 08902264)
Balance Sheet as at 28 February 2023

.........................................
Mrs Fatima Simbi
Director

.........................................
Mr George SIMBI
Director

 

Christa Limited

Statement of Changes in Equity for the Year Ended 28 February 2023

Share capital
£

Retained earnings
£

Total
£

At 1 March 2022

1

69

70

Profit for the year

-

4,307

4,307

Dividends

-

(4,000)

(4,000)

At 28 February 2023

1

376

377

Share capital
£

Retained earnings
£

Total
£

At 1 March 2021

1

(2,397)

(2,396)

Profit for the year

-

3,466

3,466

Dividends

-

(1,000)

(1,000)

At 28 February 2022

1

69

70

 

Christa Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2023

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
68 Chadburn Road
Linby
Nottingham
NG15 8JT
England

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime'.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

Christa Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2023

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Equipments

25% Reducing balance

Fixture and fittings

25% Straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2022 - 2).

 

Christa Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2023

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 March 2022

1,165

1,165

At 28 February 2023

1,165

1,165

Depreciation

At 1 March 2022

821

821

Charge for the year

103

103

At 28 February 2023

924

924

Carrying amount

At 28 February 2023

241

241

At 28 February 2022

344

344

5

Debtors

Current

2023
£

2022
£

Other debtors

6,464

4,586

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Taxation and social security

5,491

4,456

Accruals and deferred income

840

420

6,331

4,876

7

Share capital

Allotted, called up and fully paid shares

 

Christa Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2023

 

2023

2022

 

No.

£

No.

£

Ordinary share capital of £1 each

1

1

1

1

         

8

Dividends

   

2023

 

2022

   

£

 

£

         

9

Related party transactions

 

Christa Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2023

Directors' remuneration

The directors' remuneration for the year was as follows:

2023
£

2022
£

Remuneration

5,876

-

Summary of transactions with other related parties

The director owed £1,176 (2020: £3,247) to the company at the end of the year.