Registered number
13060500
Chamac Ltd
Filleted Accounts
31 December 2022
Chamac Ltd
Registered number: 13060500
Balance Sheet
as at 31 December 2022
Notes 2022 2021
£ £
Current assets
Stocks 9,363 2,137
Cash at bank and in hand 12 1,441
9,375 3,578
Creditors: amounts falling due within one year 3 (8,975) (2,027)
Net current assets 400 1,551
Net assets 400 1,551
Capital and reserves
Called up share capital 1 1
Profit and loss account 399 1,550
Shareholders' funds 400 1,551
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Daljinder Toor
Director
Approved by the board on 23 October 2023
Chamac Ltd
Notes to the Accounts
for the year ended 31 December 2022
1 Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts. Turnover includes revenue earned from the sale of goods . Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2022 2021
Number Number
Average number of persons employed by the company 0 0
3 Creditors: amounts falling due within one year 2022 2021
£ £
Trade creditors - (274)
Director's account 5,351 1,938
Taxation and social security costs 24 363
Other creditors 3,600
8,975 2,027
4 Other information
Chamac Ltd is a private company limited by shares and incorporated in England. Its registered office is:
71-75 Shelton Street
London
WC2H 9JQ
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