Registered number
08593233
Chaika Events Limited
Report and accounts
31 May 2023
Chaika Events Limited
Report and accounts
Contents
Page
Company information 1
Director's report 2
Accountants' report 3
Profit and loss account 4
Balance sheet 5
Notes to the accounts 6 - 8
Chaika Events Limited
Company Information
Director
Olga Bury
Elena Moiseeva
Accountants
Simple Accounting Limited
95 Bridge Lanes
Hebden Bridge
HX7 6AT
Registered office
53 North Crofts Sydenham Hill
London
England
SE23 3PS
Registered number
08593233
Chaika Events Limited
Registered number: 08593233
Director's Report
The director presents his report and accounts for the year ended 31 May 2023.
Principal activities
The company's principal activity during the year was that of Other services activities.
Directors
The following person served as director during the year:
Olga Bury
Elena Moiseeva
Small company provisions
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
This report was approved by the board on 3 February 2024 and signed on its behalf.
Olga Bury
Director
Chaika Events Limited
Accountants' Report
Accountants' report to the director of
Chaika Events Limited
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Chaika Events Limited for the year ended 31 May 2023 set out on pages 4 to 9 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Management Accountants (CIMA), we are subject to its ethical and other professional requirements which are detailed at cima.com. This report is made solely to the Board of Directors of Chaika Events Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Chaika Events Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with the requirements of the Association of Chartered Management Accountants as detailed at cima.com. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Chaika Events Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Chaika Events Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Chaika Events Limited. You consider that Chaika Events Limited is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the accounts of Chaika Events Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Mark R Hill BSc (Econ) Dip ACMA
Simple Accounting Limited
Chartered Management Accountants
95 Bridge Lanes
Hebden Bridge
HX7 6AT
3 February 2024
Chaika Events Limited
Profit and Loss Account
for the year ended 31 May 2023
2023 2022
£ £
Turnover 801,544 277,678
Cost of sales (388,028) (11,483)
Gross Profit 413,516 266,195
Staff costs (242,480) (131,302)
Depreciation and other amounts written off assets (568) (1,584)
Other charges (87,476) (29,990)
Other income 3,300 2,465
Profit on ordinary activities before taxation 86,292 105,784
Tax on (payable)/recoverable on loss (16,732) (21,044)
Profit for the financial year 69,560 84,740
Chaika Events Limited
Registered number: 08593233
Balance Sheet
as at 31 May 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 49,438 1,136
Current assets
Debtors 4 55,320 52,482
Cash at bank and in hand 156,360 120,240
211,680 172,722
Creditors: amounts falling due within one year 5 (107,606) (78,377)
Net current assets 104,074 94,345
Total assets less current liabilities 153,512 95,481
Creditors: amounts falling due after more than one year 6 (49,819) -
Net assets 103,693 95,481
Capital and reserves
Called up share capital 100 100
Profit and loss account 103,593 95,381
Shareholders' funds 103,693 95,481
The director is 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 director acknowledges his 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 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.
Olga Bury
Director
Approved by the board on 3 February 2024
Chaika Events Limited
Notes to the Accounts
for the year ended 31 May 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.
Tangible fixed assets
Assets are depreciated at rates calculated write off the cost less residual value over expected useful life using the Reducing Balance Method (RBM).
Asset class depreciation method and rate :
Computer equipment 50% RBM
Office and events equipment 50% RBM
Motor Vehicle 0%
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
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.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 7 4
Staff costs 2023 2022
£ £
Wages and NI contributions 160,897 75,080
Employer pension contributions 19,911 15,474
180,808 90,554
3 Tangible Fixed Assets
Computer equipment Office and events equipment Motor Vehicle Total
£ £ £ £
Cost
At 1 June 2022 2,382 7,236 - 9,618
Additions 503 4,268 44,100 48,871
At 31 May 2023 2,885 11,504 44,100 44,100
Depreciation
At 1 June 2022 1,920 6,562 - 8,482
Charge for the year 232 337 - 569
At 31 May 2023 2,152 6,899 - -
Net book value
At 31 May 2023 733 4,605 44,100 49,438
At 31 May 2022 462 674 - 1,136
4 Debtors 2023 2022
£ £
Trade Debtors 54,658 50,696
Prepayments 662 1,786
55,320 52,482
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade Creditors 53,000 43,596
Corporation Tax 16,804 21,044
VAT 35,025 15,137
Director Loan account (2,746) (1,551)
Other creditors 5,523 151
107,606 78,377
6 Creditors: amounts falling due after one year 2023 2022
£ £
Hire Purchase Loan 49,819 -
49,819 -
7 Controlling Party
The ultimate controlling party is Olga Bury
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