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REGISTERED NUMBER: 01438222 (England and Wales)














Charntec Electronics Limited

Unaudited Financial Statements

for the Year Ended 31 July 2023






Charntec Electronics Limited (Registered number: 01438222)






Contents of the Financial Statements
for the Year Ended 31 July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Charntec Electronics Limited

Company Information
for the Year Ended 31 July 2023







DIRECTORS: Roy Frederick Quaife
Paul Chandler



SECRETARY: Paul Chandler



REGISTERED OFFICE: 10 Victoria Road South
Southsea
Hampshire
PO5 2DA



REGISTERED NUMBER: 01438222 (England and Wales)



ACCOUNTANTS: Barter Durgan
Chartered Accountants
10, Victoria Road South
Southsea
Hampshire
PO5 2DA



BANKERS: HSBC Bank
165 High Street
Southampton
Hampshire
SO14 2NZ

Charntec Electronics Limited (Registered number: 01438222)

Balance Sheet
31 July 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 571 278

CURRENT ASSETS
Stocks 19,000 23,000
Debtors 5 7,726 77,984
Cash at bank 77,127 35,513
103,853 136,497
CREDITORS
Amounts falling due within one year 6 75,511 67,624
NET CURRENT ASSETS 28,342 68,873
TOTAL ASSETS LESS CURRENT
LIABILITIES

28,913

69,151

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Retained earnings 18,913 59,151
SHAREHOLDERS' FUNDS 28,913 69,151

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

Charntec Electronics Limited (Registered number: 01438222)

Balance Sheet - continued
31 July 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 8 February 2024 and were signed on its behalf by:




Roy Frederick Quaife - Director



Paul Chandler - Director


Charntec Electronics Limited (Registered number: 01438222)

Notes to the Financial Statements
for the Year Ended 31 July 2023

1. STATUTORY INFORMATION

Charntec Electronics 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 - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

Charntec Electronics Limited (Registered number: 01438222)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 August 2022 9,362
Additions 623
At 31 July 2023 9,985
DEPRECIATION
At 1 August 2022 9,084
Charge for year 330
At 31 July 2023 9,414
NET BOOK VALUE
At 31 July 2023 571
At 31 July 2022 278

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 6,828 76,623
Prepayments 898 1,361
7,726 77,984

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 684 3,314
Taxation 2,955 7,646
Social security and other taxes 8,101 8,302
VAT 35,580 5,989
Other creditors 291 294
Prepaid income 26,400 40,579
Accrued expenses 1,500 1,500
75,511 67,624

7. ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.