Registered number
07342827
CHARLIE P'S LIMITED
Unaudited Filleted Accounts
31 July 2023
CHARLIE P'S LIMITED
Registered number: 07342827
Balance Sheet
as at 31 July 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 58 77
Current assets
Debtors 3 49,875 51,624
Cash at bank and in hand 6,324 10,711
56,199 62,335
Creditors: amounts falling due within one year 4 (27,695) (29,730)
Net current assets 28,504 32,605
Total assets less current liabilities 28,562 32,682
Creditors: amounts falling due after more than one year 5 (28,550) (32,454)
Net assets 12 228
Capital and reserves
Called up share capital 2 2
Profit and loss account 10 226
Shareholder's funds 12 228
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 member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her 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.
S Boyce
Director
Approved by the board on 13 February 2024
CHARLIE P'S LIMITED
Notes to the Accounts
for the year ended 31 July 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 (as applied to small entities by section 1A of the standard).
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. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment 25% reducing balance
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. 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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 4 4
3 Debtors 2023 2022
£ £
Other debtors 49,875 51,624
4 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors - 720
Taxation and social security costs 27,606 29,010
27,695 29,730
5 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 28,550 32,454
6 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
S Boyce
Director's loan 13,572 36,515 (30,620) 19,467
M Gannon
Director's loan 13,573 36,515 (30,620) 19,468
27,145 73,030 (61,240) 38,935
7 Related party transactions
At the year end the company was owed £49,875 by related parties (2022: £51,624).
8 Controlling party
The directors are considered to be the ultimate controlling party by virtue of their ability to act in concert in respect of the operational and financial policies of the company.
9 Other information
CHARLIE P'S LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
1st Floor
Quadrant House
9 Heath Road
Weybridge
KT13 8SX
CHARLIE P'S LIMITED 07342827 false 2022-08-01 2023-07-31 2023-07-31 VT Final Accounts October 2023 release 2 S Boyce No description of principal activity 07342827 2021-08-01 2022-07-31 07342827 core:WithinOneYear 2022-07-31 07342827 core:AfterOneYear 2022-07-31 07342827 core:ShareCapital 2022-07-31 07342827 core:RetainedEarningsAccumulatedLosses 2022-07-31 07342827 2022-08-01 2023-07-31 07342827 bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 07342827 bus:AuditExemptWithAccountantsReport 2022-08-01 2023-07-31 07342827 bus:Director40 2022-08-01 2023-07-31 07342827 1 2022-08-01 2023-07-31 07342827 2 2022-08-01 2023-07-31 07342827 bus:Director1 2022-08-01 2023-07-31 07342827 bus:Director1 1 2022-08-01 2023-07-31 07342827 bus:Director2 2022-08-01 2023-07-31 07342827 bus:Director2 1 2022-08-01 2023-07-31 07342827 countries:England 2022-08-01 2023-07-31 07342827 bus:FRS102 2022-08-01 2023-07-31 07342827 bus:FullAccounts 2022-08-01 2023-07-31 07342827 2023-07-31 07342827 core:WithinOneYear 2023-07-31 07342827 core:AfterOneYear 2023-07-31 07342827 core:ShareCapital 2023-07-31 07342827 core:RetainedEarningsAccumulatedLosses 2023-07-31 07342827 bus:Director1 1 2023-07-31 07342827 bus:Director2 1 2023-07-31 07342827 2022-07-31 07342827 bus:Director1 1 2022-07-31 07342827 bus:Director2 1 2022-07-31 iso4217:GBP xbrli:pure