Company Registration No. 7765992 (England and Wales)
Chimsoc Limited
Unaudited accounts
for the year ended 31 October 2023
Chimsoc Limited
Unaudited accounts
Contents
Chimsoc Limited
Company Information
for the year ended 31 October 2023
Company Number
7765992 (England and Wales)
Registered Office
Chimsoc Ltd
Unit 5 Wessex Road
Bourne End
Buckinghamshire
SL8 5DT
England
Accountants
Blue Cube Accountants Limited
Britwell Grange
Britwell Road
Burnham
SL1 8DF
Chimsoc Limited
Statement of financial position
as at 31 October 2023
Tangible assets
5,338
1,011
Cash at bank and in hand
449,276
451,177
Creditors: amounts falling due within one year
(61,474)
(69,234)
Net current assets
454,561
431,702
Total assets less current liabilities
459,899
432,713
Provisions for liabilities
Net assets
458,565
432,713
Called up share capital
10
10
Profit and loss account
458,555
432,703
Shareholders' funds
458,565
432,713
For the year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 20 February 2024 and were signed on its behalf by
Paul Willis
Director
Company Registration No. 7765992
Chimsoc Limited
Notes to the Accounts
for the year ended 31 October 2023
Chimsoc Limited is a private company, limited by shares, registered in England and Wales, registration number 7765992. The registered office is Chimsoc Ltd, Unit 5 Wessex Road, Bourne End, Buckinghamshire, SL8 5DT, England.
These financial statements have been prepared in compliance with FRS 102, ’The Financial Reporting Standard applicable to 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.
The accounts are presented in £ sterling.
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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
10% Straight Line
Fixtures & fittings
25% Straight Line
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 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.
Chimsoc Limited
Notes to the Accounts
for the year ended 31 October 2023
3
Tangible fixed assets
Land & buildings
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 November 2022
-
4,711
4,711
Additions
1,870
4,255
6,125
At 31 October 2023
1,870
8,966
10,836
At 1 November 2022
-
3,700
3,700
Charge for the year
187
1,611
1,798
At 31 October 2023
187
5,311
5,498
At 31 October 2023
1,683
3,655
5,338
At 31 October 2022
-
1,011
1,011
Amounts falling due within one year
Accrued income and prepayments
1,310
-
5
Creditors: amounts falling due within one year
2023
2022
Trade creditors
47,000
38,099
Taxes and social security
6,053
8,345
Loans from directors
312
-
Allotted, called up and fully paid:
10 Ordinary shares of £1 each
10
10
7
Average number of employees
During the year the average number of employees was 1 (2022: 1).