Registered number
12180537
Chrisdem Limited
Unaudited Filleted Accounts
31 August 2023
Chrisdem Limited
Registered number: 12180537
Balance Sheet
as at 31 August 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 64,460 65,890
Current assets
Stocks 1,500 1,500
Debtors 4 15,984 10,000
Cash at bank and in hand 516 2,422
18,000 13,922
Creditors: amounts falling due within one year 5 (114,250) (95,410)
Net current liabilities (96,250) (81,488)
Total assets less current liabilities (31,790) (15,598)
Creditors: amounts falling due after more than one year 6 (14,000) (20,000)
Net liabilities (45,790) (35,598)
Capital and reserves
Called up share capital 2 2
Profit and loss account (45,792) (35,600)
Shareholders' funds (45,790) (35,598)
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.
D Souroullas
Director
Approved by the board on 31 March 2024
Chrisdem Limited
Notes to the Accounts
for the year ended 31 August 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 is revenue earned from the sale of goods and is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.
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:
Plant and machinery and equipment 25% reducing balance
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.
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.
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.
Leased assets
Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 12 8
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 September 2022 55,669 17,273 72,942
Additions - 1,500 1,500
At 31 August 2023 55,669 18,773 74,442
Depreciation
At 1 September 2022 - 7,052 7,052
Charge for the year - 2,930 2,930
At 31 August 2023 - 9,982 9,982
Net book value
At 31 August 2023 55,669 8,791 64,460
At 31 August 2022 55,669 10,221 65,890
4 Debtors 2023 2022
£ £
Other debtors 15,984 10,000
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 6,000 4,000
Trade creditors 20,692 16,358
Taxation and social security costs 32,060 18,889
Other creditors 55,498 56,163
114,250 95,410
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 14,000 20,000
7 Related party transactions
The company owes the Directors an unsecured amount which is interest free and repayable on demand.
£51,091 (2022 £52,535) - D Souroullas
£1,555 (2022 £0) - C Wells
8 Other information
Chrisdem Limited is a private company limited by shares and incorporated in England. Its registered office is:
30 Henfield Road
Coalpit Heath
Bristol
BS36 2TE
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