Chroma Nima Limited 12343900 false 2023-01-01 2023-12-31 2023-12-31 The principal activity of the company is the dyeing and selling of wool. Digita Accounts Production Advanced 6.30.9574.0 true true 12343900 2023-01-01 2023-12-31 12343900 2023-12-31 12343900 core:CurrentFinancialInstruments 2023-12-31 12343900 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 12343900 core:FurnitureFittingsToolsEquipment 2023-12-31 12343900 bus:SmallEntities 2023-01-01 2023-12-31 12343900 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 12343900 bus:FilletedAccounts 2023-01-01 2023-12-31 12343900 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 12343900 bus:RegisteredOffice 2023-01-01 2023-12-31 12343900 bus:CompanySecretaryDirector1 2023-01-01 2023-12-31 12343900 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 12343900 bus:Agent1 2023-01-01 2023-12-31 12343900 core:FurnitureFittingsToolsEquipment 2023-01-01 2023-12-31 12343900 countries:EnglandWales 2023-01-01 2023-12-31 12343900 2022-12-31 12343900 core:FurnitureFittingsToolsEquipment 2022-12-31 12343900 2022-01-01 2022-12-31 12343900 2022-12-31 12343900 core:CurrentFinancialInstruments 2022-12-31 12343900 core:CurrentFinancialInstruments core:WithinOneYear 2022-12-31 12343900 core:FurnitureFittingsToolsEquipment 2022-12-31 iso4217:GBP xbrli:pure

Registration number: 12343900

Chroma Nima Limited

Annual Report and Unaudited Financial Statements (Filleted)

for the Year Ended 31 December 2023

image-name
 

Chroma Nima Limited

Contents

Company Information

1

Accountants' Report

2

Balance Sheet

3

Notes to the Unaudited Financial Statements

4 to 7

 

Chroma Nima Limited

Company Information

Director

Mrs V J Streater

Company secretary

Mrs V J Streater

Registered office

Ground Floor South Suite
Afon House
Worthing Road
Horsham
West Sussex
RH12 1TL

Bankers

HSBC UK
9, The Boulevard
Crawley
West Sussex
RH10 1UT

Accountants

Ritchie Phillips LLP
 Ground Floor South Suite
Afon House
Worthing Road
Horsham
West Sussex
RH12 1TL

 

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Chroma Nima Limited
for the Year Ended 31 December 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Chroma Nima Limited for the year ended 31 December 2023 as set out on pages 3 to 7 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 Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Chroma Nima 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 Chroma Nima Limited and state those matters that we have agreed to state to the Board of Directors of Chroma Nima Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Chroma Nima Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Chroma Nima 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 Chroma Nima Limited. You consider that Chroma Nima 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 Chroma Nima 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.

......................................

Ritchie Phillips LLP
Ground Floor South Suite
Afon House
Worthing Road
Horsham
West Sussex
RH12 1TL

10 April 2024

 

Chroma Nima Limited

(Registration number: 12343900)
Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

996

1,124

Current assets

 

Stocks

5

7,102

7,143

Debtors

6

455

32

Cash at bank and in hand

 

5,530

5,287

 

13,087

12,462

Creditors: Amounts falling due within one year

7

(21,647)

(21,490)

Net current liabilities

 

(8,560)

(9,028)

Net liabilities

 

(7,564)

(7,904)

Capital and reserves

 

Called up share capital

100

100

Retained earnings

(7,664)

(8,004)

Shareholders' deficit

 

(7,564)

(7,904)

For the financial year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 8 April 2024
 

.........................................
Mrs V J Streater
Company secretary and director

   
     
 

Chroma Nima Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Ground Floor South Suite
Afon House
Worthing Road
Horsham
West Sussex
RH12 1TL
England

The principal place of business is:
5 St Johns Road
Wimbledon
London
SW19 4PH
England

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

At the balance sheet date the company's liabilities exceeded its assets. The director confirms that financial support will be available to the company for the twelve months from the date of signing these financial statements. On this basis, the director considers it appropriate to prepare the accounts on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Chroma Nima Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Equipment

Over 5 years on a straight line basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

Chroma Nima Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

3

Staff numbers

The average number of persons employed by the company (including the director) during the year was 1 (2022 - 1).

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 January 2023

1,745

1,745

Additions

666

666

Disposals

(519)

(519)

At 31 December 2023

1,892

1,892

Depreciation

At 1 January 2023

621

621

Charge for the year

379

379

Eliminated on disposal

(104)

(104)

At 31 December 2023

896

896

Carrying amount

At 31 December 2023

996

996

At 31 December 2022

1,124

1,124

 

Chroma Nima Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

5

Stocks

2023
£

2022
£

Other inventories

7,102

7,143

6

Debtors

Current

2023
£

2022
£

Trade debtors

356

32

Other debtors

99

-

 

455

32

7

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Trade creditors

9

9

Accruals and deferred income

1,908

1,800

Other creditors

19,730

19,681

21,647

21,490