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REGISTERED NUMBER: 11480891 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2023

for

CHINS DESIGN & BUILD LTD

CHINS DESIGN & BUILD LTD (REGISTERED NUMBER: 11480891)






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


CHINS DESIGN & BUILD LTD

Company Information
for the Year Ended 31 July 2023







DIRECTOR: Mr K Chin





SECRETARY: Mr K Chin





REGISTERED OFFICE: 71-75 Shelton Street
London
Greater London
United Kingdom
WC2H 9JQ





REGISTERED NUMBER: 11480891 (England and Wales)





ACCOUNTANTS: HM Accountax Ltd
Chartered Certified Accountants
86-90 Paul Street
Islington
London
EC2A 4NE

CHINS DESIGN & BUILD LTD (REGISTERED NUMBER: 11480891)

Balance Sheet
31 July 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 7,040
Tangible assets 5 6,093 8,124
6,093 15,164

CURRENT ASSETS
Debtors 6 35,580 17,869
Cash at bank and in hand 4,466 1,589
40,046 19,458
CREDITORS
Amounts falling due within one year 7 21,280 5,939
NET CURRENT ASSETS 18,766 13,519
TOTAL ASSETS LESS CURRENT
LIABILITIES

24,859

28,683

CREDITORS
Amounts falling due after more than one year 8 37,841 38,231
NET LIABILITIES (12,982 ) (9,548 )

RESERVES
Retained earnings (12,982 ) (9,548 )
(12,982 ) (9,548 )

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 director acknowledges his 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.

CHINS DESIGN & BUILD LTD (REGISTERED NUMBER: 11480891)

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 July 2024 and were signed by:





Mr K Chin - Director


CHINS DESIGN & BUILD LTD (REGISTERED NUMBER: 11480891)

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

1. STATUTORY INFORMATION

Chins Design & Build Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

The accounts have been prepared on the going concern basis as the director is of the opinion that the company will meet its liabilities as and when due, due to the continued support of the director.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of three years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Taxation
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
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

CHINS DESIGN & BUILD LTD (REGISTERED NUMBER: 11480891)

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

2. ACCOUNTING POLICIES - continued

Short term debtors and creditors
Short term debtors and creditors with no stated interest rate are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Computer
software
£   
COST
At 1 August 2022
and 31 July 2023 21,120
AMORTISATION
At 1 August 2022 14,080
Amortisation for year 7,040
At 31 July 2023 21,120
NET BOOK VALUE
At 31 July 2023 -
At 31 July 2022 7,040

5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 August 2022
and 31 July 2023 2,511 11,640 3,539 17,690
DEPRECIATION
At 1 August 2022 1,176 6,729 1,661 9,566
Charge for year 334 1,228 469 2,031
At 31 July 2023 1,510 7,957 2,130 11,597
NET BOOK VALUE
At 31 July 2023 1,001 3,683 1,409 6,093
At 31 July 2022 1,335 4,911 1,878 8,124

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 31,576 15,362
Amounts owed by group undertakings 2,343 1,805
Other debtors 1,661 702
35,580 17,869

CHINS DESIGN & BUILD LTD (REGISTERED NUMBER: 11480891)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 833 833
Taxation and social security 395 1,392
Other creditors 20,052 3,714
21,280 5,939

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 37,841 38,231

9. ULTIMATE CONTROLLING PARTY

The controlling party is Mr K Chin.