Company Registration No. 11648763 (England and Wales)
CHIKONOMICS LTD
Unaudited accounts
for the year ended 31 October 2023
CHIKONOMICS LTD
Unaudited accounts
Contents
CHIKONOMICS LTD
Company Information
for the year ended 31 October 2023
Company Number
11648763 (England and Wales)
Registered Office
46c Hemstal Road
London
NW6 2AJ
Accountants
My Accountancy Team Limited
22 Woodford Avenue
Ilford
Essex
IG2 6 XG
CHIKONOMICS LTD
Statement of financial position
as at 31 October 2023
Tangible assets
360,860
368,225
Cash at bank and in hand
1,795
5,413
Creditors: amounts falling due within one year
(357,457)
(368,960)
Net current liabilities
(355,662)
(363,547)
Called up share capital
1
1
Profit and loss account
5,197
4,677
Shareholders' funds
5,198
4,678
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 her 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 26 July 2024 and were signed on its behalf by
Chi Hang LI
Director
Company Registration No. 11648763
CHIKONOMICS LTD
Notes to the Accounts
for the year ended 31 October 2023
CHIKONOMICS LTD is a private company, limited by shares, registered in England and Wales, registration number 11648763. The registered office is 46c Hemstal Road, London, NW6 2AJ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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
2%from the year after purchase
4
Tangible fixed assets
Land & buildings
At 1 November 2022
396,652
At 31 October 2023
396,652
At 31 October 2023
360,860
At 31 October 2022
368,225
5
Creditors: amounts falling due within one year
2023
2022
Trade creditors
2,035
1,960
Taxes and social security
1,842
2,462
Loans from directors
353,580
364,463
CHIKONOMICS LTD
Notes to the Accounts
for the year ended 31 October 2023
6
Average number of employees
During the year the average number of employees was 0 (2022: 0).