Company Registration No. 8431514 (England and Wales)
CHAARCO LTD
Unaudited accounts
for the year ended 31 March 2024
CHAARCO LTD
Unaudited accounts
Contents
CHAARCO LTD
Company Information
for the year ended 31 March 2024
Director
Mohamad Nabil Al Shaar
Company Number
8431514 (England and Wales)
Registered Office
212 HIGH STREET
BRENTFORD
TW8 8AH
ENGLAND
Accountants
KM Accountancy Services Ltd
Association of Internaional Accountants
1000 Great West Rd
United Business Centre
Brentford, London
TW8 9DW
CHAARCO LTD
Statement of financial position
as at 31 March 2024
Tangible assets
4,595
11,141
Inventories
110,100
60,250
Cash at bank and in hand
4,462
27,702
Creditors: amounts falling due within one year
(7,297)
(8,039)
Net current assets
111,981
107,528
Net assets
116,576
118,669
Called up share capital
100
100
Profit and loss account
116,476
118,569
Shareholders' funds
116,576
118,669
For the year ending 31 March 2024 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 11 August 2024 and were signed on its behalf by
Mohamad Nabil Al Shaar
Director
Company Registration No. 8431514
CHAARCO LTD
Notes to the Accounts
for the year ended 31 March 2024
CHAARCO LTD is a private company, limited by shares, registered in England and Wales, registration number 8431514. The registered office is 212 HIGH STREET, BRENTFORD, TW8 8AH, ENGLAND.
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:
Plant & machinery
20% Straight line basis
Motor vehicles
20% Straight line basis
Fixtures & fittings
20% Straight line basis
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2023
26,028
1,875
5,000
32,903
At 31 March 2024
26,028
1,875
5,000
32,903
At 1 April 2023
18,468
1,534
1,760
21,762
Charge for the year
5,205
341
1,000
6,546
At 31 March 2024
23,673
1,875
2,760
28,308
At 31 March 2024
2,355
-
2,240
4,595
At 31 March 2023
7,560
341
3,240
11,141
CHAARCO LTD
Notes to the Accounts
for the year ended 31 March 2024
Amounts falling due within one year
Accrued income and prepayments
3,750
8,750
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
1,350
1,587
Taxes and social security
1,447
804
7
Average number of employees
During the year the average number of employees was 6 (2023: 6).