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Company Registration No. 8431514 (England and Wales)
CHAARCO LTD Unaudited accounts for the year ended 31 March 2024
CHAARCO LTD Unaudited accounts Contents
Page
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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
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CHAARCO LTD Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
4,595 
11,141 
Current assets
Inventories
110,100 
60,250 
Debtors
4,716 
27,615 
Cash at bank and in hand
4,462 
27,702 
119,278 
115,567 
Creditors: amounts falling due within one year
(7,297)
(8,039)
Net current assets
111,981 
107,528 
Net assets
116,576 
118,669 
Capital and reserves
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
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CHAARCO LTD Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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 
Depreciation
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 
Net book value
At 31 March 2024
2,355 
- 
2,240 
4,595 
At 31 March 2023
7,560 
341 
3,240 
11,141 
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CHAARCO LTD Notes to the Accounts for the year ended 31 March 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
966 
2,005 
Trade debtors
- 
16,860 
Accrued income and prepayments
3,750 
8,750 
4,716 
27,615 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
1,350 
1,587 
Taxes and social security
1,447 
804 
Accruals
4,500 
5,648 
7,297 
8,039 
7
Average number of employees
During the year the average number of employees was 6 (2023: 6).
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