16 false false false false false false false false false false true false false false false false false No description of principal activity 2023-01-01 Sage Accounts Production Advanced 2023 - FRS102_2023 47,772 38,116 2,335 40,451 7,321 9,656 xbrli:pure xbrli:shares iso4217:GBP 06952124 2023-01-01 2023-12-31 06952124 2023-12-31 06952124 2022-12-31 06952124 2022-01-01 2022-12-31 06952124 2022-12-31 06952124 2021-12-31 06952124 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-01-01 2023-12-31 06952124 core:FurnitureFittings 2023-01-01 2023-12-31 06952124 core:MotorVehicles 2023-01-01 2023-12-31 06952124 bus:Director1 2023-01-01 2023-12-31 06952124 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2022-12-31 06952124 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-12-31 06952124 core:FurnitureFittings 2022-12-31 06952124 core:FurnitureFittings 2023-12-31 06952124 core:MotorVehicles 2023-12-31 06952124 core:WithinOneYear 2023-12-31 06952124 core:WithinOneYear 2022-12-31 06952124 core:AfterOneYear 2023-12-31 06952124 core:AfterOneYear 2022-12-31 06952124 core:ShareCapital 2023-12-31 06952124 core:ShareCapital 2022-12-31 06952124 core:RetainedEarningsAccumulatedLosses 2023-12-31 06952124 core:RetainedEarningsAccumulatedLosses 2022-12-31 06952124 core:BetweenOneFiveYears 2023-12-31 06952124 core:BetweenOneFiveYears 2022-12-31 06952124 core:MoreThanFiveYears 2023-12-31 06952124 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2022-12-31 06952124 core:FurnitureFittings 2022-12-31 06952124 bus:SmallEntities 2023-01-01 2023-12-31 06952124 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 06952124 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 06952124 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 06952124 bus:FullAccounts 2023-01-01 2023-12-31 06952124 core:ComputerEquipment 2023-01-01 2023-12-31 06952124 core:ConstructionInProgressAssetsUnderConstruction 2022-12-31 06952124 core:ComputerEquipment 2023-12-31 06952124 core:ComputerEquipment 2022-12-31
COMPANY REGISTRATION NUMBER: 06952124
Chandrra Limited
Unaudited financial statements
31 December 2023
Chandrra Limited
Statement of financial position
31 December 2023
2023
2022
Note
£
£
£
£
Fixed assets
Intangible assets
5
7,321
9,656
Tangible assets
6
113,273
123,285
---------
---------
120,594
132,941
Current assets
Stocks
7,200
7,920
Debtors
7
100,724
106,068
Cash at bank and in hand
77,431
105,942
---------
---------
185,355
219,930
Prepayments and accrued income
3,940
4,854
Creditors: Amounts falling due within one year
8
( 134,332)
( 121,913)
---------
---------
Net current assets
54,963
102,871
---------
---------
Total assets less current liabilities
175,557
235,812
Creditors: Amounts falling due after more than one year
9
( 103,558)
( 126,927)
Provisions
Taxation including deferred tax
( 9,443)
( 11,310)
Accruals and deferred income
( 12,016)
( 19,799)
---------
---------
Net assets
50,540
77,776
---------
---------
Capital and reserves
Called up share capital
1,000
1,000
Profit and loss account
49,540
76,776
-------
-------
Shareholders funds
50,540
77,776
-------
-------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.
For the 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 financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Chandrra Limited
Statement of financial position (continued)
31 December 2023
These financial statements were approved by the board of directors and authorised for issue on 14 August 2024 , and are signed on behalf of the board by:
Mr C Rai
Director
Company registration number: 06952124
Chandrra Limited
Notes to the financial statements
Year ended 31 December 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 174B King Street, Great Yarmouth, Norfolk, United Kingdom, NR30 2NY.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively . Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Intangible assets
Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Franchise costs
-
10% straight line
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures and fittings
-
25% reducing balance
Motor Vehicle
-
25% reducing balance
Equipment
-
25% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Finance leases and hire purchase contracts
Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.
Government grants
Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received. Government grants are recognised using the accrual model. Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
4. Average number of employees
The average number of employees during the year was 16 (2022: 16 ).
5. Intangible assets
Franchise costs
£
Cost
At 1 January 2023 and 31 December 2023
47,772
-------
Amortisation
At 1 January 2023
38,116
Charge for the year
2,335
-------
At 31 December 2023
40,451
-------
Carrying amount
At 31 December 2023
7,321
-------
At 31 December 2022
9,656
-------
6. Tangible assets
Fixtures and fittings
Motor vehicles
Equipment
Total
£
£
£
£
Cost
At 1 January 2023
504,443
17,005
521,448
Additions
478
22,130
582
23,190
---------
-------
-------
---------
At 31 December 2023
504,921
22,130
17,587
544,638
---------
-------
-------
---------
Depreciation
At 1 January 2023
388,324
9,839
398,163
Charge for the year
29,063
2,305
1,834
33,202
---------
-------
-------
---------
At 31 December 2023
417,387
2,305
11,673
431,365
---------
-------
-------
---------
Carrying amount
At 31 December 2023
87,534
19,825
5,914
113,273
---------
-------
-------
---------
At 31 December 2022
116,119
7,166
123,285
---------
-------
-------
---------
7. Debtors
2023
2022
£
£
Other debtors
100,724
106,068
---------
---------
8. Creditors: Amounts falling due within one year
2023
2022
£
£
Bank loans
37,852
37,869
Trade creditors
8,598
7,434
Social security and other taxes
32,080
23,044
Other creditors
55,802
53,566
---------
---------
134,332
121,913
---------
---------
Included within creditors falling due within one year is an amount of £11,313 (2022: £11,313) which is secured by the company.
9. Creditors: Amounts falling due after more than one year
2023
2022
£
£
Bank loans
88,764
126,927
Other creditors
14,794
---------
---------
103,558
126,927
---------
---------
Included within creditors falling due after more than one year is an amount of £4,713 (2022: £16,026) which is secured by the company.
10. Operating leases
The total future minimum lease payments under non-cancellable operating leases are as follows:
2023
2022
£
£
Not later than 1 year
60,667
24,500
Later than 1 year and not later than 5 years
228,208
135,875
Later than 5 years
16,500
---------
---------
305,375
160,375
---------
---------