Registered number
13875714
Cheongdam Ltd
Filleted Accounts
31 January 2024
Cheongdam Ltd
Registered number: 13875714
Balance Sheet
as at 31 January 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 1,571 2,095
Current assets
Stocks 4,260 4,133
Debtors 4 13,236 17,799
Cash at bank and in hand 19,050 29,404
36,546 51,336
Creditors: amounts falling due within one year 5 (23,779) (27,374)
Net current assets 12,767 23,962
Net assets 14,338 26,057
Capital and reserves
Called up share capital 100 100
Profit and loss account 14,238 25,957
Shareholders' funds 14,338 26,057
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
J H Noh
Director
Approved by the board on 1 August 2024
Cheongdam Ltd
Notes to the Accounts
for the year ended 31 January 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 10 10
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 February 2023 2,793
At 31 January 2024 2,793
Depreciation
At 1 February 2023 698
Charge for the year 524
At 31 January 2024 1,222
Net book value
At 31 January 2024 1,571
At 31 January 2023 2,095
4 Debtors 2024 2023
£ £
Trade debtors 6,569 6,574
Other debtors 6,667 11,225
13,236 17,799
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors - 1,989
Taxation and social security costs 189 5,551
Other creditors 23,590 19,834
23,779 27,374
6 Other information
Cheongdam Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Suite 41, Chessington Business Centre
37 Cox Lane
Chessington
Surrey
KT9 1SD
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