Company registration number 08290124 (England and Wales)
CHIKUM LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 27 NOVEMBER 2023
PAGES FOR FILING WITH REGISTRAR
CHIKUM LIMITED
COMPANY INFORMATION
Director
Dr M Chikungwa
Company number
08290124
Registered office
11 The Willows
Yarnfield
Stone
Staffordshire
ST15 0TD
Accountants
Dains Accountants Limited
Suite 2, Albion House
2 Etruria Office Village
Forge Lane
Stoke on Trent
Staffordshire
ST1 5RQ
CHIKUM LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
CHIKUM LIMITED
BALANCE SHEET
AS AT 27 NOVEMBER 2023
27 November 2023
- 1 -
2023
2022
Notes
£
£
£
£
Current assets
Cash at bank and in hand
228,175
207,082
Creditors: amounts falling due within one year
4
(14,540)
(25,627)
Net current assets
213,635
181,455
Capital and reserves
Called up share capital
4
4
Profit and loss reserves
213,631
181,451
Total equity
213,635
181,455

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 27 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved and signed by the director and authorised for issue on 28 August 2024
Dr M Chikungwa
Director
Company registration number 08290124 (England and Wales)
CHIKUM LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 27 NOVEMBER 2023
- 2 -
1
Accounting policies
Company information

Chikum Limited is a private company limited by shares incorporated in England and Wales. The registered office is 11 The Willows, Yarnfield, Stone, Staffordshire, ST15 0TD.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

 

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Computers
33% on cost
1.4
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and 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. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

1.5
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.6
Leases
CHIKUM LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 27 NOVEMBER 2023
1
Accounting policies
(Continued)
- 3 -

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
2
3
3
Tangible fixed assets
Computers
£
Cost
At 28 November 2022 and 27 November 2023
6,005
Depreciation and impairment
At 28 November 2022 and 27 November 2023
6,005
Carrying amount
At 27 November 2023
-
0
At 27 November 2022
-
0
4
Creditors: amounts falling due within one year
2023
2022
£
£
Taxation and social security
12,243
20,454
Other creditors
2,297
5,173
14,540
25,627
5
Operating lease commitments
Lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2023
2022
£
£
5,503
13,758
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