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Company Registration No. SC543188 (Scotland)
Chartroom Limited Unaudited accounts for the year ended 31 August 2023
Chartroom Limited Unaudited accounts Contents
Page
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Chartroom Limited Company Information for the year ended 31 August 2023
Director
Edward Anthony Cadden
Company Number
SC543188 (Scotland)
Registered Office
6th Floor Gordon Chambers 90 Mitchell Street Glasgow G1 3NQ United Kingdom
Accountants
Clarity Accounting (Scotland) Ltd 20 - 23 Woodside Place Glasgow G3 7QL
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Chartroom Limited Statement of financial position as at 31 August 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
- 
1,145 
Current assets
Debtors
3,204 
3,762 
Cash at bank and in hand
(10,066)
- 
(6,862)
3,762 
Creditors: amounts falling due within one year
(38,890)
(55,636)
Net current liabilities
(45,752)
(51,874)
Net liabilities
(45,752)
(50,729)
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
(45,754)
(50,731)
Shareholders' funds
(45,752)
(50,729)
For the year ending 31 August 2023 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 21 August 2024 and were signed on its behalf by
Edward Anthony Cadden Director Company Registration No. SC543188
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Chartroom Limited Notes to the Accounts for the year ended 31 August 2023
1
Statutory information
Chartroom Limited is a private company, limited by shares, registered in Scotland, registration number SC543188. The registered office is 6th Floor Gordon Chambers, 90 Mitchell Street, Glasgow, G1 3NQ, United Kingdom.
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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 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:
Fixtures & fittings
20% on a straight line basis
Computer equipment
33% on a straight line basis
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Chartroom Limited Notes to the Accounts for the year ended 31 August 2023
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 September 2022
356 
4,168 
4,524 
At 31 August 2023
356 
4,168 
4,524 
Depreciation
At 1 September 2022
335 
3,044 
3,379 
Charge for the year
21 
1,124 
1,145 
At 31 August 2023
356 
4,168 
4,524 
Net book value
At 31 August 2023
- 
- 
- 
At 31 August 2022
21 
1,124 
1,145 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
3,204 
- 
Other debtors
- 
3,762 
3,204 
3,762 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
44,531 
51,076 
VAT
(3,932)
(2,594)
Amounts owed to group undertakings and other participating interests
(3,471)
2,071 
Taxes and social security
- 
3,658 
Loans from directors
337 
- 
Accruals
1,425 
1,425 
38,890 
55,636 
7
Average number of employees
During the year the average number of employees was 0 (2022: 1).
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