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Company Registration No. 07046668 (England and Wales)
Capital Chartered Limited Unaudited accounts for the year ended 31 December 2023
Capital Chartered Limited Unaudited accounts Contents
Page
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Capital Chartered Limited Company Information for the year ended 31 December 2023
Directors
Shahid Mehmood Umerani Declan Francis King
Company Number
07046668 (England and Wales)
Registered Office
Lu.201 The Light Bulb, 1 Filament Walk London England SW18 4GQ
Accountants
Gordons Knight Ltd 12 South Drive Banstead Surrey England SM7 3BH
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Capital Chartered Limited Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,006 
1,421 
Current assets
Debtors
10,060 
22,435 
Cash at bank and in hand
7,024 
25,268 
17,084 
47,703 
Creditors: amounts falling due within one year
(68,112)
(59,014)
Net current liabilities
(51,028)
(11,311)
Net liabilities
(50,022)
(9,890)
Capital and reserves
Called up share capital
60 
60 
Profit and loss account
(50,082)
(9,950)
Shareholders' funds
(50,022)
(9,890)
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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 of Directors and authorised for issue on 19 February 2024 and were signed on its behalf by
Declan Francis King Director Company Registration No. 07046668
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Capital Chartered Limited Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
Capital Chartered Limited is a private company, limited by shares, registered in England and Wales, registration number 07046668. The registered office is Lu.201 The Light Bulb, 1 Filament Walk, London, England, SW18 4GQ.
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
25% WDV
Motor vehicles
CLOSED
Computer equipment
33% WDV
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 January 2023
747,500 
At 31 December 2023
747,500 
Amortisation
At 1 January 2023
747,500 
At 31 December 2023
747,500 
Net book value
At 31 December 2023
- 
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Capital Chartered Limited Notes to the Accounts for the year ended 31 December 2023
5
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 January 2023
1,720 
384 
7,906 
10,010 
At 31 December 2023
1,720 
384 
7,906 
10,010 
Depreciation
At 1 January 2023
983 
384 
7,222 
8,589 
Charge for the year
184 
- 
231 
415 
At 31 December 2023
1,167 
384 
7,453 
9,004 
Net book value
At 31 December 2023
553 
- 
453 
1,006 
At 31 December 2022
737 
- 
684 
1,421 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
(197)
3,100 
Accrued income and prepayments
10,257 
16,115 
Other debtors
- 
3,220 
10,060 
22,435 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
24,167 
34,166 
VAT
7,045 
14,189 
Trade creditors
15,721 
12,026 
Taxes and social security
1,931 
334 
Other creditors
989 
384 
Loans from directors
16,850 
(4,500)
Accruals
1,409 
2,415 
68,112 
59,014 
8
Controlling party
The company's controlling party is Shahid Umerani - More than 50% but less than 75% by virtue of their ownership of the issued share capital in the company.
9
Average number of employees
During the year the average number of employees was 3 (2022: 3).
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