I-CHAI EXPRESS LTD

Company Registration Number:
14581091 (England and Wales)

Unaudited abridged accounts for the year ended 30 April 2024

Period of accounts

Start date: 10 January 2023

End date: 30 April 2024

I-CHAI EXPRESS LTD

Contents of the Financial Statements

for the Period Ended 30 April 2024

Balance sheet
Notes

I-CHAI EXPRESS LTD

Balance sheet

As at 30 April 2024


Notes

16 months to 30 April 2024


£
Fixed assets
Tangible assets: 3 56,763
Total fixed assets: 56,763
Current assets
Stocks: 4,500
Debtors:   53,000
Cash at bank and in hand: 63,704
Total current assets: 121,204
Creditors: amounts falling due within one year: 4 (56,179)
Net current assets (liabilities): 65,025
Total assets less current liabilities: 121,788
Creditors: amounts falling due after more than one year: 5 (11,386)
Total net assets (liabilities): 110,402
Capital and reserves
Called up share capital: 100
Profit and loss account: 110,302
Shareholders funds: 110,402

The notes form part of these financial statements

I-CHAI EXPRESS LTD

Balance sheet statements

For the year ending 30 April 2024 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 10 September 2024
and signed on behalf of the board by:

Name: Mr Chow Yong Wong
Status: Director

The notes form part of these financial statements

I-CHAI EXPRESS LTD

Notes to the Financial Statements

for the Period Ended 30 April 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

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 sale of goods is recognised when the significant risks and rewards of ownership have transferred to buyer, usually on despatch of 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.

Tangible fixed assets and depreciation policy

Depreciation is provided at the rates calculated to write off the cost less residual value of each asset over its expected useful life as follows: Motor vehicles --- 25% reducing balance Fixtures, fittings & equipment -25% reducing balance

I-CHAI EXPRESS LTD

Notes to the Financial Statements

for the Period Ended 30 April 2024

2. Employees

16 months to 30 April 2024
Average number of employees during the period 15

I-CHAI EXPRESS LTD

Notes to the Financial Statements

for the Period Ended 30 April 2024

3. Tangible Assets

Total
Cost £
Additions 74,683
At 30 April 2024 74,683
Depreciation
Charge for year 17,920
At 30 April 2024 17,920
Net book value
At 30 April 2024 56,763

I-CHAI EXPRESS LTD

Notes to the Financial Statements

for the Period Ended 30 April 2024

4. Creditors: amounts falling due within one year note

Corporation tax 16443 Other tax 12890 VAT 26846

I-CHAI EXPRESS LTD

Notes to the Financial Statements

for the Period Ended 30 April 2024

5. Creditors: amounts falling due after more than one year note

Other creditors 11386