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Registered number: 12350425
Chutify Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2023
March Mutual Ltd
F25 Waterfront Studios
1 Dock Road
London
E16 1AH
Contents
Page
Accountants' Report 1
Balance Sheet 2—3
Notes to the Financial Statements 4—5
Page 1
Accountants' Report
Report to the director on the preparation of the unaudited statutory accounts of Chutify Ltd For The Year Ended 31 December 2023
To assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Chutify Ltd which comprise the Profit and Loss Account, the Balance Sheet and the related notes, from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.
This report is made to the director of Chutify Ltd , as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Chutify Ltd and state those matters that we have agreed to state to the director of Chutify Ltd , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Chutify Ltd and its director as a body for our work or for this report.
It is your duty to ensure that Chutify Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Chutify Ltd . You consider that Chutify Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Chutify Ltd . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Signed
26 August 2024
March Mutual Ltd
F25 Waterfront Studios
1 Dock Road
London
E16 1AH
Page 1
Page 2
Balance Sheet
Registered number: 12350425
2023 2022
Notes £ £ £ £
FIXED ASSETS
CURRENT ASSETS
Cash at bank and in hand 3,154 11,581
3,154 11,581
Creditors: Amounts Falling Due Within One Year 4 (5,400 ) (3,965 )
NET CURRENT ASSETS (LIABILITIES) (2,246 ) 7,616
TOTAL ASSETS LESS CURRENT LIABILITIES (2,246 ) 7,616
Creditors: Amounts Falling Due After More Than One Year 5 (16,822 ) (22,912 )
NET LIABILITIES (19,068 ) (15,296 )
CAPITAL AND RESERVES
Called up share capital 6 2 2
Profit and Loss Account (19,070 ) (15,298 )
SHAREHOLDERS' FUNDS (19,068) (15,296)
Page 2
Page 3
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 member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Chia-Wei Hsu
Director
26 August 2024
The notes on pages 4 to 5 form part of these financial statements.
Page 3
Page 4
Notes to the Financial Statements
1. Accounting Policies
1.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
1.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
1.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Computer Equipment 33% Straight Line
1.4. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2022: NIL)
- -
3. Tangible Assets
Computer Equipment
£
Cost
As at 1 January 2023 552
As at 31 December 2023 552
Depreciation
As at 1 January 2023 552
As at 31 December 2023 552
Net Book Value
As at 31 December 2023 -
As at 1 January 2023 -
Page 4
Page 5
4. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Accruals and deferred income 900 900
Director's loan account 4,500 3,065
5,400 3,965
5. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Others Loans 16,822 22,912
6. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 2 2
Page 5