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REGISTERED NUMBER: 05303374 (England and Wales)









Unaudited Financial Statements

for the Year Ended 31 December 2023

for

MANI CHACKO & CO. LTD

MANI CHACKO & CO. LTD (REGISTERED NUMBER: 05303374)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MANI CHACKO & CO. LTD

Company Information
for the Year Ended 31 December 2023







DIRECTOR: M Chacko





SECRETARY: Dr S M Chacko





REGISTERED OFFICE: 3 Ballards Rise
South Croydon
Surrey
CR2 7JT





REGISTERED NUMBER: 05303374 (England and Wales)





ACCOUNTANTS: Roy Joseph & Company Limited
Chartered Accountants
19 Bradmore Green
Brookmans Park
Hertfordshire
AL9 7QR

MANI CHACKO & CO. LTD (REGISTERED NUMBER: 05303374)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1 1
Tangible assets 5 10 374
11 375

CURRENT ASSETS
Debtors 6 40,846 57,205
Cash at bank 73,496 98,975
114,342 156,180
CREDITORS
Amounts falling due within one year 7 36,152 45,567
NET CURRENT ASSETS 78,190 110,613
TOTAL ASSETS LESS CURRENT
LIABILITIES

78,201

110,988

CREDITORS
Amounts falling due after more than one
year

8

29,077

33,923
NET ASSETS 49,124 77,065

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 49,024 76,965
SHAREHOLDERS' FUNDS 49,124 77,065

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

MANI CHACKO & CO. LTD (REGISTERED NUMBER: 05303374)

Balance Sheet - continued
31 December 2023


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 5 September 2024 and were signed by:





M Chacko - Director


MANI CHACKO & CO. LTD (REGISTERED NUMBER: 05303374)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Mani Chacko & Co. Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Fee income represents gross fee income inclusive of value added tax and reduced by any value added tax liability thereon. Turnover is adjusted for the net movement in amounts recoverable on contracts. Amounts recoverable on contracts is valued in accordance with the rules applicable for 'Revenue Recognition and Service Contract' (UTIF40). The element relating to current assets is included in the trade debtors.

Goodwill
Goodwill acquired is capitalised and is being amortised over its useful life of 15 years. The director considers that as a fair reflection of the goodwill.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


MANI CHACKO & CO. LTD (REGISTERED NUMBER: 05303374)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution scheme for the benefit of the employees. Contributions payable are recognised in the profit and loss account when paid.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 101,482
AMORTISATION
At 1 January 2023
and 31 December 2023 101,481
NET BOOK VALUE
At 31 December 2023 1
At 31 December 2022 1

MANI CHACKO & CO. LTD (REGISTERED NUMBER: 05303374)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023
and 31 December 2023 4,178
DEPRECIATION
At 1 January 2023 3,804
Charge for year 364
At 31 December 2023 4,168
NET BOOK VALUE
At 31 December 2023 10
At 31 December 2022 374

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 38,713 48,051
Other debtors 2,133 9,154
40,846 57,205

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 4,846 4,846
Trade creditors 1,301 8,071
Taxation and social security 22,834 28,501
Other creditors 7,171 4,149
36,152 45,567

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans 29,077 33,923

The bank loan is unsecured and is under the Bounce Back Loan scheme. The loan bears interest at 2.5% per annum and is repayable in instalments over 9 years commencing January 2022. The amount payable within a year is £4,846 (2022- £4,846).