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Company Registration No. 03887204 (England and Wales)
C. H. LIM & ASSOCIATES LTD Unaudited accounts for the year ended 31 January 2024
C. H. LIM & ASSOCIATES LTD Unaudited accounts Contents
Page
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C. H. LIM & ASSOCIATES LTD Company Information for the year ended 31 January 2024
Directors
Dr Chye Hin Lim Katherine Lim
Company Number
03887204 (England and Wales)
Registered Office
8 PINNER VIEW HARROW MIDDLESEX HA1 4QA GB
Accountants
A J Shah and Company 8 Pinner View Harrow Middlesex HA1 4QA
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Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of C. H. LIM & ASSOCIATES LTD for the year ended 31 January 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of C. H. LIM & ASSOCIATES LTD for the year ended 31 January 2024 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
This report is made solely to the Board of Directors of C. H. LIM & ASSOCIATES LTD, as a body, in accordance with the terms of our engagement letter dated 27 June 2024. Our work has been undertaken solely to prepare for your approval the accounts of C. H. LIM & ASSOCIATES LTD and state those matters that we have agreed to state to the Board of Directors of C. H. LIM & ASSOCIATES LTD, as a body, in this report in accordance with AAF 07/16 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than C. H. LIM & ASSOCIATES LTD and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that C. H. LIM & ASSOCIATES 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 of C. H. LIM & ASSOCIATES LTD. You consider that C. H. LIM & ASSOCIATES 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 C. H. LIM & ASSOCIATES 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 statutory accounts.
A J Shah and Company Chartered Accountants 8 Pinner View Harrow Middlesex HA1 4QA 15 September 2024
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C. H. LIM & ASSOCIATES LTD Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
76,892 
76,857 
Investments
439,265 
423,214 
516,157 
500,071 
Current assets
Inventories
6,425 
6,045 
Debtors
90,056 
110,329 
Cash at bank and in hand
521,399 
468,136 
617,880 
584,510 
Creditors: amounts falling due within one year
(60,404)
(54,497)
Net current assets
557,476 
530,013 
Total assets less current liabilities
1,073,633 
1,030,084 
Creditors: amounts falling due after more than one year
(373)
(380)
Net assets
1,073,260 
1,029,704 
Capital and reserves
Called up share capital
9 
9 
Profit and loss account
1,073,251 
1,029,695 
Shareholders' funds
1,073,260 
1,029,704 
For the year ending 31 January 2024 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 15 September 2024 and were signed on its behalf by
Dr Chye Hin Lim Director Company Registration No. 03887204
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C. H. LIM & ASSOCIATES LTD Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
C. H. LIM & ASSOCIATES LTD is a private company, limited by shares, registered in England and Wales, registration number 03887204. The registered office is 8 PINNER VIEW, HARROW, MIDDLESEX, HA1 4QA, GB.
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
10% per annum on straight line basis
4
Tangible fixed assets
Land & buildings 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 February 2023
129,541 
161,542 
291,083 
Additions
- 
185 
185 
At 31 January 2024
129,541 
161,727 
291,268 
Depreciation
At 1 February 2023
68,087 
146,139 
214,226 
Charge for the year
- 
150 
150 
At 31 January 2024
68,087 
146,289 
214,376 
Net book value
At 31 January 2024
61,454 
15,438 
76,892 
At 31 January 2023
61,454 
15,403 
76,857 
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C. H. LIM & ASSOCIATES LTD Notes to the Accounts for the year ended 31 January 2024
5
Investments
Other investments 
£ 
Valuation at 1 February 2023
423,214 
Additions
16,051 
Valuation at 31 January 2024
439,265 
Investments Are At cost
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
192 
31 
Trade debtors
79,998 
101,125 
Other debtors
9,866 
9,173 
90,056 
110,329 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
1,911 
- 
Trade creditors
16,456 
5,227 
Taxes and social security
18,328 
24,859 
Loans from directors
588 
27 
Accruals
23,121 
24,384 
60,404 
54,497 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Other creditors
373 
380 
9
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Dr Chye Hin Lim
Loan from Director
176 
412 
- 
588 
176 
412 
- 
588 
10
Controlling party
Controlling party is Dr Chye Lim
11
Average number of employees
During the year the average number of employees was 7 (2023: 10).
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