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
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
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
C. H. LIM & ASSOCIATES LTD
Statement of financial position
as at 31 January 2024
Tangible assets
76,892
76,857
Investments
439,265
423,214
Cash at bank and in hand
521,399
468,136
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
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
C. H. LIM & ASSOCIATES LTD
Notes to the Accounts
for the year ended 31 January 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
At 31 January 2024
129,541
161,727
291,268
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
At 31 January 2024
61,454
15,438
76,892
At 31 January 2023
61,454
15,403
76,857
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
Valuation at 31 January 2024
439,265
Amounts falling due within one year
Trade debtors
79,998
101,125
7
Creditors: amounts falling due within one year
2024
2023
Trade creditors
16,456
5,227
Taxes and social security
18,328
24,859
Loans from directors
588
27
8
Creditors: amounts falling due after more than one year
2024
2023
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Loan from Director
176
412
-
588
Controlling party is Dr Chye Lim
11
Average number of employees
During the year the average number of employees was 7 (2023: 10).