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REGISTERED NUMBER: 07668809 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

Charter-A Limited

Charter-A Limited (Registered number: 07668809)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Charter-A Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: M W Benetar
M A Zaiger





REGISTERED OFFICE: Hanger One
London Redhill Aerodrome
Kingsmill Lane
Redhill
Surrey
RH1 5JY





REGISTERED NUMBER: 07668809 (England and Wales)





ACCOUNTANTS: CWF & Partners Ltd
Chartered Accountants
67 Westow Street
Upper Norwood
London
SE19 3RW

Charter-A Limited (Registered number: 07668809)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 - -
Tangible assets 6 27,588 36,784
Investments 7 1 1
27,589 36,785

CURRENT ASSETS
Debtors 8 348,135 353,381
Cash at bank 2,289,632 2,548,958
2,637,767 2,902,339
CREDITORS
Amounts falling due within one year 9 1,052,436 1,732,986
NET CURRENT ASSETS 1,585,331 1,169,353
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,612,920

1,206,138

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 1,612,820 1,206,038
SHAREHOLDERS' FUNDS 1,612,920 1,206,138

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Charter-A Limited (Registered number: 07668809)

Balance Sheet - continued
30 June 2024


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 Board of Directors and authorised for issue on 2 December 2024 and were signed on its behalf by:





M W Benetar - Director


Charter-A Limited (Registered number: 07668809)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Charter-A Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Preparation of consolidated financial statements
The financial statements contain information about Charter-A Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover
Turnover represents net invoiced sales of goods and services, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of five years.

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 - 20% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 20% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at 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.


Charter-A Limited (Registered number: 07668809)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

3. 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 pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 7 ) .

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2023
and 30 June 2024 10,000
AMORTISATION
At 1 July 2023
and 30 June 2024 10,000
NET BOOK VALUE
At 30 June 2024 -
At 30 June 2023 -

6. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 July 2023
and 30 June 2024 22,689 36,760 3,420 62,869
DEPRECIATION
At 1 July 2023 22,689 1,532 1,864 26,085
Charge for year - 8,807 389 9,196
At 30 June 2024 22,689 10,339 2,253 35,281
NET BOOK VALUE
At 30 June 2024 - 26,421 1,167 27,588
At 30 June 2023 - 35,228 1,556 36,784

Charter-A Limited (Registered number: 07668809)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

7. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 July 2023
and 30 June 2024 1
NET BOOK VALUE
At 30 June 2024 1
At 30 June 2023 1

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Charter-A Transport Services Limited
Registered office: United Kingdom
Nature of business: Transport services
%
Class of shares: holding
Ordinary 100.00
30.6.24 30.6.23
£    £   
Aggregate capital and reserves 2,693 17,289
Profit for the year 525,404 508,023

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 173,133 216,649
Other debtors 175,002 136,732
348,135 353,381

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade creditors 9,518 8,155
Amounts owed to group undertakings 173,004 141,137
Amounts owed to associates 24,000 4,000
Taxation and social security 161,677 155,573
Other creditors 684,237 1,424,121
1,052,436 1,732,986

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.24 30.6.23
value: £    £   
100 Ordinary £1 100 100

Charter-A Limited (Registered number: 07668809)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

11. RELATED PARTY DISCLOSURES

For the whole year the company was under the control of M W Benetar and M A Zaiger the directors of the company.

Included within other creditors are interest free loans from the directors M W Benetar and M A Zaiger amounting to £5,846 (2023 - £5,748) and £26,100 (2023 - £26,211) respectively. These loans are repayable on demand.