Company Registration No. 10433749 (England and Wales)
CHALK FINANCIAL LIMITED
Filleted Accounts
for the year ended 31 October 2024
CHALK FINANCIAL LIMITED
Filleted Accounts
Contents
CHALK FINANCIAL LIMITED
Company Information
for the year ended 31 October 2024
Company Number
10433749 (England and Wales)
Registered Office
20 Pickhurst Mead
Bromley
Kent
BR2 7QR
England
Accountants
SSJ Accountants Ltd
173A High Street
Beckenham
Kent
BR3 1AH
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of CHALK FINANCIAL LIMITED for the year ended 31 October 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
CHALK FINANCIAL LIMITED for the year ended
31 October 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 CHALK FINANCIAL LIMITED, as a body, in accordance with the terms of our engagement letter dated 18 November 2016. Our work has been undertaken solely to prepare for your approval the accounts of CHALK FINANCIAL LIMITED and state those matters that we have agreed to state to the Board of Directors of CHALK FINANCIAL LIMITED, 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 CHALK FINANCIAL LIMITED and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that CHALK FINANCIAL LIMITED 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 CHALK FINANCIAL LIMITED. You consider that CHALK FINANCIAL LIMITED 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 CHALK FINANCIAL LIMITED. 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.
SSJ Accountants Ltd
Chartered Accountants
173A High Street
Beckenham
Kent
BR3 1AH
12 November 2024
CHALK FINANCIAL LIMITED
Statement of financial position
as at 31 October 2024
Tangible assets
2,661
1,433
Cash at bank and in hand
70,375
39,024
Creditors: amounts falling due within one year
38,644
70,821
Net current assets
109,019
111,845
Total assets less current liabilities
111,680
113,278
Creditors: amounts falling due after more than one year
(29,035)
(33,664)
Called up share capital
1
1
Profit and loss account
82,644
79,613
Shareholders' funds
82,645
79,614
For the year ending 31 October 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 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 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 and authorised for issue on 14 November 2024 and were signed on its behalf by
L Chalk
Director
Company Registration No. 10433749
CHALK FINANCIAL LIMITED
Notes to the Accounts
for the year ended 31 October 2024
CHALK FINANCIAL LIMITED is a private company, limited by shares, registered in England and Wales, registration number 10433749. The registered office is 20 Pickhurst Mead, Bromley, Kent, BR2 7QR, England.
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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract.
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:
4
Tangible fixed assets
Plant & machinery
CHALK FINANCIAL LIMITED
Notes to the Accounts
for the year ended 31 October 2024
Amounts falling due after more than one year
Accrued income and prepayments
-
2,000
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
5,000
5,000
Taxes and social security
10,331
19,936
Loans from directors
(53,975)
(95,757)
7
Creditors: amounts falling due after more than one year
2024
2023
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).