FLAG CHARLIE LIMITED

Company Registration Number:
11282487 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2024

Period of accounts

Start date: 01 April 2023

End date: 31 March 2024

FLAG CHARLIE LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2024

Balance sheet
Notes

FLAG CHARLIE LIMITED

Balance sheet

As at 31 March 2024


Notes

2024

2023


£

£
Fixed assets
Tangible assets: 3 7,331 5,900
Total fixed assets: 7,331 5,900
Current assets
Debtors: 4 58,814 48,509
Cash at bank and in hand: 18,031 104,338
Total current assets: 76,845 152,847
Creditors: amounts falling due within one year: 5 (3,691) (21,839)
Net current assets (liabilities): 73,154 131,008
Total assets less current liabilities: 80,485 136,908
Provision for liabilities: (1,392) (1,170)
Total net assets (liabilities): 79,093 135,738
Capital and reserves
Called up share capital: 1 1
Profit and loss account: 79,092 135,737
Shareholders funds: 79,093 135,738

The notes form part of these financial statements

FLAG CHARLIE LIMITED

Balance sheet statements

For the year ending 31 March 2024 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 31 December 2024
and signed on behalf of the board by:

Name: Sir G Zambellas
Status: Director

The notes form part of these financial statements

FLAG CHARLIE LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of consideration received and receivable in respect of services supplied in the year, net of discounts and any value added tax.

Tangible fixed assets and depreciation policy

Tangible fixed assets are stated in the balance sheet at cost less accumulated depreciation. Depreciation is provided to write off the cost of each asset over its estimated useful life at the rate of 25% per annum on the reducing balance basis.

FLAG CHARLIE LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

2. Employees

2024 2023
Average number of employees during the period 2 2

FLAG CHARLIE LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

3. Tangible Assets

Total
Cost £
At 01 April 2023 8,142
Additions 3,875
At 31 March 2024 12,017
Depreciation
At 01 April 2023 2,242
Charge for year 2,444
At 31 March 2024 4,686
Net book value
At 31 March 2024 7,331
At 31 March 2023 5,900

FLAG CHARLIE LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

4. Debtors

Debtors falling due within one year comprise the following at 31 March 2024: Trade debtors nil, and other debtors £58,814. Debtors falling due within one year at 31 March 2023 comprise: Trade debtors £14,400 and other debtors £34,109.

FLAG CHARLIE LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

5. Creditors: amounts falling due within one year note

Creditors falling due within one year at 31 March 2024 comprise: Taxation and social security £28, and other creditors £3,663. Creditors falling due within one year at 31 March 2023 comprise: Taxation and social security £19,404, and other creditors £2,435.

FLAG CHARLIE LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

6. Loans to directors

Name of director receiving advance or credit: Sir G Zambellas
Description of the loan: Advance
£
Balance at 01 April 2023 32,840
Advances or credits made: 1,133
Balance at 31 March 2024 33,973

The advance to the director is unsecured and repayable upon demand. Interest charged on the advance for the year amounted to £752 (2023: £668).