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REGISTERED NUMBER: 06796228 (England and Wales)








REPORT OF THE DIRECTOR AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 APRIL 2024

FOR

CHEAPINK LIMITED

CHEAPINK LIMITED (REGISTERED NUMBER: 06796228)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 29 April 2024




Page

Company Information 1

Report of the Director 2

Balance Sheet 3 to 4

Notes to the Financial Statements 5 to 7


CHEAPINK LIMITED

COMPANY INFORMATION
for the Year Ended 29 April 2024







DIRECTOR: Mr C Kilgour





REGISTERED OFFICE: Britannic House
657 Liverpool Road
Irlam
Manchester
M44 5XD





BUSINESS ADDRESS: High Winds House
Tanners Croft
Ramsbottom
Lancashire
BL0 9EY





REGISTERED NUMBER: 06796228 (England and Wales)





ACCOUNTANTS: Cadishead Accountancy Services Limited
Britannic House
657 Liverpool Road
Irlam
Manchester
Lancashire
M44 5XD

CHEAPINK LIMITED (REGISTERED NUMBER: 06796228)

REPORT OF THE DIRECTOR
for the Year Ended 29 April 2024

The director presents his report with the financial statements of the company for the year ended 29 April 2024.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of a holding company.

DIRECTOR
Mr C Kilgour held office during the whole of the period from 30 April 2023 to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





Mr C Kilgour - Director


29 January 2025

CHEAPINK LIMITED (REGISTERED NUMBER: 06796228)

BALANCE SHEET
29 April 2024

29.4.24 29.4.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 53 71

CURRENT ASSETS
Debtors 5 65,288 114,596
Cash at bank 765 -
66,053 114,596
CREDITORS
Amounts falling due within one year 6 (56,289 ) (114,789 )
NET CURRENT ASSETS/(LIABILITIES) 9,764 (193 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

9,817

(122

)

CREDITORS
Amounts falling due after more than one
year

7

(9,748

)

(14,748

)
NET ASSETS/(LIABILITIES) 69 (14,870 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 67 (14,872 )
SHAREHOLDERS' FUNDS 69 (14,870 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

CHEAPINK LIMITED (REGISTERED NUMBER: 06796228)

BALANCE SHEET - continued
29 April 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 January 2025 and were signed by:





Mr C Kilgour - Director


CHEAPINK LIMITED (REGISTERED NUMBER: 06796228)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 29 April 2024

1. STATUTORY INFORMATION

Cheapink 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.

2. ACCOUNTING POLICIES

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

3. EMPLOYEES AND DIRECTORS

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

CHEAPINK LIMITED (REGISTERED NUMBER: 06796228)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 29 April 2024

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 30 April 2023
and 29 April 2024 2,371
DEPRECIATION
At 30 April 2023 2,300
Charge for year 18
At 29 April 2024 2,318
NET BOOK VALUE
At 29 April 2024 53
At 29 April 2023 71

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.4.24 29.4.23
£    £   
Other debtors 65,288 114,596

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.4.24 29.4.23
£    £   
Bank loans and overdrafts 6,598 8,113
Trade creditors 1,057 1,057
Amounts owed to group undertakings 47,578 104,562
Other creditors 1,056 1,057
56,289 114,789

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29.4.24 29.4.23
£    £   
Bank loans 9,748 14,748

8. SECURED DEBTS

The following secured debts are included within creditors:

29.4.24 29.4.23
£    £   
Bank loans 16,346 22,861

CHEAPINK LIMITED (REGISTERED NUMBER: 06796228)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 29 April 2024

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 29 April 2024 and the period ended 29 April 2023:

29.4.24 29.4.23
£    £   
Mr C Kilgour
Balance outstanding at start of year - -
Amounts advanced 33,141 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 33,141 -

Interest was charged at 6% on the outstanding balance with the directors, the loan was repaid within 9 months of the year end.

10. ULTIMATE CONTROLLING PARTY

The controlling party is Mr C Kilgour.