Registered number
08593233
Chaika Events Limited
Report and Accounts
31 May 2024
Chaika Events Limited
Report and accounts
Contents
Page
Company information 1
Directors' report 2
Accountants' report 3
Profit and loss account 4
Balance sheet 5
Notes to the accounts 6-8
Chaika Events Limited
Company Information
Directors
Olga Bury
Elena Moiseeva
Accountants
Simple Accounting Limited
95 Bridge Lanes
Hebden Bridge
United KIngdom
HX7 6AT
Registered office
53 North Crofts Sydenham Hill
London
England
SE23 3PS
Registered number
08593233
Chaika Events Limited
Registered number: 08593233
Directors' Report
The directors present their report and accounts for the year ended 31 May 2024.
Principal activities
The company's principal activity during the year was other services activities.
Directors
The following persons served as directors during the year:
Olga Bury
Elena Moiseeva
Small company provisions
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
This report was approved by the board on 10 February 2025 and signed on its behalf.
Olga Bury
Director
Chaika Events Limited
Accountants' Report
Accountants' report to the directors of
Chaika Events Limited
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Chaika Events Limited for the year ended 31 May 2024 set out on pages 4 to 8 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 Management Accountants (CIMA), we are subject to its ethical and other professional requirements which are detailed at cima.com. This report is made solely to the Board of Directors of Chaika Events Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Chaika Events Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with the requirements of the Association of Chartered Management Accountants as detailed at cima.com. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Chaika Events Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Chaika Events 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 Chaika Events Limited. You consider that Chaika Events 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 Chaika Events 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.
Mark R Hill BSc (Econ) Dip ACMA
Simple Accounting Limited
Chartered Management Accountants
95 Bridge Lanes
Hebden Bridge
United KIngdom
HX7 6AT
10 February 2025
Chaika Events Limited
Profit and Loss Account
for the year ended 31 May 2024
2024 2023
£ £
Turnover 1,439,878 801,544
Cost of sales (954,526) (388,028)
Gross profit 485,352 413,516
Administrative expenses (424,648) (324,043)
Depreciation and other amounts written off assets (24,718) (568)
Other operating income 634 3,300
Operating profit 36,620 92,205
Interest receivable 90 -
Interest payable - (5,913)
Profit before taxation 36,710 86,292
Tax on profit (13,811) (16,732)
Profit for the financial year 22,899 69,560
Retained earnings as at 1 June 2023 103,593 95,381
Dividends (86,500) (61,348)
Retained earnings as at 31 May 2024 39,992 103,593
Chaika Events Limited
Registered number: 08593233
Balance Sheet
as at 31 May 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 27,928 49,438
27,928 49,438
Current assets
Debtors 4 83,094 58,066
Cash at bank and in hand 165,995 156,360
249,089 214,426
Creditors: amounts falling due within one year 5 (194,876) (110,352)
Net current assets 54,213 104,074
Total assets less current liabilities 82,141 153,512
Creditors: amounts falling due after more than one year 6 (42,049) (49,819)
Net assets 40,092 103,693
Capital and reserves
Called up share capital 100 100
Profit and loss account 39,992 103,593
Shareholders' funds 40,092 103,693
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime.
Olga Bury
Director
Approved by the board on 10 February 2025
Chaika Events Limited
Notes to the Accounts
for the year ended 31 May 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.
Tangible fixed assets
Assets are depreciated at rates calculated to write off the cost less residual value over expected useful life using the Reducing Balance Method (RBM).
Asset class depreciation method and rate :
Computer equipment 50% RBM
Office and events equipment 50% RBM
Motor vehicle 50% RBM
Nil first-year depreciation
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 5 7
Staff costs 2024 2023
£ £
Wages and NI contributions 187806 160897
Employer's pension contributions 35009 19911
222815 180808
3 Tangible fixed assets
Computer equipment Office and events equipment Motor vehicles Total
£ £ £ £
Cost
At 1 June 2023 2,885 11,504 44,100 58,489
Additions 3,208 - - 3,208
Disposals - - - -
At 31 May 2024 6,093 11,504 44,100 61,697
Depreciation
At 1 June 2023 2,152 6,899 - 9,051
Charge for the year 366 2,302 22,050 24,718
On disposals - - - -
At 31 May 2024 2,518 9,201 22,050 31,251
Net book value
At 31 May 2024 3,575 2,303 22,050 27,928
At 31 May 2023 733 4,605 44,100 49,438
4 Debtors 2024 2023
£ £
Trade debtors 50,769 54,658
Prepayments and accrued income 330 662
Director's current account 31,864 2,746
Other debtors 131 -
83,094 58,066
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 58,320 53,000
Taxation and social security costs 102,651 51,829
Other creditors 33,905 5,523
194,876 110,352
6 Creditors: amounts falling due after one year 2024 2023
£ £
Obligations under finance lease and hire purchase contracts 40,753 49,819
Director's loan account 28 -
Other creditors 1,268 -
42,049 49,819
7 Controlling party
The ultimate controlling party is Olga Bury.
8 Other information
Chaika Events Limited is a private company limited by shares and incorporated in England. Its registered office is:
53 North Crofts Sydenham Hill
London
England
SE23 3PS
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