Charmgable Limited 01494341 false 2023-06-01 2024-05-31 2024-05-31 The principal activity of the company is dormant Digita Accounts Production Advanced 6.30.9574.0 true true 01494341 2023-06-01 2024-05-31 01494341 2024-05-31 01494341 core:CurrentFinancialInstruments 2024-05-31 01494341 core:CurrentFinancialInstruments core:WithinOneYear 2024-05-31 01494341 bus:SmallEntities 2023-06-01 2024-05-31 01494341 bus:AuditExemptWithAccountantsReport 2023-06-01 2024-05-31 01494341 bus:FilletedAccounts 2023-06-01 2024-05-31 01494341 bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 01494341 bus:RegisteredOffice 2023-06-01 2024-05-31 01494341 bus:Director1 2023-06-01 2024-05-31 01494341 bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 01494341 countries:EnglandWales 2023-06-01 2024-05-31 01494341 2022-06-01 2023-05-31 01494341 2023-05-31 01494341 core:CurrentFinancialInstruments 2023-05-31 01494341 core:CurrentFinancialInstruments core:WithinOneYear 2023-05-31 iso4217:GBP xbrli:pure

Registration number: 01494341

Prepared for the registrar

Charmgable Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 May 2024

 

Charmgable Limited

(Registration number: 01494341)
Balance Sheet as at 31 May 2024

Note

2024
£

2023
£

Current assets

 

Stocks

15,320

15,320

Creditors: Amounts falling due within one year

4

(38,257)

(36,756)

Net liabilities

 

(22,937)

(21,436)

Capital and reserves

 

Called up share capital

100

100

Retained earnings

(23,037)

(21,536)

Shareholders' deficit

 

(22,937)

(21,436)

For the financial year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 17 February 2025 and signed on its behalf by:
 


Mrs C Lewis
Director

 

Charmgable Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

 

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Windsor House
Bayshill Road
Cheltenham
Gloucestershire
GL50 3AT

 

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The presentational currency of the financial statements is Pounds Sterling, being the functional currency of the primary economic environment in which the company operates. Monetary amounts in these financial statements are rounded to the nearest Pound.

Going concern

After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

Judgements

No significant judgements have been made by management in preparing these financial statements.

Key sources of estimation uncertainty

No key sources of estimation uncertainty have been identified by management in preparing these financial statements other than those detailed in these accounting policies.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and all are repayable within one year and hence are included at the undiscounted amount of cash expected to be paid.

 

Charmgable Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2023 - 4).

 

4

Creditors

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

5

34,462

36,756

Other creditors

 

3,795

-

 

38,257

36,756

 

5

Loans and borrowings

Current loans and borrowings

2024
£

2023
£

Other borrowings

34,462

36,756

 

6

Related party transactions


Transactions with directors

At the balance sheet date, the amount due to C and R Lewis was £34,462 (2023 - £32,961) in the form of a directors' loan account. The loan is unsecured, interest free and repayable on demand.

Transaction with other related parties

At the balance sheet date, the amount due to a shareholder was £3,795 (2023 - £3,795) in the form of a shareholder's loan account. The loan is unsecured, interest free and repayable on demand.
 

 

7

Parent and ultimate parent undertaking

The ultimate controlling party is the shareholders.