3 false false true false false false false false false false true false false true false true true No description of principal activity 2023-10-01 Sage Accounts Production Advanced 2023 - FRS102_2023 90,246 79,503 2,778 2,777 1 2,777 2,776 1 1 xbrli:pure xbrli:shares iso4217:GBP 04408567 2023-10-01 2024-09-30 04408567 2024-09-30 04408567 2023-09-30 04408567 2022-10-01 2023-09-30 04408567 2023-09-30 04408567 2022-09-30 04408567 core:FurnitureFittings 2023-10-01 2024-09-30 04408567 bus:RegisteredOffice 2023-10-01 2024-09-30 04408567 bus:Director1 2023-10-01 2024-09-30 04408567 bus:Director2 2023-10-01 2024-09-30 04408567 core:WithinOneYear 2024-09-30 04408567 core:WithinOneYear 2023-09-30 04408567 core:FurnitureFittings 2023-09-30 04408567 core:FurnitureFittings 2024-09-30 04408567 core:AfterOneYear 2024-09-30 04408567 core:AfterOneYear 2023-09-30 04408567 core:RetainedEarningsAccumulatedLosses 2023-10-01 2024-09-30 04408567 core:RetainedEarningsAccumulatedLosses 2022-10-01 2023-09-30 04408567 bus:AllOrdinaryShares 2023-10-01 2024-09-30 04408567 bus:AllOrdinaryShares 2022-10-01 2023-09-30 04408567 core:RetainedEarningsAccumulatedLosses 2023-09-30 04408567 core:RetainedEarningsAccumulatedLosses 2022-09-30 04408567 core:RetainedEarningsAccumulatedLosses 2024-09-30 04408567 core:RetainedEarningsAccumulatedLosses 2023-09-30 04408567 core:ShareCapital 2024-09-30 04408567 core:ShareCapital 2023-09-30 04408567 core:FurnitureFittings 2023-09-30 04408567 bus:SmallEntities 2023-10-01 2024-09-30 04408567 bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 04408567 bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 04408567 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 04408567 bus:FullAccounts 2023-10-01 2024-09-30 04408567 1 2023-10-01 2024-09-30
COMPANY REGISTRATION NUMBER: 04408567
K. CHEAH LIMITED
Unaudited Financial Statements
30 September 2024
K. CHEAH LIMITED
Financial Statements
Year ended 30 September 2024
Contents
Page
Directors' report
1
Statement of income and retained earnings
2
Statement of financial position
3
Notes to the financial statements
5
K. CHEAH LIMITED
Directors' Report
Year ended 30 September 2024
The directors present their report and the unaudited financial statements of the company for the year ended 30 September 2024 .
Directors
The directors who served the company during the year were as follows:
K Cheah
J Jabel
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
This report was approved by the board of directors on 22 April 2025 and signed on behalf of the board by:
K Cheah
Director
Registered office:
c/o The Accounting Centre Ltd
First Floor
736 High Road
North Finchley
London
N12 9QD
K. CHEAH LIMITED
Statement of Income and Retained Earnings
Year ended 30 September 2024
2024
2023
Note
£
£
Turnover
160,243
159,683
---------
---------
Gross profit
160,243
159,683
Administrative expenses
42,562
59,092
---------
---------
Operating profit
117,681
100,591
---------
---------
Profit before taxation
117,681
100,591
Tax on profit
27,435
21,088
---------
---------
Profit for the financial year and total comprehensive income
90,246
79,503
---------
---------
Dividends paid and payable
6
( 18,000)
( 7,500)
Retained earnings/(losses) at the start of the year
26,913
( 45,090)
--------
--------
Retained earnings at the end of the year
99,159
26,913
--------
--------
All the activities of the company are from continuing operations.
K. CHEAH LIMITED
Statement of Financial Position
30 September 2024
2024
2023
Note
£
£
£
Fixed assets
Tangible assets
7
1
Current assets
Debtors
8
7,798
11,254
Cash at bank and in hand
219,969
185,640
---------
---------
227,767
196,894
Creditors: amounts falling due within one year
9
38,609
29,982
---------
---------
Net current assets
189,158
166,912
---------
---------
Total assets less current liabilities
189,158
166,913
Creditors: amounts falling due after more than one year
10
89,899
139,900
---------
---------
Net assets
99,259
27,013
---------
---------
Capital and reserves
Called up share capital
100
100
Profit and loss account
11
99,159
26,913
--------
--------
Shareholders funds
99,259
27,013
--------
--------
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
For the year ending 30 September 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 financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
K. CHEAH LIMITED
Statement of Financial Position (continued)
30 September 2024
These financial statements were approved by the board of directors and authorised for issue on 22 April 2025 , and are signed on behalf of the board by:
K Cheah
Director
Company registration number: 04408567
K. CHEAH LIMITED
Notes to the Financial Statements
Year ended 30 September 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is c/o The Accounting Centre Ltd, First Floor, 736 High Road, North Finchley, London, N12 9QD.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Pension costs
The company operates a defined contribution pension scheme. Contributions payable for the year are charged in the profit and loss account.
Fixed assets investments
Investment held as fixed assets are stated at cost, together with subsequent capital contributions, less any provisions for impairment. Investments are reviewed for impairment if events or changes in circumstances indicate that the carrying amount may not be recoverable. Impairments are calculated such that the carrying value of the fixed asset investment is lower of its cost or recoverable amount. Recoverable amount is the higher of its net realisable value and its value in use.
Revenue recognition
Turnover represents the total amount receivable in the ordinary course of business for services provided exclusive of value added tax.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures & Fittings
-
25% straight line
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 3 (2023: 3 ).
5. Directors' remuneration
The directors' aggregate remuneration in respect of qualifying services was:
2024
2023
£
£
Remuneration
10,500
----
--------
6. Dividends
2024
2023
£
£
Dividends paid during the year (excluding those for which a liability existed at the end of the prior year )
18,000
7,500
--------
-------
7. Tangible assets
Fixtures and fittings
Total
£
£
Cost
At 1 October 2023
2,778
2,778
Disposals
( 2,777)
( 2,777)
-------
-------
At 30 September 2024
1
1
-------
-------
Depreciation
At 1 October 2023
2,777
2,777
Disposals
( 2,776)
( 2,776)
-------
-------
At 30 September 2024
1
1
-------
-------
Carrying amount
At 30 September 2024
-------
-------
At 30 September 2023
1
1
-------
-------
8. Debtors
2024
2023
£
£
Trade debtors
7,798
11,254
-------
--------
9. Creditors: amounts falling due within one year
2024
2023
£
£
Accruals and deferred income
1,639
1,473
Corporation tax
27,435
21,088
Social security and other taxes
312
260
Director loan accounts
9,223
7,161
--------
--------
38,609
29,982
--------
--------
10. Creditors: amounts falling due after more than one year
2024
2023
£
£
Other Loans
89,899
139,900
--------
---------
11. Reserves
Profit and loss account - This reserve records retained earnings and accumulated losses.
12. Directors' advances, credits and guarantees
Directors loan accounts balance has been shown within note 9.
13. Controlling party
The company was under the control of its directors throughout the year.