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CHARMRACE.COM LIMITED

Registered Number
07478072
(England and Wales)

Unaudited Financial Statements for the Year ended
30 September 2024

CHARMRACE.COM LIMITED
Company Information
for the year from 1 October 2023 to 30 September 2024

Director

MICHAELIDES, Andrew

Company Secretary

PANAYIOTOU, Sotiris

Registered Address

Grove House
2 Woodberry Grove
London
N12 0DR

Registered Number

07478072 (England and Wales)
CHARMRACE.COM LIMITED
Balance Sheet as at
30 September 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets3420,912444,769
420,912444,769
Current assets
Stocks4256,440368,200
Debtors458,116302,460
Cash at bank and on hand48,22228
762,778670,688
Creditors amounts falling due within one year5(454,762)(423,267)
Net current assets (liabilities)308,016247,421
Total assets less current liabilities728,928692,190
Creditors amounts falling due after one year6(99,011)(98,508)
Net assets629,917593,682
Capital and reserves
Called up share capital101101
Profit and loss account629,816593,581
Shareholders' funds629,917593,682
The financial statements were approved and authorised for issue by the Board of Directors on 5 December 2024, and are signed on its behalf by:
MICHAELIDES, Andrew
Director
Registered Company No. 07478072
CHARMRACE.COM LIMITED
Notes to the Financial Statements
for the year ended 30 September 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Turnover policy
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.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Intangible assets
Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:
Finance leases and hire purchase contracts
Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.
Stocks and work in progress
Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
2.Average number of employees

20242023
Average number of employees during the year87
3.Tangible fixed assets

Land & buildings

Plant & machinery

Vehicles

Fixtures & fittings

Office Equipment

Total

££££££
Cost or valuation
At 01 October 23285,725287,25437,61761,88013,875686,351
At 30 September 24285,725287,25437,61761,88013,875686,351
Depreciation and impairment
At 01 October 23-159,35728,68345,0188,524241,582
Charge for year-19,1851,3402,52980323,857
At 30 September 24-178,54230,02347,5479,327265,439
Net book value
At 30 September 24285,725108,7127,59414,3334,548420,912
At 30 September 23285,725127,8978,93416,8625,351444,769
4.Stocks

2024

2023

££
Other stocks256,440368,200
Total256,440368,200
5.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables32,32121,594
Bank borrowings and overdrafts143,462125,300
Taxation and social security133,60493,177
Finance lease and HP contracts23,78823,944
Other creditors100,082137,746
Accrued liabilities and deferred income21,50521,506
Total454,762423,267
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.
6.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts81,06373,384
Other creditors17,94825,124
Total99,01198,508
7.Obligations under finance leases

2024

2023

££
Finance lease and HP contracts17,94825,125