Company Registration No. 07046668 (England and Wales)
Capital Chartered Limited
Unaudited accounts
for the year ended 31 December 2024
Capital Chartered Limited
Unaudited accounts
Contents
Capital Chartered Limited
Company Information
for the year ended 31 December 2024
Directors
Shahid Mehmood Umerani
Declan Francis King
Company Number
07046668 (England and Wales)
Registered Office
Lu.201 The Light Bulb, 1 Filament Walk
London
England
SW18 4GQ
Accountants
Gordons Knight Ltd
12 South Drive
Banstead
Surrey
England
SM7 3BH
Capital Chartered Limited
Statement of financial position
as at 31 December 2024
Cash at bank and in hand
14,698
7,024
Creditors: amounts falling due within one year
(137,387)
(68,112)
Net current liabilities
(106,002)
(51,028)
Net liabilities
(105,388)
(50,022)
Called up share capital
60
60
Profit and loss account
(105,448)
(50,082)
Shareholders' funds
(105,388)
(50,022)
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 16 May 2025 and were signed on its behalf by
Declan Francis King
Director
Company Registration No. 07046668
Capital Chartered Limited
Notes to the Accounts
for the year ended 31 December 2024
Capital Chartered Limited is a private company, limited by shares, registered in England and Wales, registration number 07046668. The registered office is Lu.201 The Light Bulb, 1 Filament Walk, London, England, SW18 4GQ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
33% WDV
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
4
Intangible fixed assets
Goodwill
At 31 December 2024
747,500
At 31 December 2024
747,500
Capital Chartered Limited
Notes to the Accounts
for the year ended 31 December 2024
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 January 2024
1,720
384
7,906
10,010
At 31 December 2024
1,720
384
7,906
10,010
At 1 January 2024
1,167
384
7,453
9,004
Charge for the year
188
-
204
392
At 31 December 2024
1,355
384
7,657
9,396
At 31 December 2024
365
-
249
614
At 31 December 2023
553
-
453
1,006
Amounts falling due within one year
Trade debtors
11,860
(197)
Accrued income and prepayments
4,827
10,257
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
14,167
24,167
Trade creditors
9,574
15,721
Taxes and social security
(2,575)
1,931
Loans from directors
107,061
16,850
The company's controlling party is Shahid Umerani - More than 50% but less than 75% by virtue of their ownership of the issued share capital in the company.
9
Average number of employees
During the year the average number of employees was 3 (2023: 3).