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REGISTERED NUMBER: 04614732 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 DECEMBER 2024

FOR

CHEALWATCH LIMITED

CHEALWATCH LIMITED (REGISTERED NUMBER: 04614732)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024










Page

Balance Sheet 1

Notes to the Financial Statements 3


CHEALWATCH LIMITED (REGISTERED NUMBER: 04614732)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 - -
Tangible assets 6 246 422
246 422

CURRENT ASSETS
Stocks 7 400 400
Debtors 8 4,223 6,676
Cash at bank 25,112 28,832
29,735 35,908
CREDITORS
Amounts falling due within one year 9 7,355 7,255
NET CURRENT ASSETS 22,380 28,653
TOTAL ASSETS LESS CURRENT
LIABILITIES

22,626

29,075

PROVISIONS FOR LIABILITIES 10 47 80
NET ASSETS 22,579 28,995

CAPITAL AND RESERVES
Called up share capital 11 2 2
Retained earnings 22,577 28,993
SHAREHOLDERS' FUNDS 22,579 28,995

CHEALWATCH LIMITED (REGISTERED NUMBER: 04614732)

BALANCE SHEET - continued
31 DECEMBER 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 August 2025 and were signed on its behalf by:




Mr C C Heal - Director



Mrs J T Heal - Director


CHEALWATCH LIMITED (REGISTERED NUMBER: 04614732)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024


1. STATUTORY INFORMATION

Chealwatch Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 04614732

Registered office: 48 St Leonards Road
Bexhill on Sea
East Sussex
TN40 1JB

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
The turnover shown in the profit and loss account represents amounts invoiced during the year.

Goodwill
At 31 December 2015, the estimation technique used to set the amortisation policy for Goodwill was reassessed. It was decided that the amortisation policy should be changed from 5% straight line to 10% straight line, so that this policy better reflected the economic life of Goodwill. As a result of this change, Goodwill was fully amortised in the year to 31 December 2015.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

CHEALWATCH LIMITED (REGISTERED NUMBER: 04614732)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


3. ACCOUNTING POLICIES - continued

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Workshop - 15% on reducing balance
Computer equipment - 33% on cost
Fixtures and fittings - 15% on reducing balance
Equipment - 15% on reducing balance

All fixed assets are initially recorded at cost.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

CHEALWATCH LIMITED (REGISTERED NUMBER: 04614732)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


3. ACCOUNTING POLICIES - continued

Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2024
and 31 December 2024 55,000
AMORTISATION
At 1 January 2024
and 31 December 2024 55,000
NET BOOK VALUE
At 31 December 2024 -
At 31 December 2023 -

CHEALWATCH LIMITED (REGISTERED NUMBER: 04614732)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


6. TANGIBLE FIXED ASSETS
Fixtures
Computer and
Workshop equipment fittings Equipment Totals
£    £    £    £    £   
COST
At 1 January 2024
and 31 December 2024 1,486 4,011 1,143 991 7,631
DEPRECIATION
At 1 January 2024 1,486 3,809 1,143 771 7,209
Charge for year - 143 - 33 176
At 31 December 2024 1,486 3,952 1,143 804 7,385
NET BOOK VALUE
At 31 December 2024 - 59 - 187 246
At 31 December 2023 - 202 - 220 422

7. STOCKS
2024 2023
£    £   
Stocks 400 400

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Directors' current account 4,223 6,676

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 59 95
Corporation tax 4,837 4,731
Accruals and deferred income 2,459 2,429
7,355 7,255

CHEALWATCH LIMITED (REGISTERED NUMBER: 04614732)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Accelerated capital allowances 47 80

Deferred
tax
£   
Balance at 1 January 2024 80
Provided during year (33 )
Balance at 31 December 2024 47

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary £1 2 2

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2024 and 31 December 2023:

2024 2023
£    £   
Mr C C Heal and Mrs J T Heal
Balance outstanding at start of year 6,676 6,104
Amounts advanced 4,223 6,676
Amounts repaid (6,676 ) (6,104 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 4,223 6,676

The loan to the directors is interest free and repayable on demand.