Company Registration No. SC712221 (Scotland)
Charlton Executive Ltd
Unaudited accounts
for the year ended 31 December 2024
Charlton Executive Ltd
Unaudited accounts
Contents
Charlton Executive Ltd
Company Information
for the year ended 31 December 2024
Directors
Edmund Lewis
Michael O'Hare
Company Number
SC712221 (Scotland)
Registered Office
15 Birkmyre Road
Glasgow
G51 3JH
Accountants
Prime Fiscal LLP
25 Daisy Street
Glasgow
G42 8JN
Charlton Executive Ltd
Statement of financial position
as at 31 December 2024
Tangible assets
395,438
360,813
Cash at bank and in hand
258,245
165,128
Creditors: amounts falling due within one year
(333,900)
(319,695)
Net current liabilities
(48,242)
(73,979)
Net assets
347,196
286,834
Called up share capital
100
100
Profit and loss account
347,096
286,734
Shareholders' funds
347,196
286,834
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 17 July 2025 and were signed on its behalf by
Edmund Lewis
Director
Company Registration No. SC712221
Charlton Executive Ltd
Notes to the Accounts
for the year ended 31 December 2024
Charlton Executive Ltd is a private company, limited by shares, registered in Scotland, registration number SC712221. The registered office is 15 Birkmyre Road, Glasgow, G51 3JH.
2
Compliance with accounting standards
These financial statements accounts have been prepared in accordance with the provisions of FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of Section 1A of FRS102 have been applied. 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.
These financial statements accounts have been prepared under the historic cost convention
The accounts are presented in sterling which is the functional and presentational currency of the company.
Turnover is recognised at the fair value of consideration received or receivable for services provided in the normal course of business and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
Tangible fixed assets and depreciation
Tangible assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Depreciation is recognised to write off the cost or valuation of assets less their residual values over their estimated useful lives on the following basis:
Motor vehicles
20% Straight line
Computer equipment
20% Straight line
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Charlton Executive Ltd
Notes to the Accounts
for the year ended 31 December 2024
4
Tangible fixed assets
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 January 2024
416,584
308
416,892
Additions
208,062
-
208,062
Disposals
(85,971)
-
(85,971)
At 31 December 2024
538,675
308
538,983
At 1 January 2024
56,017
62
56,079
Charge for the year
102,979
61
103,040
On disposals
(15,574)
-
(15,574)
At 31 December 2024
143,422
123
143,545
At 31 December 2024
395,253
185
395,438
At 31 December 2023
360,567
246
360,813
Amounts falling due within one year
Trade debtors
9,702
52,455
Accrued income and prepayments
17,711
16,660
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
43,970
59,332
Loans from directors
241,975
244,970
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Loan to director
11,396
-
11,396
-
8
Transactions with related parties
Loans of £241,975 remain due to a director. The loans are interest free and repayable on demand.
Charlton Executive Ltd
Notes to the Accounts
for the year ended 31 December 2024
9
Average number of employees
During the year the average number of employees was 12 (2023: 12).