REGISTERED NUMBER: 09223988 (England and Wales)

Financial Statements

for the Year Ended 30 September 2024

for

CHANSIT SHUMS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

R Asghar

REGISTERED OFFICE:

1 Brook Court

Blakeney Road

Beckenham

Kent

BR3 1HG

REGISTERED NUMBER:

09223988 (England and Wales)

ACCOUNTANTS:

Maths Partnership

1 Brook Court

Blakeney Road

Beckenham

Kent

BR3 1HG

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

240,314

230,019

240,314

230,019

CURRENT ASSETS

Stocks

6

21,022

16,440

Debtors

7

260,825

358,596

Cash at bank and in hand

73,641

490

355,488

375,526

CREDITORS

Amounts falling due within one year

8

482,924

479,431

NET CURRENT LIABILITIES

(127,436

)

(103,905

)

TOTAL ASSETS LESS CURRENT LIABILITIES

112,878

126,114

CREDITORS

Amounts falling due after more than one year

9

(410,044

)

(450,219

)

PROVISIONS FOR LIABILITIES

(45,487

)

(43,051

)

NET LIABILITIES

(342,653

)

(367,156

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(342,753

)

(367,256

)

SHAREHOLDERS' FUNDS

(342,653

)

(367,156

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 30 September 2025 and were signed by:

R Asghar - Director

1.	STATUTORY INFORMATION

Chansit Shums Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 28 (2023 - 26 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 October 2023

and 30 September 2024

700,000

AMORTISATION

At 1 October 2023

and 30 September 2024

700,000

NET BOOK VALUE

At 30 September 2024

-

At 30 September 2023

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 October 2023

564,806

1,796

500,116

17,336

1,084,054

Additions

33,943

513

60,550

-

95,006

Disposals

-

-

(11,000

)

-

(11,000

)

At 30 September 2024

598,749

2,309

549,666

17,336

1,168,060

DEPRECIATION

At 1 October 2023

488,290

1,256

352,874

11,615

854,035

Charge for year

27,616

236

50,788

1,430

80,070

Eliminated on disposal

-

-

(6,359

)

-

(6,359

)

At 30 September 2024

515,906

1,492

397,303

13,045

927,746

NET BOOK VALUE

At 30 September 2024

82,843

817

152,363

4,291

240,314

At 30 September 2023

76,516

540

147,242

5,721

230,019

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 October 2023

200,420

Additions

60,550

At 30 September 2024

260,970

DEPRECIATION

At 1 October 2023

and 30 September 2024

93,909

NET BOOK VALUE

At 30 September 2024

167,061

At 30 September 2023

106,511

6.

STOCKS

30.9.24

30.9.23

£

£

Stocks

21,022

16,440

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.24

30.9.23

£

£

Trade debtors

230,456

326,580

Other debtors

30,369

32,016

260,825

358,596

All debtors are due within one year and have therefore not been discounted.

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.24

30.9.23

£

£

Bank loans and overdrafts

11,348

70,170

Hire purchase contracts (see note 10)

47,501

48,600

Trade creditors

44,567

32,341

Taxation and social security

132,150

144,759

Other creditors

247,358

183,561

482,924

479,431

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.9.24

30.9.23

£

£

Bank loans

12,033

-

Hire purchase contracts (see note 10)

48,011

50,219

Other creditors

350,000

400,000

410,044

450,219

10.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

30.9.24

30.9.23

£

£

Gross obligations repayable:

Within one year

56,587

56,872

Between one and five years

58,596

60,742

115,183

117,614

Finance charges repayable:

Within one year

9,086

8,272

Between one and five years

10,585

10,523

19,671

18,795

Net obligations repayable:

Within one year

47,501

48,600

Between one and five years

48,011

50,219

95,512

98,819

Non-cancellable

operating leases

30.9.24

30.9.23

£

£

Within one year

-

10,100