Chartwell Telecom Limited
Unaudited Financial Statements
For the year ended 31 December 2024
Pages for Filing with Registrar
Company Registration No. 02716860 (England and Wales)
Chartwell Telecom Limited
Company Information
Directors
M. Zelman
J. Smith
Company number
02716860
Registered office
Eoffice Soho
1 Richmond Mews
London
W1D 3DA
Accountants
Moore Kingston Smith LLP
6th Floor
9 Appold Street
London
EC2A 2AP
Chartwell Telecom Limited
Contents
Page
Balance sheet
1
Statement of changes in equity
2
Notes to the financial statements
3 - 6
Chartwell Telecom Limited
Balance Sheet
As at 31 December 2024
Page 1
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
269
2,939
Current assets
Debtors
4
272,505
180,092
Cash at bank and in hand
294,329
314,210
566,834
494,302
Creditors: amounts falling due within one year
5
(177,120)
(116,120)
Net current assets
389,714
378,182
Net assets
389,983
381,121
Capital and reserves
Called up share capital
6
250,000
250,000
Other reserves
5,520
5,520
Profit and loss reserves
134,463
125,601
Total equity
389,983
381,121

For the financial year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 11 May 2026 and are signed on its behalf by:
M. Zelman
Director
Company Registration No. 02716860
Chartwell Telecom Limited
Statement of Changes in Equity
For the year ended 31 December 2024
Page 2
Share capital
Reserves provided for by the Articles of Association
Profit and loss reserves
Total
£
£
£
£
Balance at 1 January 2023
250,000
5,520
189,804
445,324
Year ended 31 December 2023:
Loss and total comprehensive income
-
-
(64,203)
(64,203)
Balance at 31 December 2023
250,000
5,520
125,601
381,121
Year ended 31 December 2024:
Profit and total comprehensive income
-
-
8,862
8,862
Balance at 31 December 2024
250,000
5,520
134,463
389,983
Chartwell Telecom Limited
Notes to the Financial Statements
For the year ended 31 December 2024
Page 3
1
Accounting policies
Company information

Chartwell Telecom Limited is a private company limited by shares incorporated in England and Wales. The registered office is Eoffice Soho, 1 Richmond Mews, London, W1D 3DA.

1.1
Accounting convention

These financial statements have been prepared in accordance with Section 1A of FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

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

1.2
Going concern

The financial statements are prepared on a going concern basis which assumes the company will continue in operational existence for the foreseeable future. The directors have reviewed the company’s financial position and activities in the light of true the current economic climate. The directors are satisfied that the company has sufficient resources to meet its liabilities as they fall due for a period of at least twelve months from the date of approval of these financial statements, and have therefore continued to adopt the going concern basis in the preparation of the financial statements

There are no further events after the balance sheet date that require disclosure.

1.3
Turnover
Turnover represents amounts receivable for the provision of international communication services net of VAT and trade discounts.
1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently also at cost, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and machinery
25% - Straight Line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.6
Financial instruments

Basic financial instruments are measured at amortised cost. The Company has no other financial instruments or basic financial instruments held at fair value.

Chartwell Telecom Limited
Notes to the Financial Statements (Continued)
For the year ended 31 December 2024
1
Accounting policies
(Continued)
Page 4
1.7
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recognised in profit or loss immediately, together with any changes in the fair value of the hedged asset or liability that are attributable to the hedged risk.

1.8
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.9
Foreign exchange
Transactions denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the date of the transaction. Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the end of the financial year. All exchange differences are dealt with in the profit and loss account.
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
3
3
Chartwell Telecom Limited
Notes to the Financial Statements (Continued)
For the year ended 31 December 2024
Page 5
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 January 2024 and 31 December 2024
254,759
Depreciation and impairment
At 1 January 2024
251,820
Depreciation charged in the year
2,670
At 31 December 2024
254,490
Carrying amount
At 31 December 2024
269
At 31 December 2023
2,939
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
263,536
169,406
Other debtors
8,969
10,686
272,505
180,092
5
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
147,105
78,258
Corporation tax
500
24,297
Other taxation and social security
14,244
-
0
Other creditors
15,271
13,565
177,120
116,120
Chartwell Telecom Limited
Notes to the Financial Statements (Continued)
For the year ended 31 December 2024
Page 6
6
Share capital
2024
2023
£
£
Ordinary share capital
250,000 Ordinary shares of £1 each
250,000
250,000
250,000
250,000
2024-12-31 2024-01-01 false false false 12 May 2026 CCH Software CCH Accounts Production 2026.100 No description of principal activity M. Zelman J. Smith R. Lyons 02716860 2024-01-01 2024-12-31 02716860 bus:Director1 2024-01-01 2024-12-31 02716860 bus:Director2 2024-01-01 2024-12-31 02716860 bus:CompanySecretary1 2024-01-01 2024-12-31 02716860 bus:RegisteredOffice 2024-01-01 2024-12-31 02716860 2024-12-31 02716860 2023-12-31 02716860 core:OtherPropertyPlantEquipment 2024-12-31 02716860 core:OtherPropertyPlantEquipment 2023-12-31 02716860 core:CurrentFinancialInstruments core:WithinOneYear 2024-12-31 02716860 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 02716860 core:CurrentFinancialInstruments 2024-12-31 02716860 core:CurrentFinancialInstruments 2023-12-31 02716860 core:ShareCapital 2024-12-31 02716860 core:ShareCapital 2023-12-31 02716860 core:OtherMiscellaneousReserve 2024-12-31 02716860 core:OtherMiscellaneousReserve 2023-12-31 02716860 core:RetainedEarningsAccumulatedLosses 2024-12-31 02716860 core:RetainedEarningsAccumulatedLosses 2023-12-31 02716860 core:ShareCapital 2022-12-31 02716860 core:RetainedEarningsAccumulatedLosses 2022-12-31 02716860 core:ShareCapitalOrdinaryShareClass1 2024-12-31 02716860 core:ShareCapitalOrdinaryShareClass1 2023-12-31 02716860 core:ShareCapitalOrdinaryShares 2024-12-31 02716860 core:ShareCapitalOrdinaryShares 2023-12-31 02716860 core:RetainedEarningsAccumulatedLosses 2023-01-01 2023-12-31 02716860 2023-01-01 2023-12-31 02716860 core:RetainedEarningsAccumulatedLosses 2024-01-01 2024-12-31 02716860 core:PlantMachinery 2024-01-01 2024-12-31 02716860 core:OtherPropertyPlantEquipment 2023-12-31 02716860 core:OtherPropertyPlantEquipment 2024-01-01 2024-12-31 02716860 bus:OrdinaryShareClass1 2024-01-01 2024-12-31 02716860 bus:OrdinaryShareClass1 2024-12-31 02716860 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 02716860 bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 02716860 bus:FRS102 2024-01-01 2024-12-31 02716860 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 02716860 bus:FullAccounts 2024-01-01 2024-12-31 xbrli:pure xbrli:shares iso4217:GBP