CHATOO & COMPANY LIMITED - Filleted accounts

Registered number

01309900

CHATOO & COMPANY LIMITED

Filleted Accounts

31 March 2025

CHATOO & COMPANY LIMITED
Registered number:		01309900
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	4		2,922			4,055

Current assets
Stocks		115,000			98,000
Debtors	5	266,116			285,872
Cash at bank and in hand		12,986			51,509
		394,102			435,381

Creditors: amounts falling due within one year	6	(319,896)			(312,321)

Net current assets			74,206			123,060

Net assets			77,128			127,115

Capital and reserves
Called up share capital			230			230
Capital redemption reserve	7		1,270			1,270
Profit and loss account			75,628			125,615

Shareholders' funds			77,128			127,115

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




M M Chatoo
Director
Approved by the board on 13 October 2026

CHATOO & COMPANY LIMITED
Notes to the Accounts
for the year ended 31 March 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Intangible fixed assets
	Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Short leasehold property	over the life of the lease
	Plant and machinery	25% straight line
	Fixtures, fittings, tools and equipment	25% straight line

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees			2025		2024
Number					Number

	Average number of persons employed by the company			5		5


3	Intangible fixed assets					£
	Goodwill:

	Cost
	At 1 April 2024					49,126
	At 31 March 2025					49,126

	Amortisation
	At 1 April 2024					49,126
	At 31 March 2025					49,126

	Net book value
	At 31 March 2025					-

	Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.


4	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Total
£			£		£
	Cost
	At 1 April 2024	64,829		186,243		251,072
	Additions	-		683		683
	At 31 March 2025	64,829		186,926		251,755

	Depreciation
	At 1 April 2024	64,829		182,188		247,017
	Charge for the year	-		1,816		1,816
	At 31 March 2025	64,829		184,004		248,833

	Net book value
	At 31 March 2025	-		2,922		2,922
	At 31 March 2024	-		4,055		4,055


5	Debtors			2025		2024
£					£

	Trade debtors			32,268		50,671
	Other debtors			233,848		235,201
				266,116		285,872


6	Creditors: amounts falling due within one year			2025		2024
£					£

	Bank loans and overdrafts			91,247		67,939
	Trade creditors			108,888		99,810
	Taxation and social security costs			18,637		40,540
	Other creditors			101,124		104,032
				319,896		312,321


7	Capital redemption reserve			2025		2024
£					£

	At 1 April 2024			1,270		1,270

	At 31 March 2025			1,270		1,270


8	Other information

	CHATOO & COMPANY LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
	10,
	Waterson Street,
	London
	E2 8HL