Charlesco Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07088753 (England and Wales)

Unaudited Financial Statements

for the Period 1 December 2017 to 31 March 2019

for

Charlesco Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Report of the Accountants

7

DIRECTORS:

Mr M Charles

Mrs A Charles

REGISTERED OFFICE:

Solent House

107a Alma Road

Portswood

Southampton

Hampshire

SO14 6UY

REGISTERED NUMBER:

07088753 (England and Wales)

ACCOUNTANTS:

Thomas Croft Limited

Accountants And Taxation Consultants

Solent House

107a Alma Road

Portswood

Southampton

Hampshire

SO14 6UY

FIXED ASSETS

Tangible assets

4

5,521

-

CURRENT ASSETS

Debtors

5

6,533

-

Cash at bank

37,752

15,852

44,285

15,852

CREDITORS

Amounts falling due within one year

6

20,014

10,923

NET CURRENT ASSETS

24,271

4,929

TOTAL ASSETS LESS CURRENT LIABILITIES

29,792

4,929

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

29,692

4,829

SHAREHOLDERS' FUNDS

29,792

4,929

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2019.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2019 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 24 October 2019 and were signed on its behalf by:

Mr M Charles - Director

1.	STATUTORY INFORMATION

Charlesco 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Income

Statement, 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 period 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 (2017 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

Additions

7,360

At 31 March 2019

7,360

DEPRECIATION

Charge for period

1,839

At 31 March 2019

1,839

NET BOOK VALUE

At 31 March 2019

5,521

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

30.11.17

£

£

Other debtors

6,533

-

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

30.11.17

£

£

Taxation and social security

19,514

6,405

Other creditors

500

4,518

20,014

10,923

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the period ended 31 March 2019 and

the year ended 30 November 2017:

31.3.19

30.11.17

£

£

Mr M Charles

Balance outstanding at start of period

-

-

Amounts advanced

3,266

-

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of period

3,266

-

Mrs A Charles

Balance outstanding at start of period

-

-

Amounts advanced

3,266

-

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of period

3,266

-

8.	RELATED PARTY DISCLOSURES

The company was under the control of Mr M Charles and Mrs A Charles throughout the current

period. Mr M Charles and Mrs A Charles are the managing directors and majority shareholders.

No transactions with related parties were undertaken such as are required to be disclosed under

Financial Reporting Standard for Smaller Entities.

The following reproduces the text of the report prepared for the directors in respect of the company's

annual unaudited financial statements. In accordance with the Companies Act 2006, the company is

only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain

other primary statements and the Report of the Directors are not required to be filed with the

Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the period ended 31 March 2019 set out on pages four to seven and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Thomas Croft Limited

Accountants And Taxation Consultants

Solent House

107a Alma Road

Portswood

Southampton

Hampshire

SO14 6UY

24 October 2019