Chara Ink Limited - Period Ending 2020-10-31

Chara Ink Limited

Contents

Company Information	1
Accountants' Report	2
Balance Sheet	3 to 6
Notes to the Financial Statements	4

Chara Ink Limited

Company Information

Directors

Miss Y Maleeva Mr I Nikolov

Registered office

Cornerstone House Midland Way Thornbury Bristol BS35 2BS

Accountants

Burton Sweet Chartered Certified Accountants Cornerstone House Midland Way Thornbury Bristol BS35 2BS

Chartered Certified Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Chara Ink Limited
for the Year Ended 31 October 2020

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Chara Ink Limited for the year ended 31 October 2020 as set out on pages 3 to 6 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at
http://www.accaglobal.com/gb/en/discover/public-value/rulebook.html.

This report is made solely to the Board of Directors of Chara Ink Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Chara Ink Limited and state those matters that we have agreed to state to the Board of Directors of Chara Ink Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/gb/en/technical-activities/technical-resources-search/2009/
october/factsheet-163-audit-exempt-companies.html. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Chara Ink Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Chara Ink Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Chara Ink Limited. You consider that Chara Ink Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Chara Ink Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Burton Sweet
Chartered Certified Accountants
Cornerstone House
Midland Way
Thornbury
Bristol
BS35 2BS

14 April 2021

Chara Ink Limited

(Registration number: 10423441)
Balance Sheet as at 31 October 2020

	Note	2020 £	2019 £
Fixed assets		576	768
Current assets		62,841	63,824
Creditors: Amounts falling due within one year		(53,076)	(43,168)
Net current assets		9,765	20,656
Total assets less current liabilities		10,341	21,424
Accruals and deferred income		(792)	(876)
		9,549	20,548
Capital and reserves		9,549	20,548

Chara Ink Limited

(Registration number: 10423441)
Balance Sheet as at 31 October 2020

Notes to the Financial Statements for the Year Ended 31 October 2020

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Cornerstone House
Midland Way
Thornbury
Bristol
BS35 2BS

The principal place of business is:
1A Quarry Steps
Clifton
Bristol
BS8 2UD

These financial statements were authorised for issue by the Board on 14 April 2021.

Basis of preparation

The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime'.

2	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 1 (2019 - 1).

3	Related party transactions

Transactions with directors

Chara Ink Limited

(Registration number: 10423441)
Balance Sheet as at 31 October 2020

Notes to the Financial Statements for the Year Ended 31 October 2020

2020	At 1 November 2019 £	Advances to directors £	Repayments by director £	At 31 October 2020 £
Directors Loan	21,584	(50)	5,004	26,538
Directors Loan	21,584	(50)	5,004	26,538

2019	At 1 November 2018 £	Repayments by director £	At 31 October 2019 £
Directors Loan	14,519	7,066	21,584
Directors Loan	14,519	7,066	21,584

Chara Ink Limited

(Registration number: 10423441)
Balance Sheet as at 31 October 2020

These financial statements have been prepared in accordance with the micro-entity provisions of the Companies Act 2006 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

For the financial year ending 31 October 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Approved and authorised by the Board on 14 April 2021 and signed on its behalf by:
 

.........................................

Mr I Nikolov

Director