Chi-Co (UK) Limited

Chi-Co (UK) Limited

CHI-CO (UK) LIMITED - Company Information

Print Friendly Version

1 April 2022 false Taxfiler 2023.5 5644372business:PrivateLimitedCompanyLtd2022-04-012023-03-31 56443722022-03-31 56443722022-04-012023-03-31 5644372business:AuditExemptWithAccountantsReport2022-04-012023-03-31 5644372business:FullAccounts2022-04-012023-03-31 56443722023-03-31 56443722022-03-31 5644372core:WithinOneYear2023-03-31 5644372core:WithinOneYear2022-03-31 5644372core:AfterOneYear2023-03-31 5644372core:AfterOneYear2022-03-31 5644372core:ShareCapital2023-03-31 5644372core:ShareCapital2022-03-31 5644372core:RetainedEarningsAccumulatedLosses2023-03-31 5644372core:RetainedEarningsAccumulatedLosses2022-03-31 5644372business:SmallEntities2022-04-012023-03-31 5644372business:Director12022-04-012023-03-31 5644372countries:EnglandWales2022-04-012023-03-31 5644372business:RegisteredOffice2022-04-012023-03-31 5644372core:LandBuildings2022-04-012023-03-31 5644372core:LandBuildings2022-03-31 5644372core:LandBuildings2023-03-31 56443722021-04-012022-03-31 iso4217:GBP xbrli:pure
Company Registration No. 5644372 (England and Wales)
Chi-Co (UK) Limited Unaudited accounts for the year ended 31 March 2023
Chartered Certified Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Chi-Co (UK) Limited for the year ended 31 March 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Chi-Co (UK) Limited for the year ended 31 March 2023 as set out on pages 3 - 5 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 https://www.accaglobal.com/uk/en/about-us/regulation/rulebook.html
This report is made solely to the Board of Directors of Chi-Co (UK) Limited, as a body, in accordance with the terms of our engagement letter dated 28 June 2012. Our work has been undertaken solely to prepare for your approval the accounts of Chi-Co (UK) Limited and state those matters that we have agreed to state to the Board of Directors of Chi-Co (UK) 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/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Chi-Co (UK) Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Chi-Co (UK) 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 profit of Chi-Co (UK) Limited. You consider that Chi-Co (UK) 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 Chi-Co (UK) 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.
Lewis Associates Chartered Certified Accountants 75 Coniston Gardens London NW9 0BA 26 May 2023
- 2 -
Chi-Co (UK) Limited Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
- 
157,024 
Current assets
Debtors
5
- 
572 
Cash at bank and in hand
400,259 
60,975 
400,259 
61,547 
Creditors: amounts falling due within one year
6
(171,941)
(27,596)
Net current assets
228,318 
33,951 
Total assets less current liabilities
228,318 
190,975 
Creditors: amounts falling due after more than one year
7
- 
(141,490)
Net assets
228,318 
49,485 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
228,218 
49,385 
Shareholders' funds
228,318 
49,485 
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 26 May 2023 and were signed on its behalf by
S M Chishty Director Company Registration No. 5644372
- 3 -
Chi-Co (UK) Limited Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
Chi-Co (UK) Limited is a private company, limited by shares, registered in England and Wales, registration number 5644372. The registered office is 75 Coniston Gardens, London, NW9 0BA, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
These financial statements for the year ended 31 March 2023 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 April 2021. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
No depreciation as value exeeds cost
4
Tangible fixed assets
Land & buildings 
£ 
Cost or valuation
At cost 
At 1 April 2022
191,490 
Disposals
(191,490)
At 31 March 2023
- 
Depreciation
At 1 April 2022
34,466 
On disposals
(34,466)
At 31 March 2023
- 
Net book value
At 31 March 2023
- 
At 31 March 2022
157,024 
- 4 -
Chi-Co (UK) Limited Notes to the Accounts for the year ended 31 March 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Other debtors
- 
572 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
- 
13,923 
Taxes and social security
19,959 
898 
Other creditors
151,982 
12,775 
171,941 
27,596 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Other creditors
- 
141,490 
8
Average number of employees
During the year the average number of employees was 2 (2022: 2).
- 5 -