Chara Ink Limited - Period Ending 2017-10-31

Registration number: 10423441

Chara Ink Limited

Annual Report and Unaudited Financial Statements

for the Period from 12 October 2016 to 31 October 2017

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

Chara Ink Limited

Contents

Company Information	1
Accountants' Report	2
Balance Sheet	3 to 5
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

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1

Chartered Certified Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Chara Ink Limited
for the Period Ended 31 October 2017

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 period ended 31 October 2017 as set out on pages 3 to 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
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 period.

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

8 January 2018

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2

Chara Ink Limited

(Registration number: 10423441)
Balance Sheet as at 31 October 2017

	Note	2017 £
Fixed assets		1,366
Current assets		319,398
Creditors: Amounts falling due within one year		(323,704)
Net current liabilities		(4,306)
Total assets less current liabilities		(2,940)
Accruals and deferred income		(720)
		(3,660)
Capital and reserves		(3,660)

The notes on page 4 form an integral part of these financial statements.

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3

Chara Ink Limited

(Registration number: 10423441)
Balance Sheet as at 31 October 2017

Notes to the Financial Statements for the Period from 12 October 2016 to 31 October 2017

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:
1 Hebron Road
Bedminster
Bristol
BS3 3AB

These financial statements were authorised for issue by the Board on 8 January 2018.

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	Related party transactions

Transactions with directors

2017	Repayments by director £	At 31 October 2017 £
Mr I Nikolov
Directors Loan	161,852	161,852
Miss Y Maleeva
Directors Loan	161,852	161,852

The notes on page 4 form an integral part of these financial statements.

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4

Chara Ink Limited

(Registration number: 10423441)
Balance Sheet as at 31 October 2017

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 period ending 31 October 2017 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 period 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 8 January 2018 and signed on its behalf by:
 

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

Mr I Nikolov

Director

The notes on page 4 form an integral part of these financial statements.

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5