Chelepis Watson Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06526306 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2019

for

Chelepis Watson Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

G T Georgiou

N F Springer

M Tsielepis

M Voniatis

P L Wallyn

SECRETARY:

S B Ison

REGISTERED OFFICE:

67 Westow Street

Upper Norwood

London

SE19 3RW

REGISTERED NUMBER:

06526306 (England and Wales)

ACCOUNTANTS:

Chelepis Watson Limited

Chartered Accountants

67 Westow Street

Upper Norwood

London

SE19 3RW

CURRENT ASSETS

Debtors

7

314,472

348,807

Cash at bank and in hand

230,377

207,933

544,849

556,740

CREDITORS

Amounts falling due within one year

8

(138,218

)

(158,158

)

NET CURRENT ASSETS

406,631

398,582

TOTAL ASSETS LESS CURRENT LIABILITIES

406,631

398,582

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

406,531

398,482

SHAREHOLDERS' FUNDS

406,631

398,582

406,631

398,582

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

The members have not required the company to obtain an audit of its financial statements for the year 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 23 December 2019 and were signed on its behalf by:

G T Georgiou - Director

P L Wallyn - Director

1.	STATUTORY INFORMATION

Chelepis Watson Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

In respect of on-going service engagements, turnover represents the value of work done at the period end date, after

making due allowances for unrecoverable amounts.

Goodwill

Goodwill represents the amount paid in connection with the acquisition of businesses and are being amortised evenly

over their estimated useful life of four years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less

any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Fixtures and fittings

-

25% on cost

Computer equipment

-

33% on cost

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2018 - 10 ) .

5.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2018

and 31 March 2019

700,000

AMORTISATION

At 1 April 2018

and 31 March 2019

700,000

NET BOOK VALUE

At 31 March 2019

-

At 31 March 2018

-

6.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 April 2018

and 31 March 2019

7,000

6,075

13,075

DEPRECIATION

At 1 April 2018

and 31 March 2019

7,000

6,075

13,075

NET BOOK VALUE

At 31 March 2019

-

-

-

At 31 March 2018

-

-

-

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

31.3.18

£

£

Trade debtors

304,430

347,348

Other debtors

10,042

1,459

314,472

348,807

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

31.3.18

£

£

Trade creditors

8,886

19,522

Taxation and social security

97,669

109,484

Other creditors

31,663

29,152

138,218

158,158

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.19

31.3.18

value:

£

£

1,000

Ordinary

10p

100

100