Chelepis Watson Ltd - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 06526306 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2022

for

Chelepis Watson Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

G T Georgiou

M Voniatis

T J Keeley

SECRETARY:

S B Ison

REGISTERED OFFICE:

67 Westow Street

Upper Norwood

London

SE19 3RW

REGISTERED NUMBER:

06526306 (England and Wales)

ACCOUNTANTS:

Chelepis Watson Ltd

Chartered Accountants

67 Westow Street

Upper Norwood

London

SE19 3RW

FIXED ASSETS

Intangible assets

5

-

-

Investments

6

500

-

500

-

CURRENT ASSETS

Debtors

7

328,545

317,665

Cash at bank and in hand

803,591

660,169

1,132,136

977,834

CREDITORS

Amounts falling due within one year

8

(257,325

)

(189,616

)

NET CURRENT ASSETS

874,811

788,218

TOTAL ASSETS LESS CURRENT LIABILITIES

875,311

788,218

CREDITORS

Amounts falling due after more than one year

9

(166,667

)

(216,666

)

NET ASSETS

708,644

571,552

CAPITAL AND RESERVES

Called up share capital

10

100

100

Retained earnings

708,544

571,452

SHAREHOLDERS' FUNDS

708,644

571,552

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 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 and authorised for issue on 31 March 2023 and were signed on its behalf by:

G T Georgiou - 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.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2021 - 12 ) .

5.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2021

and 31 March 2022

700,000

AMORTISATION

At 1 April 2021

and 31 March 2022

700,000

NET BOOK VALUE

At 31 March 2022

-

At 31 March 2021

-

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

Additions

500

At 31 March 2022

500

NET BOOK VALUE

At 31 March 2022

500

The company's investments at the Balance Sheet date in the share capital of companies include the following:

CWF Partners Ltd

Registered office: England and Wales

Nature of business: Dormant

%

Class of shares:

holding

Ordinary

100.00

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.22

31.3.21

£

£

Trade debtors

326,349

315,845

Other debtors

2,196

1,820

328,545

317,665

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.22

31.3.21

£

£

Bank loans and overdrafts

50,000

33,334

Trade creditors

16,205

9,504

Taxation and social security

102,945

111,606

Other creditors

88,175

35,172

257,325

189,616

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.22

31.3.21

£

£

Bank loans

166,667

216,666

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.22

31.3.21

value:

£

£

1,000

Ordinary

10p

100

100