Caseware UK (AP4) 2022.0.179 2022.0.179 2023-02-282023-02-282022-03-015truefalseThe principal activity of the company is that of creation and sale of artworks.8trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 08914388 2022-03-01 2023-02-28 08914388 2021-03-01 2022-02-28 08914388 2023-02-28 08914388 2022-02-28 08914388 2021-03-01 08914388 c:Director1 2022-03-01 2023-02-28 08914388 c:RegisteredOffice 2022-03-01 2023-02-28 08914388 d:Buildings d:ShortLeaseholdAssets 2022-03-01 2023-02-28 08914388 d:Buildings d:ShortLeaseholdAssets 2023-02-28 08914388 d:Buildings d:ShortLeaseholdAssets 2022-02-28 08914388 d:PlantMachinery 2022-03-01 2023-02-28 08914388 d:PlantMachinery 2023-02-28 08914388 d:PlantMachinery 2022-02-28 08914388 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-03-01 2023-02-28 08914388 d:MotorVehicles 2022-03-01 2023-02-28 08914388 d:MotorVehicles 2023-02-28 08914388 d:MotorVehicles 2022-02-28 08914388 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-03-01 2023-02-28 08914388 d:ComputerEquipment 2022-03-01 2023-02-28 08914388 d:ComputerEquipment 2023-02-28 08914388 d:ComputerEquipment 2022-02-28 08914388 d:ComputerEquipment d:OwnedOrFreeholdAssets 2022-03-01 2023-02-28 08914388 d:OwnedOrFreeholdAssets 2022-03-01 2023-02-28 08914388 d:CurrentFinancialInstruments 2023-02-28 08914388 d:CurrentFinancialInstruments 2022-02-28 08914388 d:Non-currentFinancialInstruments 2023-02-28 08914388 d:Non-currentFinancialInstruments 2022-02-28 08914388 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 08914388 d:CurrentFinancialInstruments d:WithinOneYear 2022-02-28 08914388 d:Non-currentFinancialInstruments d:AfterOneYear 2023-02-28 08914388 d:Non-currentFinancialInstruments d:AfterOneYear 2022-02-28 08914388 d:ShareCapital 2023-02-28 08914388 d:ShareCapital 2022-02-28 08914388 d:ShareCapital 2021-03-01 08914388 d:RetainedEarningsAccumulatedLosses 2022-03-01 2023-02-28 08914388 d:RetainedEarningsAccumulatedLosses 2023-02-28 08914388 d:RetainedEarningsAccumulatedLosses 2021-03-01 2022-02-28 08914388 d:RetainedEarningsAccumulatedLosses 2022-02-28 08914388 d:RetainedEarningsAccumulatedLosses 2021-03-01 08914388 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-02-28 08914388 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2022-02-28 08914388 c:OrdinaryShareClass1 2022-03-01 2023-02-28 08914388 c:OrdinaryShareClass1 2023-02-28 08914388 c:OrdinaryShareClass1 2022-02-28 08914388 c:FRS102 2022-03-01 2023-02-28 08914388 c:AuditExempt-NoAccountantsReport 2022-03-01 2023-02-28 08914388 c:FullAccounts 2022-03-01 2023-02-28 08914388 c:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28 08914388 d:WithinOneYear 2023-02-28 08914388 d:WithinOneYear 2022-02-28 08914388 d:BetweenOneFiveYears 2023-02-28 08914388 d:BetweenOneFiveYears 2022-02-28 08914388 d:HirePurchaseContracts d:WithinOneYear 2023-02-28 08914388 d:HirePurchaseContracts d:WithinOneYear 2022-02-28 08914388 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-02-28 08914388 d:HirePurchaseContracts d:BetweenOneFiveYears 2022-02-28 08914388 2 2022-03-01 2023-02-28 08914388 6 2022-03-01 2023-02-28 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 08914388









ORDER & CHAOS LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 28 FEBRUARY 2023

 
ORDER & CHAOS LTD
 
 
COMPANY INFORMATION


Director
H Hudson 




Registered number
08914388



Registered office
Third Floor
104 -108 Oxford Street

London

W1D 1LP




Accountants
Rawlinson & Hunter LLP
Chartered Accountants

Eighth Floor

6 New Street Square

New Fetter Lane

London

EC4A 3AQ





 
ORDER & CHAOS LTD
 

CONTENTS



Page
Balance Sheet
 
1 - 2
Statement of Changes in Equity
 
3
Notes to the Financial Statements
 
4 - 11


 
ORDER & CHAOS LTD
REGISTERED NUMBER: 08914388

BALANCE SHEET
AS AT 28 FEBRUARY 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
28,657
12,546

Investments
 5 
27,920
21,736

  
56,577
34,282

Current assets
  

Stocks
 6 
218,149
151,726

Debtors: amounts falling due within one year
 7 
8,072
142,414

Cash at bank and in hand
 8 
19,194
68,197

  
245,415
362,337

Creditors: amounts falling due within one year
 9 
(156,576)
(178,195)

Net current assets
  
 
 
88,839
 
 
184,142

Total assets less current liabilities
  
145,416
218,424

Creditors: amounts falling due after more than one year
 10 
(36,898)
(35,000)

  

Net assets
  
108,518
183,424


Capital and reserves
  

Called up share capital 
 13 
100
100

Profit and loss account
  
108,418
183,324

  
108,518
183,424


Page 1

 
ORDER & CHAOS LTD
REGISTERED NUMBER: 08914388
    
BALANCE SHEET (CONTINUED)
AS AT 28 FEBRUARY 2023

The director considers that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




H Hudson
Director

Date: 24 November 2023

The notes on pages 4 to 11 form part of these financial statements.

Page 2

 
ORDER & CHAOS LTD
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 28 FEBRUARY 2023


Called up share capital
Profit and loss account
Total equity

£
£
£


At 1 March 2021
100
160,449
160,549



Profit for the year
-
153,909
153,909

Dividends: Equity capital
-
(131,034)
(131,034)



At 1 March 2022
100
183,324
183,424



Profit for the year
-
25,625
25,625

Dividends: Equity capital
-
(100,531)
(100,531)


At 28 February 2023
100
108,418
108,518


The notes on pages 4 to 11 form part of these financial statements.

Page 3

 
ORDER & CHAOS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

1.


General information

Order & Chaos Ltd is a private company, limited by shares, incorporated in England and Wales with registration number of 08914388. The registered office is Third Floor, 104-108 Oxford Street, London, W1D 1LP.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

The director considers that, after making due enquiries, there is a reasonable expectation that the company will have adequate resources to continue in operation for the foreseeable future. For this reason the company will continue to adopt the going concern basis in preparing the financial statements for the year ended 28 February 2023.

 
2.3

Foreign currency translation

Functional and presentation currency

The company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Page 4

 
ORDER & CHAOS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

2.Accounting policies (continued)

 
2.4

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the company has transferred the significant risks and rewards of ownership to the buyer;
the company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.5

Operating leases: the company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.6

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Profit and Loss Account in the same period as the related expenditure.

 
2.7

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.8

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.9

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 5

 
ORDER & CHAOS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

2.Accounting policies (continued)

 
2.10

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.

 
2.11

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives. 

Depreciation is provided on the following basis:

Short-term leasehold property
-
20%
straight line
Plant and machinery
-
25%
reducing balance
Motor vehicles
-
25%
straight line
Computer equipment
-
25%
reducing balance

 
2.12

Valuation of investments

Investments are measured at cost less accumulated impairment.

 
2.13

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Work in progress and finished goods include labour and attributable overheads.
At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.14

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 6

 
ORDER & CHAOS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

2.Accounting policies (continued)

 
2.15

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.16

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.17

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.


3.


Employees

The average monthly number of employees, including directors, during the year was 5 (2022 - 8).

Page 7

 
ORDER & CHAOS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

4.


Tangible fixed assets





Short-term leasehold property
Plant and machinery
Motor vehicles
Computer equipment
Total

£
£
£
£
£



Cost or valuation


At 1 March 2022
70,500
15,469
-
23,635
109,604


Additions
-
655
25,960
-
26,615


Disposals
(70,500)
-
-
(6,863)
(77,363)



At 28 February 2023

-
16,124
25,960
16,772
58,856



Depreciation


At 1 March 2022
70,500
13,189
-
13,369
97,058


Charge for the year on owned assets
-
734
6,489
2,567
9,790


Disposals
(70,500)
-
-
(6,149)
(76,649)



At 28 February 2023

-
13,923
6,489
9,787
30,199



Net book value



At 28 February 2023
-
2,201
19,471
6,985
28,657



At 28 February 2022
-
2,280
-
10,266
12,546


5.


Fixed asset investments





Other fixed asset investments

£



Cost or valuation


At 1 March 2022
21,736


Additions
6,184



At 28 February 2023
27,920




Page 8

 
ORDER & CHAOS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

6.


Stocks

2023
2022
£
£

Finished goods and works in progress
218,149
151,726



7.


Debtors

2023
2022
£
£


Trade debtors
-
137,578

Other debtors
8,072
4,836

8,072
142,414



8.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
19,194
68,197

Less: bank overdrafts
(817)
-

18,377
68,197



9.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank overdrafts
817
-

Trade creditors
21,227
40,117

Corporation tax
3,196
43,713

Other taxation and social security
10,354
24,256

Obligations under finance lease and hire purchase contracts
6,490
-

Other creditors
100,641
59,016

Accruals and deferred income
13,851
11,093

156,576
178,195


Page 9

 
ORDER & CHAOS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

10.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Net obligations under finance leases and hire purchase contracts
11,898
-

Other creditors
25,000
35,000

36,898
35,000


Of the amounts included in other creditors falling due after more than one year, £16,490 (2022 - £10,000) is due between 1 and 2 years from the balance sheet date, £20,408 (2022 - £25,000) is due between 2 and 5 years from the balance sheet date.


11.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2023
2022
£
£


Within one year
6,490
-

Between 1-5 years
11,898
-

18,388
-


12.


Financial instruments

2023
2022
£
£

Financial assets


Financial assets measured at fair value through profit or loss
19,194
68,197




Financial assets measured at fair value through profit or loss comprise cash at bank and in hand.


13.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



100 (2022 - 100) Ordinary shares of £1 each
100
100


Page 10

 
ORDER & CHAOS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

14.


Pension commitments

The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund. Contributions totalling £105 (2022 - £613) were payable to the fund at the balance sheet date and are included in creditors.


15.


Commitments under operating leases

At 28 February 2023 the company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2023
2022
£
£


Not later than 1 year
8,450
33,280

Later than 1 year and not later than 5 years
-
8,450

8,450
41,730

 
Page 11