Chamber Support Services Ltd SC303330 false 2022-03-01 2023-02-28 2023-02-28 The principal activity of the company is The principal activity of the company during the year was the provision of mail and print solutions. Digita Accounts Production Advanced 6.30.9574.0 true true SC303330 2022-03-01 2023-02-28 SC303330 2023-02-28 SC303330 core:RetainedEarningsAccumulatedLosses 2023-02-28 SC303330 core:ShareCapital 2023-02-28 SC303330 core:CurrentFinancialInstruments 2023-02-28 SC303330 core:CurrentFinancialInstruments core:WithinOneYear 2023-02-28 SC303330 core:Non-currentFinancialInstruments core:AfterOneYear 2023-02-28 SC303330 core:Goodwill 2023-02-28 SC303330 core:ConstructionInProgressAssetsUnderConstruction 2023-02-28 SC303330 core:FurnitureFittings 2023-02-28 SC303330 core:MotorVehicles 2023-02-28 SC303330 core:OfficeEquipment 2023-02-28 SC303330 bus:SmallEntities 2022-03-01 2023-02-28 SC303330 bus:AuditExemptWithAccountantsReport 2022-03-01 2023-02-28 SC303330 bus:FullAccounts 2022-03-01 2023-02-28 SC303330 bus:SmallCompaniesRegimeForAccounts 2022-03-01 2023-02-28 SC303330 bus:RegisteredOffice 2022-03-01 2023-02-28 SC303330 bus:Director3 2022-03-01 2023-02-28 SC303330 bus:OrdinaryShareClass1 2022-03-01 2023-02-28 SC303330 bus:OrdinaryShareClass2 2022-03-01 2023-02-28 SC303330 bus:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28 SC303330 core:Goodwill 2022-03-01 2023-02-28 SC303330 core:ConstructionInProgressAssetsUnderConstruction 2022-03-01 2023-02-28 SC303330 core:FurnitureFittings 2022-03-01 2023-02-28 SC303330 core:MotorVehicles 2022-03-01 2023-02-28 SC303330 core:OfficeEquipment 2022-03-01 2023-02-28 SC303330 countries:Scotland 2022-03-01 2023-02-28 SC303330 2022-02-28 SC303330 core:Goodwill 2022-02-28 SC303330 core:ConstructionInProgressAssetsUnderConstruction 2022-02-28 SC303330 core:FurnitureFittings 2022-02-28 SC303330 core:MotorVehicles 2022-02-28 SC303330 core:OfficeEquipment 2022-02-28 SC303330 2021-03-01 2022-02-28 SC303330 2022-02-28 SC303330 core:RetainedEarningsAccumulatedLosses 2022-02-28 SC303330 core:ShareCapital 2022-02-28 SC303330 core:CurrentFinancialInstruments 2022-02-28 SC303330 core:CurrentFinancialInstruments core:WithinOneYear 2022-02-28 SC303330 core:Non-currentFinancialInstruments core:AfterOneYear 2022-02-28 SC303330 core:Goodwill 2022-02-28 SC303330 core:ConstructionInProgressAssetsUnderConstruction 2022-02-28 SC303330 core:FurnitureFittings 2022-02-28 SC303330 core:MotorVehicles 2022-02-28 SC303330 core:OfficeEquipment 2022-02-28 SC303330 bus:OrdinaryShareClass1 2021-03-01 2022-02-28 SC303330 bus:OrdinaryShareClass2 2021-03-01 2022-02-28 iso4217:GBP xbrli:pure

Registration number: SC303330

Chamber Support Services Ltd

Unaudited Financial Statements

for the Year Ended 28 February 2023

 

Chamber Support Services Ltd

Contents

Statement of Financial Position

1 to 2

Notes to the Unaudited Financial Statements

3 to 7

 

Chamber Support Services Ltd

(Registration number: SC303330)
Statement of Financial Position as at 28 February 2023

Note

2023
£

2022
£

Fixed assets

 

Intangible assets

4

21,013

27,163

Tangible assets

5

48,379

47,347

 

69,392

74,510

Current assets

 

Stocks

3,049

2,904

Debtors

6

2,250

2,250

Cash at bank and in hand

 

3,796

26,295

 

9,095

31,449

Creditors: Amounts falling due within one year

7

(19,127)

(42,787)

Net current liabilities

 

(10,032)

(11,338)

Total assets less current liabilities

 

59,360

63,172

Creditors: Amounts falling due after more than one year

7

(57,075)

(57,760)

Net assets

 

2,285

5,412

Capital and reserves

 

Called up share capital

27

27

Retained earnings

2,258

5,385

Shareholders' funds

 

2,285

5,412

For the financial year ending 28 February 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the Company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The Director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the Director has not delivered to the registrar a copy of the Income Statement.

Approved and authorised by the director on 28 November 2023
 

 

Chamber Support Services Ltd

(Registration number: SC303330)
Statement of Financial Position as at 28 February 2023


Mr Grant Campbell
Director

 

Chamber Support Services Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2023

1

General information

The Company is a private company limited by share capital, incorporated in Scotland.

The address of its registered office is:
10 Dock Street
Dundee
DD1 4BT
Scotland

2

Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the Company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The Company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the Company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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

 

Chamber Support Services Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2023

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Equipment

33% reducing balance

Motor Vehicles

25% reducing balance

Fixtures & Fittings

20% reducing balance

Tenants Alterations

10% reducing balance

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the Company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

5% straight line

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are 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.

 

Chamber Support Services Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2023

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the Company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Financial instruments

Classification
Financial instruments are classified and accounted for, according to the substance of the contractual agreement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

3

Staff numbers

The average number of persons employed by the Company (including the Director) during the year, was 5 (2022 - 5).

 

Chamber Support Services Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2023

4

Intangible assets

Goodwill
 £

Cost or valuation

At 1 March 2022

123,000

At 28 February 2023

123,000

Amortisation

At 1 March 2022

95,837

Amortisation charge

6,150

At 28 February 2023

101,987

Carrying amount

At 28 February 2023

21,013

At 28 February 2022

27,163

5

Tangible assets

Tenants alterations
 £

Fixtures and fittings
£

Office equipment
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 March 2022

29,382

7,545

10,321

31,655

78,903

Additions

-

-

-

7,437

7,437

At 28 February 2023

29,382

7,545

10,321

39,092

86,340

Depreciation

At 1 March 2022

2,775

6,922

10,103

11,756

31,556

Charge for the year

459

124

72

5,750

6,405

At 28 February 2023

3,234

7,046

10,175

17,506

37,961

Carrying amount

At 28 February 2023

26,148

499

146

21,586

48,379

At 28 February 2022

26,607

623

218

19,899

47,347

 

Chamber Support Services Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2023

6

Debtors

Current

2023
£

2022
£

Prepayments

2,250

2,250

 

2,250

2,250

7

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Loans and borrowings

11,202

13,833

Trade creditors

 

-

763

Taxation and social security

 

2,458

8,450

Accruals and deferred income

 

-

12,000

Other creditors

 

5,467

7,741

 

19,127

42,787

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

57,075

57,760

8

Dividends

Final dividends paid

   

2023
£

 

2022
£

Final dividend of £Nil per each Ordinary A

 

-

 

-

Final dividend of £592.93 (2022 - £2,939.68) per each Ordinary B

 

16,009

 

55,854

   

16,009

 

55,854