2022-07-13 14231049 2023-07-31 14231049 2022-07-13 2023-07-31 14231049 uk-core:WithinOneYear 2023-07-31 14231049 uk-core:ShareCapital 2023-07-31 14231049 uk-core:RetainedEarningsAccumulatedLosses 2023-07-31 14231049 uk-bus:Director1 2022-07-13 2023-07-31 14231049 uk-core:PlantMachinery 2022-07-13 2023-07-31 iso4217:GBP xbrli:pure 14231049 uk-bus:AuditExemptWithAccountantsReport 2022-07-13 2023-07-31 14231049 uk-bus:FRS102 2022-07-13 2023-07-31 14231049 uk-bus:FilletedAccounts 2022-07-13 2023-07-31 14231049 uk-bus:PrivateLimitedCompanyLtd 2022-07-13 2023-07-31
Chain Reaction NCL Limited
Registered Number:14231049
For the period ended 31 July 2023
England and Wales
Unaudited Financial Statements
2
For the period ended 31 July 2023
Chain Reaction NCL Limited
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Registered Number :
14231049
As at 31 July 2023
Chain Reaction NCL Limited
Statement of Financial Position
£
2023
Notes
Fixed assets
Property, plant and equipment
4,616
2
4,616
Current assets
Cash and cash equivalents
7,886
7,886
Trade and other payables: amounts falling due within one
year
(37,765)
3
(29,879)
Net current liabilities
Total assets less current liabilities
(25,263)
(25,263)
Net assets/liabilities
Capital and reserves
Called up share capital
1
Retained earnings
(25,264)
(25,263)
Shareholders' funds
For the period ended 31 July 2023 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the period ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr Henry Duxfield Director
These financial statements were approved and authorised for issue by the Board on 03 April 2024 and were signed by:
The notes form part of these financial statements
1 of 3
4
For the period ended 31 July 2023
Chain Reaction NCL Limited
Notes to the Financial Statements
Statutory Information
Chain Reaction NCL Limited is a private limited company, limited by shares, domiciled in England and Wales,
registration number 14231049.
Registered address:
27,Tranquil House
Worsdell Drive
Gateshead
Tyne and Wear
NE8 2EU
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
These accounts are for a period of more than one year. This is due to it being the first set of accounts since
incorporation.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery
15% per annum on cost
2. Property, plant and equipment
Plant and
Machinery
£
Cost or
valuation
5,431
Additions
At 31 July 2023
5,431
Provision for depreciation and impairment
Charge for period
815
At 31 July 2023
815
At 31 July 2023
Net book value
4,616
2 of 3
5
For the period ended 31 July 2023
Chain Reaction NCL Limited
Notes to the Financial Statements Continued
3. Trade and other payables: amounts falling due within one year
2023
£
Other creditors
37,765
4. Related party transactions
As at 31 July 2023, Mr Henry Duxfield (director of the company) was owed £35,966 ( - £0). This balance arose in
relation to a loan.
5. Average number of persons employed
During the period the average number of employees was 1
3 of 3