Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-31true2022-04-01falseManagement consultancy activities other than financial management44trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 09894907 2022-04-01 2023-03-31 09894907 2021-04-01 2022-03-31 09894907 2023-03-31 09894907 2022-03-31 09894907 c:Director1 2022-04-01 2023-03-31 09894907 d:OfficeEquipment 2022-04-01 2023-03-31 09894907 d:OfficeEquipment 2023-03-31 09894907 d:OfficeEquipment 2022-03-31 09894907 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 09894907 d:CurrentFinancialInstruments 2023-03-31 09894907 d:CurrentFinancialInstruments 2022-03-31 09894907 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 09894907 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 09894907 d:ShareCapital 2023-03-31 09894907 d:ShareCapital 2022-03-31 09894907 d:RetainedEarningsAccumulatedLosses 2023-03-31 09894907 d:RetainedEarningsAccumulatedLosses 2022-03-31 09894907 c:OrdinaryShareClass1 2022-04-01 2023-03-31 09894907 c:OrdinaryShareClass1 2023-03-31 09894907 c:OrdinaryShareClass2 2022-04-01 2023-03-31 09894907 c:OrdinaryShareClass2 2023-03-31 09894907 c:OrdinaryShareClass3 2022-04-01 2023-03-31 09894907 c:OrdinaryShareClass3 2023-03-31 09894907 c:FRS102 2022-04-01 2023-03-31 09894907 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 09894907 c:FullAccounts 2022-04-01 2023-03-31 09894907 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 09894907 e:PoundSterling 2022-04-01 2023-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 09894907









CHAMBERS ASSOCIATES LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2023

 
CHAMBERS ASSOCIATES LTD
REGISTERED NUMBER: 09894907

BALANCE SHEET
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
600
1,208

Current assets
  

Debtors: amounts falling due within one year
 5 
24,004
125,883

Cash at bank and in hand
 6 
1,031
1,050

  
25,035
126,933

Creditors: amounts falling due within one year
 7 
(25,335)
(128,141)

Net current liabilities
  
 
 
(300)
 
 
(1,208)

Total assets less current liabilities
  
300
-

  

Net assets
  
300
-


Capital and reserves
  

Called up share capital 
 8 
150
150

Profit and loss account
  
150
(150)

  
300
-

Page 1

 
CHAMBERS ASSOCIATES LTD
REGISTERED NUMBER: 09894907
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2023

The directors consider 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 directors acknowledge their 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 statement of comprehensive income 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: 





Mr S Deane
Director

Date: 27 November 2023

The notes on pages 3 to 8 form part of these financial statements.
Page 2

 
CHAMBERS ASSOCIATES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

Chambers Associates Limited is a private company limited by shares and incorporated in England and Wales. The registered office is Suite 7 Hawley Manor, Hawley Road, Dartford, Kent, England, DA1 1PX. The company's principal activity is that of management consultancy.

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

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:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Operating leases: the company as lessee

Rentals paid under operating leases are charged to the Statement of comprehensive income on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.4

Finance costs

Finance costs are charged to the Statement of comprehensive income 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.

Page 3

 
CHAMBERS ASSOCIATES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.5

Pensions

Defined contribution pension plan

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in the Statement of comprehensive income when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the company in independently administered funds.

 
2.6

Taxation

Tax is recognised in the Statement of comprehensive income 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.

 
2.7

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, using the following basis.


Office equipment
-
33%
straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.8

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 4

 
CHAMBERS ASSOCIATES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.9

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.

 
2.10

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.

 
2.11

Financial instruments

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

 
2.12

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 4 (2022 - 4).

Page 5

 
CHAMBERS ASSOCIATES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

4.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 1 April 2022
5,708



At 31 March 2023

5,708



Depreciation


At 1 April 2022
4,500


Charge for the year on owned assets
608



At 31 March 2023

5,108



Net book value



At 31 March 2023
600



At 31 March 2022
1,208

Page 6

 
CHAMBERS ASSOCIATES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

5.


Debtors

2023
2022
£
£


Trade debtors
-
(35,207)

Amounts owed by connected companies
-
112,000

Other debtors
14,827
18,036

Prepayments and accrued income
9,177
31,054

24,004
125,883



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
1,031
1,050



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
13,644
117,776

Corporation tax
465
35

Other taxation and social security
911
2,092

Other creditors
1,579
1,389

Accruals and deferred income
8,736
6,849

25,335
128,141



8.


Share capital

2023
2022
£
£
Authorised, allotted, called up and fully paid



50 A Ordinary shares of £1.00 each
50
50
50  B Ordinary shares of £1.00 each
50
50
50  C Ordinary shares of £1.00 each
50
50

150

150


Page 7

 
CHAMBERS ASSOCIATES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

9.


Related party transactions

Included within other creditors due within one year are amounts owed to the directors totalling £1,285 (2022: £1,285). These loans are interest free and repayable on demand.
Included within trade creditors is an amount of £8,158 (2022: £nil) due to a company under common control.
Included within other debtors due within one year is an amount of £12,964 (2022: £112,000) due from a company under common control.

 
Page 8