IRIS Accounts Production v23.3.1.45 01383686 Board of Directors Board of Directors Board of Directors 1.7.22 30.6.23 30.6.23 false true false false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh013836862022-06-30013836862023-06-30013836862022-07-012023-06-30013836862021-06-30013836862021-07-012022-06-30013836862022-06-3001383686ns10:Originalns15:EnglandWales2022-07-012023-06-3001383686ns14:PoundSterlingns10:Original2022-07-012023-06-3001383686ns10:Originalns10:Director12022-07-012023-06-3001383686ns10:Original2022-07-012023-06-3001383686ns10:Originalns10:Director22022-07-012023-06-3001383686ns10:Originalns10:Director32022-07-012023-06-3001383686ns10:Original2023-06-3001383686ns10:Originalns10:PrivateLimitedCompanyLtd2022-07-012023-06-3001383686ns10:Originalns10:SmallEntities2022-07-012023-06-3001383686ns10:Originalns10:AuditExempt-NoAccountantsReport2022-07-012023-06-3001383686ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-07-012023-06-3001383686ns10:SmallCompaniesRegimeForAccountsns10:Original2022-07-012023-06-3001383686ns10:Originalns10:FullAccounts2022-07-012023-06-3001383686ns10:Original12022-07-012023-06-3001383686ns10:Originalns10:OrdinaryShareClass12022-07-012023-06-3001383686ns10:Originalns10:RegisteredOffice2022-07-012023-06-3001383686ns10:Original2022-06-3001383686ns10:Originalns5:CurrentFinancialInstruments2023-06-3001383686ns10:Originalns5:CurrentFinancialInstruments2022-06-3001383686ns5:ShareCapitalns10:Original2023-06-3001383686ns5:ShareCapitalns10:Original2022-06-3001383686ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-06-3001383686ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-06-3001383686ns10:Originalns5:NetGoodwill2022-07-012023-06-3001383686ns5:IntangibleAssetsOtherThanGoodwillns10:Original2022-07-012023-06-3001383686ns10:Originalns5:MotorVehicles2022-07-012023-06-3001383686ns10:Originalns5:ComputerEquipment2022-07-012023-06-3001383686ns10:Original2021-07-012022-06-3001383686ns10:Originalns5:NetGoodwill2023-06-3001383686ns10:Originalns5:PlantMachinery2022-06-3001383686ns10:Originalns5:PlantMachinery2022-07-012023-06-3001383686ns10:Originalns5:PlantMachinery2023-06-3001383686ns10:Originalns5:PlantMachinery2022-06-3001383686ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-06-3001383686ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-06-3001383686ns10:Originalns5:DeferredTaxation2022-06-3001383686ns10:Originalns5:DeferredTaxation2022-07-012023-06-3001383686ns10:Originalns5:DeferredTaxation2023-06-3001383686ns10:Originalns10:OrdinaryShareClass12023-06-30
REGISTERED NUMBER: 01383686 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2023

for

Chaucer Solutions Limited

Chaucer Solutions Limited (Registered number: 01383686)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Chaucer Solutions Limited

Company Information
for the Year Ended 30 June 2023







DIRECTORS: S J Baker
L J Baker
J M Baker





REGISTERED OFFICE: Beodric House
5 Boldero Road
Bury St Edmunds
Suffolk
IP32 7BS





REGISTERED NUMBER: 01383686 (England and Wales)





ACCOUNTANTS: Mead Accounting Limited
Chartered Certified Accountants
The Stables
Summer Road
Walsham Le Willows
Suffolk
IP31 3AJ

Chaucer Solutions Limited (Registered number: 01383686)

Balance Sheet
30 June 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 36,000 -
Tangible assets 5 20,022 27,459
56,022 27,459

CURRENT ASSETS
Stocks 72,202 56,278
Debtors 6 189,281 92,545
Cash at bank and in hand 23,551 71,585
285,034 220,408
CREDITORS
Amounts falling due within one year 7 99,788 52,021
NET CURRENT ASSETS 185,246 168,387
TOTAL ASSETS LESS CURRENT LIABILITIES 241,268 195,846

PROVISIONS FOR LIABILITIES 8 5,006 5,218
NET ASSETS 236,262 190,628

CAPITAL AND RESERVES
Called up share capital 9 300 300
Retained earnings 235,962 190,328
SHAREHOLDERS' FUNDS 236,262 190,628

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 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.

Chaucer Solutions Limited (Registered number: 01383686)

Balance Sheet - continued
30 June 2023


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 19 December 2023 and were signed on its behalf by:




S J Baker - Director L J Baker - Director




J M Baker - Director


Chaucer Solutions Limited (Registered number: 01383686)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

Chaucer Solutions Limited 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. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2022, is being amortised evenly over its estimated useful life of ten 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Impairment
At each reporting date, goodwill and other fixed assets, including tangible fixed assets and investments (but excluding investment properties), are assessed to determine whether there is an indication that those assets have suffered an impairment loss. If any indication arises, the recoverable amount is estimated and compared to its carrying amount to determine if an impairment loss has arisen.
If the recoverable amount is lower, the carrying amount of the asset is written down to its recoverable amount and an impairment loss is recognised in profit and loss.
Recoverable amount of the asset is the higher of its value in use and its net realisable value.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Chaucer Solutions Limited (Registered number: 01383686)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

2. ACCOUNTING POLICIES - continued

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, and loans from financial institutions or other related parties.

Debts instruments like loans and other accounts receivable and payable are initially measured at present value of the future payments and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade payables or receivables, ,are measured initially and subsequently at the undiscounted amount of the cash or other consideration, expected to be paid or received. However if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in the case of an outright short-term loan not at market rate, the financial asset or liability is measured, initially and subsequently at the present value of the future payment discounted at a market rate of interest for a similar debt instrument.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive income.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between as asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate, which is an approximation of the amount that the company would receive for the asset if it were to be sold at the balance sheet date.

Financial assets and liabilities are offset and the net amount reported in the balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Chaucer Solutions Limited (Registered number: 01383686)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

2. ACCOUNTING POLICIES - continued

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
Additions 40,000
At 30 June 2023 40,000
AMORTISATION
Charge for year 4,000
At 30 June 2023 4,000
NET BOOK VALUE
At 30 June 2023 36,000

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2022 33,789
Additions 142
At 30 June 2023 33,931
DEPRECIATION
At 1 July 2022 6,330
Charge for year 7,579
At 30 June 2023 13,909
NET BOOK VALUE
At 30 June 2023 20,022
At 30 June 2022 27,459

Chaucer Solutions Limited (Registered number: 01383686)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade debtors 187,556 69,720
Amounts owed by group undertakings - 20,900
Other debtors 1,725 1,925
189,281 92,545

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade creditors 73,483 46,137
Taxation and social security 24,363 3,934
Other creditors 1,942 1,950
99,788 52,021

8. PROVISIONS FOR LIABILITIES
30.6.23 30.6.22
£    £   
Deferred tax
Accelerated capital allowances 5,006 5,218

Deferred
tax
£   
Balance at 1 July 2022 5,218
Provided during year (212 )
Balance at 30 June 2023 5,006

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.23 30.6.22
value: £    £   
300 Ordinary £1 300 300

10. ULTIMATE CONTROLLING PARTY

S.R.S Aromatics Limited is the company's parent company and their registered office address is Beodric House, Bury St Edmunds, IP32 7BS.